FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » JKH underscored market activity adding 82% to turnover

JKH underscored market activity adding 82% to turnover

2 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

COLOMBO, Sept 11 (Reuters) - Sri Lankan stocks rose to a one-week high on Wednesday on positive sentiment after foreign investors snapped up blue chips, including John Keells Holdings in an oversold market, traders said.

The main share index gained 1.11 percent, or 62.88 points, to close at 5,730.21, its highest since Sept. 4.

'Foreign buying in Keells boosted sentiment. We have seen some bottom fishing too,' said a stockbroker.

Foreign investors were net buyers of 712.2 million rupees ($5.36 million) worth of shares on Wednesday, extending the year to date net foreign inflows to 19.03 billion rupees.

The bourse, which had been in an oversold region since Sept. 3, shot up to neutral territory, with the 14-day Relative Strength Index at 37.089 on Wednesday, above its lower neutral level of 30, Thomson Reuters data showed.

Shares in marker heavyweight Ceylon Tobacco Co PLC rose 8.57 percent to 1,140 rupees. Top conglomerate John Keells Holdings Plc, which traded largely on block deals, ended flat at 209 rupees.

Wednesday's turnover was 1.17 billion rupees, its highest since Aug. 14 and more than this year's daily average of about 886.4 million rupees.

($1 = 132.8500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Prateek Chatterjee)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/09/11/3541013.htm

http://sharemarket-srilanka.blogspot.co.uk/

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

WRITTEN BY THARANGA SENARATNE

Sep 11, 2013 (LBT) - Index continued on an uptrend: Indices depicted a volatile path as the ASPI denoted a marginal downtrend during mid-day and restored back its gains to close up 62 points at 5,730.21. The upturn was primarily backed by Ceylon Tobacco Company (+8.6%), Lion Brewery (12.8%), Chevron Lubricants (+3.8%) and Commercial Bank (+0.7%). The S&P SL20 follow suited ending with a gain of 28 points at 3,178.96.

JKH underscored bourse adding 82% to turnover: John Keells Holdings spearheaded the turnover for the ninth consecutive day backed by strong on-board and off-board participation. The counter contributed 82% to the day’s turnover supported by 6 crossings which carried c.1.4 mn shares in total at LKR209.0 and several sizable blocks which were picked on-board at LKR209.0. The counter closed flat at LKR209.0 for the day after touching LKR212.0 on thin volume at its intra-day high. Sampath Bank recorded two crossings accumulating to c.626k shares at LKR180.0. The counter denoted some selling pressure however closed up marginally at LKR180.0.

Diversified sector dominated bourse; selected banks gathered interest: Diversified sector dominated the bourse backed by John Keells Holdings which significantly outpaced the rest of the counters with a turnover of LKR846 mn. Selected banking players gathered focus with Commercial Bank and Sampath Bank which edged up to the top turnover slot. Access Engineering and Ceylon Guardian Investment Trust secured interest.

Retailer activity moderate: Retail activity was moderate with the upturn of indices. HVA Foods, E-Channelling and Blue Diamond [Non-Voting] saw notable activity.
http://lbt.lk/stock-market

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum