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



Latest topics

» When will supply chain disruptions ease?
by Gowri123 Yesterday at 11:46 pm

» KHL Massive forex gains close to 6 billions
by rajini Yesterday at 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Yesterday at 9:21 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 4:12 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 12:53 pm

» Govt gets its priorities wrong
by samaritan Yesterday at 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Yesterday at 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Yesterday at 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Yesterday at 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Yesterday at 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Yesterday at 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

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™ » Stock market stays up on return of confidence; foreign buying

Stock market stays up on return of confidence; foreign buying

2 posters

Go down  Message [Page 1 of 1]

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

nYear-to-date net foreign inflow nears Rs. 19 b with infusion of Rs. 712 m yesterday
nMarket’s value up byRs. 50 b in two days

The Colombo stock market succeeded to stay on the up for the second consecutive day with investor confidence returning and heavy foreign buying.
The benchmark All Share Index gained over 1% of 63 points bringing the year-to-date growth to 1.55%. Market capitalisation improved by Rs. 26 billion on top of an equal amount on Tuesday.
What was significant in the late rebound is a net foreign inflow of Rs. 712 million bringing the year-to-date figure to Rs. 18.9 billion. Bulk of the inflows yesterday were on John Keells Holdings which saw Rs. 846 million in turnover including six crossings involving 1.4 million shares at Rs. 209.
The counter closed flat at Rs. 209 after hitting an intra-day high of Rs. 212. It was the ninth consecutive day of JKH dominated turnover at the CSE. JKH and trading of Rs. 123 million of Sampath Bank shares accounted for 82% the CSE’s total yesterday. Sampath also saw foreign buying.
“The Bourse continued yesterday’s positive momentum, with the benchmark ASPI recording a triple digit growth for the two days. Turnover crossed the billion mark for the first time in three weeks,” NDB Stockbrokers said. It said retail activity was seen in counters such as Blue Diamond Non-voting, Central Investment & Finance and Panasian Power.
“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,” Softlogic Stockbrokers said.
It added that retail activity was moderate with the upturn of indices. HVA Foods, E-Channelling and Blue Diamond [Non-Voting] saw notable activity.
LOLC Securities said foreign holding in JKH rose by 2,673,783 shares, that of Sampath Bank by 626,000 and of Commercial Bank by 295,718.
Reuters said the Bourse, which had been in an oversold region since 3 September, shot up to neutral territory, with the 14-day Relative Strength Index at 37.089 on Wednesday, above its lower neutral level of 30.
Analysts said a fair number of public and private institutional investors as well as high net worth investors were active on fundamentally sound stocks though retail activity could be much better.
First Capital Equities believes that the current price weakness in the Bourse provides an excellent opportunity for medium to long-term investors to pick up attractively priced growth stocks.
“While positive market sentiment appears to be building up, we continue to advice investors to enter the market in a focused and informed manner carefully selecting counters that will fully benefit from the positive domestic economic story,” it added.

http://www.ft.lk/2013/09/12/stock-market-stays-up-on-return-of-confidence-foreign-buying/

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Foreigners fully utilized the opportunity they got from uncertainty prevailed. There was no time like this in my memory with this much of continuous foreign buying. Poor retailers including myself lost fare amount of hard earn money due to the lack of holding power.

Back to top  Message [Page 1 of 1]

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