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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Day Traders must gradually start accumulating a well diversified portfolio of stocks which are cash generative. Stock market for beginners
by Asoka Samarakone Today at 8:24 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by sureshot Today at 7:59 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 7:36 pm

» Is 12th a holiday CSE
by Vishwanarth Today at 10:46 am

» Kelani TYRES
by shan31 Yesterday at 9:07 pm

» VALLIBEL ONE PLC (VONE.N0000)
by shan31 Yesterday at 8:54 pm

» DIPD/HAYC/HAYL
by shan31 Yesterday at 8:06 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by shan31 Yesterday at 7:34 pm

» Crypto , Digital Currency Trading , Forex
by RJ1010 Yesterday at 6:27 pm

» South Asia’s first Disneyland to come up in Sri Lanka
by samaritan Yesterday at 1:42 pm

» LOLC Share Price
by madukp Yesterday at 1:27 am

» Daily Foreign Transactions
by Pradeep90 Fri Apr 09, 2021 7:53 pm

» TALAWAKELLE TEA ESTATES PLC (TPL.N0000)
by lakymahesh Fri Apr 09, 2021 6:20 pm

» Sri Lanka bans palm oil imports, tells producers to uproot plantations
by CHRONICLE™ Fri Apr 09, 2021 3:22 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Bakka1988 Fri Apr 09, 2021 1:33 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by madukp Fri Apr 09, 2021 12:33 pm

» ASPI Prediction by HNWI
by samaritan Fri Apr 09, 2021 9:09 am

» Price prediction on GRAN and TAFL
by desh87 Fri Apr 09, 2021 3:31 am

» දර්ශක අගයන් 8200 -9000 මට්ටමට හෝ ඉන් ඔබ්බට ජූලී මාසේ එන්න පුලුවන්
by kalu351 Thu Apr 08, 2021 11:25 pm

» The goal is to make money, not to prove you're right and the stock market is wrong. Stock market for beginners
by Asoka Samarakone Thu Apr 08, 2021 10:07 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » The benchmark index advances during the week

The benchmark index advances during the week

Go down  Message [Page 1 of 1]

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
as majority of the counters gather momentum

The bench mark ASI travelled upward during the first four days of the week supported by price gains witnessed across the board; however it witnessed a dip on Friday as several small cap stocks that rallied during the week lost ground. The ASI gained 109.5 points WoW to close at 5,947.4 points (+1.9%), whilst the S&P SL20 Index gained 51.8 points WoW to close at 3,283.6 points (+1.6%). Indices benefited mainly on the back of gains made by Ceylon Tobacco Company (+14.0% WoW), Commercial Leasing and Finance (+7.7% WoW), Aitken Spence Hotel Holdings (+6.1% WoW), National Development Bank (+5.4% WoW) and Lion Brewery (+4.0% WoW).

Sri Lankans stocks gained considerably during the week as majority of the stocks gathered momentum. Large cap counters strengthened the week’s activities as they remained amongst the favourite picks by institutional and foreign investors, whilst heavy retail participation that was evident on several small cap counters shouldered the benchmark index to advance.

Despite numerous crossings being recorded, activity levels during the week remained low cf. last week as mirrored by the 31.5% WoW and 35.5% WoW decline in weekly turnover and volume respectively. However, the week witnessed a net foreign inflow close to LKR1bn resulting in a WoW increase of 53%.

Meanwhile, world stock markets arose towards the end of the week over optimism that the US law makers would reach an agreement on raising the nations’ debt limit to prevent the nation from a default. But it must be noted that, even though the talks are progressing, no agreement has been reached as both parties plan to carry out further talks. Moreover, impact from the partial shut down of US government started to ripple through the economy as claims for U.S. jobless benefits jumped last week to the highest level in six months.

During the week crossings contributed c. 44% towards the week’s turnover where counters such as John Keells Holdings, Ceylon Tobacco Company, Commercial Bank, Hatton National Bank, United Motors, Access Engineering, Laugfs Gas and Lanka IOC encountered crossings. Furthermore, Touchwood, Access Engineering, Swarnamahal Finance, Asia Asset Finance and PC House topped the list in terms of highest volume traded stocks during the week.

During the week, Senkadagala Finance and Nanda Investments and Finance made announcements regarding issue of new shares via right issues.

Further, SEC issued directives regarding increase in minimum number of public shareholders required for listing on Dirisavi Board and reinstating introduction as a method of listing of equity.

The week saw foreign purchases amounting to LKR 1,297.8 mn whilst foreign sales amounted to LKR 298.1mn. Market capitalisation stood at LKR 2,473.2bn and the YTD performance is 5.4%.


Conclusion: Macroeconomic Developments Raise the Prospects of the Colombo Bourse

Both indexes recorded significant gains supported by high net worth as well as retail trading activity throughout the week. The revival of market activity and the rebound in the YTD return can be partly attributable to the macroeconomic factors which surfaced mainly at the domestic level withstanding the concerns on global economic growth. For instance, the IMF revised down the forecast for global growth to 2.9% for 2013 from the previously estimated 3.1% over concerns that growth in the developing world is showing signs of moderation. It further stated that a failure to raise the U.S. debt limit causing the latter to default on national debt may severely affect the stability of the world economy. One possible outcome of a U.S. default would be the falling price of U.S. government securities and hence the loss of foreign reserves of developing economies which utilise U.S. government debt to preserve the value of foreign reserves. The other negative factor would be the rise in the
interest rates. As mentioned in one of our previous articles, the governments as well as private companies of emerging markets took advantage of the low interest rates that prevailed in advanced economies to finance deficits and investments. A possible increase in the interest rates would hence affect the developing economies in a significant way by raising external debt financing costs of both public and private sector.

However, despite these concerns on the stability and growth prospects of the global economy and specifically that of the developing economies, the IMF raised Sri Lanka’s growth forecast for 2013 to 6.8% from 6.3% indicating the resilience shown by the economy even amidst significant global uncertainties. Further, the recovery of the rupee from the considerable pressure to fall in value against peer currencies on the back of a possible pull out by foreign investors from government securities and equities has also affected positively on the sentiment of the Colombo Bourse. This is reflected by the gains made by the ASI as well as the S&P SL20 indexes during the trading week.
Source: Asia Wealth Management Research
Full Report - http://research.srilankaequity.com/t839-11-10-2013-weekly-review-asia-wealth-management-co-ltd

2The benchmark index advances during the week  Empty LSL Weekly Market Review - 11 Oct 2013 Fri Oct 11, 2013 6:26 pm

sriranga

sriranga
Co-Admin
The Colombo equity market commenced the weekly operations on Monday with positive movements in both indices. Benchmark ASI appreciated by 29.15 points (+0.50%) and S&P SL 20 Index gained 12.59 points (+0.39%). Market turnover was LKR 484mn. John Keells Holdings recorded the top turnover of LKR 235mn along with the Touchwood Investment (LKR 24mn) and Colombo Land & Development (LKR 21mn). Even though Touchwood Investment traded heavily during the day, rumors spread regarding a re-appointment of MP deleted Silva and his father Lal Silva as advisors to the Touchwood Director Board failed to renew the investor interest in Touchwood Investment during the day. Further, HVA Foods, Colombo Land & Development and Dankotuwa Porcelain were among the heavily traded stocks during the day. Foreign participation for the day was 27% whilst recording a net inflow of LKR 228mn.

On Tuesday market closed in green with positive gains in indices. ASI gained 29.95 points (+0.51%) while S&P SL 20 advanced by 12.96 points (+0.40%). Market turnover was LKR 490mn. John Keells Holdings with LKR 193mn, Ceylon Tobacco with LKR 43mn and Touchwood Investments with LKR 34mn emerged as the highest contributors to the daily market turnover. Further retail investors gathered around counters such as Touchwood Investments, HVA Foods and Dankotuwa Porcelain. Meanwhile Court of Appeal issued a stay order to Central Investment & Finance against implementation of the proposed restructuring plan. Accordingly, the company has suspended all the activities relating to the implementation of the restructuring plan until 11th Oct 2013. Foreign participation for the day was 42% while foreign investors were net buyers with LKR 48mn of net inflow.

Colombo shares closed on a mixed note on Wednesday, as benchmark price index gained 12.90 points (+0.22%) and S&P SL20 index marginally dipped by 2.35 points (-0.07%). Market turnover was LKR 723mn. United Motors recorded the top turnover of LKR 240mn followed by Touchwood investments (LKR 108mn) and Ceylon Tobacco (LKR 40mn). Touchwood investment was the heavily traded stock for the session followed by Swarnamahal Financial Services and Central investments & Finance. Foreign participation was 26% with a net inflow of LKR 330mn.

Colombo Stock market closed higher on Thursday with positive returns in both indices. ASI gained 47.42 points (+0.80%) whereas S&P SL 20 Index ended increased by 31.92 points (+0.98%). Market turnover was LKR 575mn. Hatton National Bank emerged as the top contributor to the turnover (LKR 90mn) closely followed by John Keells Holdings (LKR 78mn) and Touchwood Investments (LKR 47mn). Active trading by retail investors boosted the prices of several penny stocks during the day. Foreign participation for the day was 25%. Net foreign inflow was LKR 166mn.

Market indicators closed the week in red on Friday led by price declines in high cap stocks such as Asian Hotels & Properties by 6.7%, Nestle by 1.1% and DFCC Bank by 2.4%. ASI closed at 5,947.42, down by 9.95 points (-0.17%) and S&P SL 20 Index closed at 3,283.62, a marginal decline of 3.29 points (-0.10%).

At the very last moment a single crossing of 20mn shares executed in Access Engineering at LKR 22.00 per share boosted the daily market turnover to LKR 1.0bn. Apart from that several negotiated deals were recorded in John Keells Holdings (~0.5mn shares at LKR 217.00 per share), Laugfs Gas- voting (~3.0mn shares at LKR 28.00 per share), Hatton National Bank (~0.5mn shares at LKR 150.00 per share) and Lanka IOC (1.0mn shares at LKR 25.00 per share). The aggregate value of crossings represented 72% of the daily turnover. According to the company disclosures, ~3.0mn shares of Laugfs Gas has purchased by its parent Laugfs Holdings Limited.

Accordingly Access Engineering recorded the highest turnover of LKR 465mn. Further, John Keells Holdings with LKR 141mn and Laugfs Gas - voting with LKR 83mn were the next best contributors to the market turnover.

Speculative retail investors were gathered around several penny stocks such as heavily traded Touchwood Investments, The Finance non-voting and Asia Assets Finance.

Foreign participation was low at 13% and foreign investors were net buyers of LKR 229mn. Net foreign inflows were seen in John Keells Holdings, HNB and Commercial Bank.

During the week ASI advanced by 109.47 points (1.9%) and S&P SL 20 Index advanced by 51.83 points (1.6%). Accordingly market capitalization increased by LKR 46.0bn (+2%WoW). Foreign participation for the week was same as the last week; however total net foreign purchases for the week increased by 53%WoW to ~LKR 1.0bn which helped the year-to-date net foreign inflows to exceed the LKR 21.0bn mark.

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

Back to top  Message [Page 1 of 1]

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