Bourse closes up, crossings drive turnover

Redbulls · 1 Sri Lanka stocks close up 0.5-pct Fri Dec 06, 2013 5:03 pm

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Dec 06, 2013 (LBO) - Sri Lanka stocks closed greener Friday with diversified stocks sought by foreign investors, brokers said.

The Colombo benchmark All Share Price Index closed 29.66 points higher at 5,810.24, up 0.51 percent. The S&P SL20 closed 21.47 points higher at 3,183.09, up 0.68 percent.

Turnover was 779.81 million rupees, down from 1,321.58 million rupees a day earlier, with stocks of 136 firms closing in the red against 72 gainers.

Commercial Leasing and Finance closed 10 cents higher at 4.00 rupees with an off market transaction of 230 million rupees contributing to 30 percent of total turnover.

JKH’s W0022 warrants closed 2.50 rupees higher at 63.50 rupees and its W0023 warrants closed 4.30 rupees higher at 75.30 rupees attracting more retail investor interest during the day.

E-Channelling closed 90 cents lower at 11.80 rupees also getting retail interest. Foreigners brought 272 million rupees worth shares while selling 146 million rupees of shares.

Nestle Lanka closed 299.90 rupees higher at 2,249.90 rupees and Hayleys closed 33.80 rupees higher at 318.90 rupees, contributing most to the index gain.

Carson Cumberbatch closed 11.60 rupees higher at 359.80 rupees and.

Ceylinco Insurance closed 28.60 rupees higher at 1,349.90 rupees and Lanka Orix Leasing Company closed 4.50 rupees lower at 69.50 rupees.

Ceylon Tobacco Company closed 9.10 rupees lower at 1,107.40 rupees and Sri Lanka Telecom closed 40 cents lower at 37.60 rupees.

Bukit Darah closed 4.50 rupees higher at 619.80 rupees and Distilleries closed 80 cents higher at 189.80 rupees.

Asian Hotels and Properties closed 1.10 rupees lower at 67.90 rupees and Commercial Bank closed 50 cents lower at 115.00 rupees.

Dialog Axiata closed flat at 9.00 rupees and JKH closed 50 cents higher at 210.50 rupees. Lanka IOC closed 10 cents lower at 32.30 rupees and Cargills Ceylon closed 1.40 rupees higher at 146.50 rupees.

NDB closed 50 cents lower at 159.50 rupees and Aitken Spence Hotel Holdings closed 50 cents lower at 63.00 rupees.

Sampath Bank closed 70 cents lower at 166.00 rupees and DFCC closed flat at 122.00 rupees. HNB closed 10 cents lower at 143.40 rupees and Touchwood Investments closed 10 cents lower at 3.00 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.5-pct/196422360

sriranga

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COLOMBO, Dec 6 (Reuters) - Sri Lankan stocks rose on Friday to a near three-week high close, led by foreign buying in Nestle Lanka PLC, ahead of the monetary policy rate decision early next week.

The main stock index rose 0.51 percent, or 29.66 points, to 5,810.24, its highest since Nov.18.

Analysts said investors were waiting for the policy rate decision on Monday for direction and earnings after dented confidence following tax hikes announced for the 2014 budget.

The day's turnover was 779.8 million rupees ($5.96 million), less than this year's daily average turnover of 847.3 million rupees.

Nestle Lanka PLC shares jumped 15.38 percent to 2,249.90 rupees. Analysts said foreigners increased their holdings in Nestle by 74,072 shares on Friday.

Foreign investors were net buyers of 126.5 million rupees worth of shares, extending year-to-date net inflows to 22.87 billion rupees.

($1 = 130.8700 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/2013/12/06/3706065.htm?c=1&t=

Redbulls · 3 Bourse closes up, crossings drive turnover Fri Dec 06, 2013 10:37 pm

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Large parcels dominate trading

The Colombo bourse yesterday closed the week in the green with both indices up on a turnover of Rs.779.8 million, down from the previous day’s Rs.1.3 billion, with the All Share Price Index gaining 26.66 points (0.51%) and S&P SL20 up 21.47 points (0.68%) with 139 losers outpacing 84 gainers while 97 counters closed flat.

As on the previous day crossings drove turnover with block trades in JKH, Commercial Leasing and Nestle contributing a total of Rs.374 million which was nearly half the day’s business volumes with even the floor trades mostly done in large parcels by institutions and high net worth investors.

``There’s hardly any room for anyone else to do anything in this market,’’ a broker commented.

JKH saw a single parcel of 150,000 shares crossed at Rs.210 contributing Rs.31.5 million to turnover with Commercial Leasing seeing 46 million shares done in two parcels at a price of Rs.5 per share generating Rs.230 million and Nestle a single parcel of 50,000 shares done at Rs.2,450 per share contributing Rs.112.5 million to turnover.

"The sharp appreciation in Nestle drove the ASPI by over 50 points at mid morning," a broker said. "However, the market closed at lower levels. Big blocks of Commercial Leasing continue to be traded."

In addition to the block trade, Nestle saw further 25,119 shares done between Rs.1,970 and Rs.2,254.60 closing Rs.300 up at Rs.2,249.90 contributing Rs.55.8 million to turnover.

JKH too saw floor trades of nearly 0.2 million shares done between Rs.210 and Rs.212 closing 50 cents up at Rs.210.50 and contributing Rs.35.8 million to the day’s business volume.

Expolanka was the day’s biggest turnover generator on the trading floor closing flat at Rs.7.50 with over 9.3 million shares done between Rs.7.50 and Rs.7.70 generating a turnover of Rs.70 million.

Other highly traded stocks included Distilleries closing a rupee up at Rs.190 on nearly 0.2 million shares, JKH warrants (W0022) and (W0023) gaining Rs.2 and Rs.4 respectively to close at Rs.63 and Rs.75 on 0.4 million and 0.3 million warrants.

Laugfs Gas edged up 10 cents to Rs.21.60 on nearly 0.7 million shares, Kahawatte closed Rs.1.70 up at Rs,39.80 on over 0.3 million shares showing volume after some time and Dialog closed flat at Rs.9 on nearly 1.2 million shares.

LMF closed at Rs.105 on 98,502 shares while E-Channeling closed 80 cents down at Rs.11.90 on 0.7 million shares.

Central Finance announced a first interim dividend of 85 cents per share for 2013/14, XD from Dec. 17 and with payment on Dec. 19 while Vidullanka announced an interim dividend of 75 cents per share for 2013/14, XD from Dec. 17 and with payment on Dec. 27.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=93491