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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Block trades in Sampath drive turnover, market flat

Block trades in Sampath drive turnover, market flat

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sriranga

sriranga
Co-Admin
COLOMBO, Dec 18 (Reuters) - Sri Lankan stocks ended steady on Wednesday, hovering at a more than one-week high as gains in diversified shares were offset by losses in beverage, food and tobacco shares, while foreign inflows helped boost sentiment.

The main stock index ended 0.12 points weaker at 5,811.76, remaining near its highest close since Dec. 9.

Analysts said the market could witness a rally in the near future as the possibility of retail investors returning to risky assets is increasing due to falling interest rates.

Yields in 91-day and 182-day treasury bills dropped 12 basis points and 29 bps, respectively, at a weekly auction on Wednesday, while 364-day T-bill yield fell 62 bps . All T-bill yields fell to more than two-year lows.

Shares in Ceylon Tobacco Co Plc lost 2.35 percent to 1,123 rupees, while market heavyweight John Keells Holdings gained 0.65 percent to 217.40 rupees.

Foreign investors bought a net 60.5 million rupees worth of shares on Wednesday, extending the net foreign inflows into the bourse to 22.55 billion rupees so far this year.

The day's turnover was 592.6 million rupees ($4.5 million), lower than this year's daily average of 836.7 million rupees.

($1 = 130.8250 Sri Lanka rupees)

(Reporting by Shihar Aneez)

(shihar.aneez@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net twitter.com/shiharaneez)
http://www.xe.com/news/2013/12/18/3728013.htm

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

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka stocks close flat

Dec 18, 2013 (LBO) - Sri Lanka stocks close flat Wednesday with diversified stocks losing ground, brokers said.

The Colombo benchmark All Share Price Index closed 0.12 points lower at 5,811.76, down 0.00 percent. The S&P SL20 closed 2.16 points lower at 3,191.71, down 0.07 percent.


Turnover was 592.56 million rupees, down from 1.27 billion rupees a day earlier, with stocks of 71 firms closing in the red against 77 gainers.

Sampath Bank closed 90 cents lower at 168.10 rupees with off market transactions of 222 million rupees contributing to 37 percent of total turnover.

JKH closed 1.40 rupees higher at 217.40 rupees attracting most number of trades during the day.

JKH’s W0022 warrants closed 1.80 rupees higher at 64.80 rupees and it’s W0023 warrants closed 1.70 rupees higher at 76.90 rupees also attracting the retail investor interest.

Foreigners bought 354 million rupees worth shares while selling 294 million rupees of shares.

Ceylon Tobacco Company closed 27.00 rupees lower at 1,123.00 rupees and Carson Cumberbatch closed 6.40 rupees lower at 350.00 rupees, contributing most to the index drop.

Nestle Lanka closed 18.70 rupees higher at 2,118.90 rupees and Hayleys closed 7.70 rupees higher at 292.80 rupees.

Distilleries closed flat at 190.00 rupees and Cargills Ceylon also closed flat at 148.50 rupees.

Aitken Spence closed 1.80 rupees higher at 101.80 rupees and Aitken Spence Hotel Holdings also closed 1.80 rupees higher at 66.80 rupees.

Asian Hotels and Properties closed flat at 62.40 rupees and Bukit Darah closed 5.50 rupees lower at 614.50 rupees.
www.lbo.lk

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The Colombo bourse closed virtually flat yesterday with both indices losing a fraction of a point each and 40% of the day’s turnover coming off two block trades in Sampath contributing Rs.222 million to business volumes.

Turnover at Rs.592.6 million was down from the previous day’s Rs.1.27 billion with the All Share Price Index losing 0.12 points (zero %) and S&P SL20 down 0.98 points (0.03%) with 98 gainers outpacing 66 losers while 157 counters closed flat.

"The ASPI partially recovered intraday losses to end flat amid a drop in market turnover which was centered around trades on banking, diversified, and healthcare counters, inclusive of block trades," John Keells Stock Brokers said.

Sampath saw over 1.3 million shares crossed at Rs.167 in two parcels in deals worth Rs.222 million while JKH saw a single parcel of over 0.1 million shares crossed at Rs.218 contributing Rs.31.4 million to turnover.

Commercial Bank (voting) was the most traded stock on the floor closing 10 cents up at Rs.119 on over 0.5 million shares done between Rs.118 and Rs.119 contributing Rs.60.8 million to turnover with Asiri finishing number two on the turnover league closing 20 cents down at Rs.16.10 on over 2.6 million shares done between Rs.16 and Rs.16.30 contributing Rs.42.1 million to turnover.

JKH closed Rs.2 up at Rs.218 on nearly 0.2 million shares done on the floor between Rs.215.20 and Rs.220 contributing Rs.34.7 million to turnover.

Brokers said that retail activity was very slow. Most investors were awaiting news from the US FED on a possible tapering of the stimulus package with this decision expected to affect foreign activity on the CSE.

Other counters that showed volume included Seylan Bank (voting) closing a rupee down at Rs.64.10 on nearly 0.5 million shares, Sampath Bank closing a rupee down at Rs.168 on nearly 0.2 million shares and Distilleries closing flat at Rs.199 on nearly 0.1 million shares.

JKH warrants (W0022) closed Rs.2.50 up at Rs.65.50 on over 0.1 million while Commercial Bank (non-voting) closed 30 cents down at Rs.90 on 69,700 shares.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=94267

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
"Brokers said that retail activity was very slow. Most investors were awaiting news from the US FED on a possible tapering of the stimulus package with this decision expected to affect foreign activity on the CSE."

http://www.bloomberg.com/news/2013-12-19/asian-stocks-rise-after-fed-begins-tapering-u-s-stimulus.html

will green come to us.?No.
We have to wait till it's decided to give us green.

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