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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks fall from 6-week high

Sri Lanka stocks fall from 6-week high

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1Sri Lanka stocks fall from 6-week high Empty Sri Lanka stocks fall from 6-week high Fri Dec 20, 2013 6:09 pm

sriranga

sriranga
Co-Admin
COLOMBO, Dec 20 (Reuters) - Sri Lankan stocks fell on Friday from their six-week closing high in the previous session, led by financials amid foreign investor selling in conglomerate Aitken Spence PLC.

The main stock index dropped 0.16 percent, or 9.64 points, to 5,857.36. On Thursday, it had closed at its highest level since Nov. 7.

Shares in Aitken Spence fell 6.12 percent to 95.10 rupees.

Foreign investors sold a net 300.4 million rupees ($2.30 million) worth of shares on Thursday, but the bourse has witnessed a net foreign inflows of 22.25 billion rupees so far this year.

Analysts expect the market to 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.

The day's turnover was 1.06 billion rupees, higher than this year's daily average of 836.5 million rupees.

($1 = 130.7500 Sri Lanka rupees)

(Reporting by Shihar Aneez; Editing by Subhranshu Sahu)

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

(Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net)(twitter.com/shihara neez)
http://www.xe.com/news/2013/12/20/3733789.htm?c=1&t=

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

2Sri Lanka stocks fall from 6-week high Empty Sri Lanka stocks fall from 6-week high Fri Dec 20, 2013 6:09 pm

Redbulls

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

Dec 20, 2013 (LBO) – Sri Lanka stocks close down Friday with diversified and insurance sector stocks falling, brokers said.

The Colombo benchmark All Share Price Index closed 9.64 points lower at 5,857.36, down 0.16 percent. The S&P SL20 closed 3.71 points higher at 3,228.17, up 0.12 percent.

Turnover was 1.05 billion rupees, up from 567.36 million rupees a day earlier, with stocks of 75 firms closing in the red against 88 gainers.

Aitken Spence topped the turnover list with market transactions of 344 million rupees contributing to 32 percent of total turnover.

JKH’s W0022 warrants closed 80 cents higher at 68.50 rupees and it’s W0023 warrants closed 2.70 rupees higher at 82.50 rupees attracting most number of trades during the day.

Foreigners bought 195 million rupees worth shares while selling 495 million rupees of shares.

Aitken Spence closed 6.20 rupees lower at 95.10 rupees and Ceylinco Insurance closed 120.00 rupees lower at 1230.00 rupees, contributing most to the index drop.

Lanka Orix Leasing Company closed 2.70 rupees lower at 72.80 rupees and JKH closed 2.50 rupees higher at 223.00 rupees.

Distilleries closed 2.90 rupees higher at 195.00 rupees and Ceylon Tobacco Company closed 3.20 rupees higher at 1,144.00 rupees.

Carson Cumberbatch closed flat at 350.00 rupees and Bukit Darah closed 1.10 rupees higher at 620.00 rupees.

Nestle Lanka closed 13.60 rupees lower at 2,105.30 rupees and Cargills Ceylon closed flat at 148.00 rupees.

Aitken Spence Hotel Holdings closed 1.70 rupees lower at 65.20 rupees and Asian Hotels and Properties closed 60 cents higher at 64.00 rupees.

DFCC closed 2.00 rupees higher at 128.00 rupees and NDB closed flat at 160.00 rupees.

HNB closed 40 cents higher at 142.40 rupees and Sampath Bank closed 1.20 rupees lower at 170.30 rupees.
www.lbo.lk

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