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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks close up 0.9-pct

Sri Lanka stocks close up 0.9-pct

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1Sri Lanka stocks close up 0.9-pct Empty LSL Market Review – 22nd Jan 2014 Wed Jan 22, 2014 5:08 pm

sriranga

sriranga
Co-Admin
Colombo equity market closed in positive note on Wednesday, where benchmark index advanced by 59.13 points (+0.96%) to close at 6,212.67 and S&P SL 20 index advanced by 30.09 points (+0.88%) to close at 3,458.25.

Price appreciations in primary blue chips such as Ceylon Tobacco (closed at LKR 1,230.00, +2.3%), John Keells Holdings (closed at LKR 249.40, +1.0%), Chevron Lubricants (closed at LKR 294.40, +3.7%) and Commercial Bank (closed at LKR 128.00, +0.6%).

Out of the 258 actively traded stocks, 172 closed with gains while 52 closed with negative returns. Cash map ended at 54%.

JKH topped the contribution list
The market turnover was LKR 1.4bn. John Keells Holdings emerged as the top contributor to the market turnover (LKR 241mn) followed by Chevron Lubricants (LKR 137mn) and Commercial Bank (LKR 115mn). Three crossings in Commercial Bank (approx. 0.4mn shares at LKR 128.00), Chevron Lubricants (approx. 0.5mn shares at LKR 282.00) and Hayleys (0.1mn shares at LKR 297.00) contributed a total of LKR 206mn to the market turnover (15%).

Heavily traded stocks: TFC non-voting and TWOD
The Finance non-voting further managed to attract retail investor interest to close at LKR 8.20 (+2.5%). Moreover, Touchwood Investments, Expo Lanka, and Seylan Merchant Bank traded heavily during the day. Expo Lanka (closed at LKR 9.00, +7.1%) and Seylan Merchant Bank (closed at LKR 1.30, +30%) reached new 52wk high prices. Further, 16 counters touched the 52wk high price levels during the trading session.


T-Bill rates remain steady
Weekly Treasury bill auction witnessed the 6-month and 12-month tenor rates staying steady as last week’s rates of 7.02% and 7.15% respectively. 3-month rate just drifted down by 2.0 basis points to stand at 6.84%.

In addition, Central Bank Governor Ajith Nivard Cabral has stated to Bloomberg newswires that Sri Lanka’s interest rates are at an appropriate level and the CB probably will keep borrowing costs steady for the next three to six months.


Second consecutive days of net foreign inflows
Foreign investors were net buyers with a net inflow of LKR 291mn where foreign participation accounted for 32% of the market activity. Foreign net inflows were reported in counters such as John Keells Holdings (LKR 216mn), Commercial Bank (LKR 80mn) and Expo Lanka (LKR 23mn) while net outflows were reported in counters such as Textured Jersey (LKR 54mn) and Kingsbury Hotel (LKR 7mn).

Furthermore, Cargills announced that they have been granted a license for commercial banking operations by the central bank under ‘Cargills Bank Limited’.

Sri Lanka stocks close up 0.9-pct For20

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

2Sri Lanka stocks close up 0.9-pct Empty Sri Lanka stocks close up 0.9-pct Wed Jan 22, 2014 5:08 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Jan 22, 2014 (LBO) – Sri Lanka stocks close up 0.96 percent reversing Tuesday’s losses with tobacco and diversified stocks gaining amid net foreign buying, brokers said.

The Colombo benchmark All Share Price Index closed 59.13 points higher at 6,212.67, up 0.96 percent. The S&P SL20 closed 30.10 points higher at 3,458.26, up 0.88 percent.

Turnover was 1.39 billion rupees, up from 414.14 million rupees a day earlier, with stocks of 60 firms closing in the red against 140 gainers.

JKH topped the turnover list with market transactions of 240.77 million rupees contributing to 17 percent of the total turnover today.

Chevron Lubricants ended 10.40 rupees higher at 294.40 rupees with an off market transaction of 126.68 million rupees contributing to 9 percent of the turnover.

The Finance Company closed 60 cents higher at 14.30 rupees and S M B Leasing closed 30 cents higher at 1.30 rupees, attracting most number of trades during the session.

Foreigners bought 597 million rupees worth shares while selling 307 million rupees of shares.

Ceylon Tobacco Company closed 24.00 rupees higher at 1,226.00 rupees and JKH closed 2.50 rupees higher at 249.50 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 4.20 rupees higher at 84.30 rupees and its W0023 warrants closed 4.70 rupees higher at 89.90 rupees.

Commercial Bank closed 1.30 rupees higher at 128.50 rupees and Nation Lanka Finance closed 40 cents higher at 8.70 rupees.

Cargills Ceylon closed 10 cents lower at 145.00 rupees amid its banking venture Cargills Bank Limited getting the license for commercial banking operations from Tuesday.

Nestle Lanka ended 5.50 rupees higher at 2,130.50 rupees and Distilleries closed 3.40 rupees higher at 203.40 rupees.

Carson Cumberbatch ended 9.10 rupees lower at 359.00 rupees and Bukit Darah closed 2.70 rupees lower at 612.30 rupees.

People’s Leasing and Finance ended 70 cents higher at 15.00 rupees.

3Sri Lanka stocks close up 0.9-pct Empty Re: Sri Lanka stocks close up 0.9-pct Wed Jan 22, 2014 6:06 pm

econ

econ
Global Moderator
as usual market up due to foreign buying of JKH..

4Sri Lanka stocks close up 0.9-pct Empty Top 10 Foreign Purchase/Sales 2014-1-22 Wed Jan 22, 2014 7:09 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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