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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post
STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post




Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

Latest topics

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Hope123 Today at 5:22 am

» Losing GSP+: Petty political revenge or Sri Lanka's economy?
by soileconomy Today at 5:09 am

» A penny share that might work out in near future
by madukp Today at 3:48 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Hairoos Yesterday at 10:06 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 9:06 pm

» PANASIAN POWER PLC (PAP.N0000)
by Good bad Yesterday at 8:29 pm

» Directors' Dealings 14/06/2021
by SAGA Yesterday at 6:59 pm

» TOP 10 Dividend Stocks
by lakmin Yesterday at 5:56 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Captain Yesterday at 5:37 pm

» Top Foreign Trading today - 14/06/2021
by SAGA Yesterday at 5:19 pm

» LANKA IOC PLC (LIOC.N0000)
by Pradeep90 Yesterday at 3:37 pm

» HATTON NATIONAL BANK PLC
by Eranx Yesterday at 12:24 pm

» ජිනීවා චන්දෙන් පසු හෙට මොකක් වෙයි ද ?
by samaritan Yesterday at 12:22 pm

» BUKI price comeing down
by Zahara khan Yesterday at 10:36 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by arunaupendra Yesterday at 9:21 am

» Understanding inflation and share prices.
by dayandacool Yesterday at 6:53 am

» Stocks rose across Asian Markets after China & US agree to push forward trade, investment ties
by Wickyz Yesterday at 1:51 am

» Adani's entry followed by Indian CEOs discussion with Minister ANC
by Wickyz Yesterday at 1:30 am

» E B CREASY & COMPANY PLC (EBCR.N0000)
by Saman12 Yesterday at 12:08 am

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by SAGA Sun Jun 13, 2021 2:19 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


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Late buying rally props Bourse to 34-month high

Late buying rally props Bourse to 34-month high

Go down  Message [Page 1 of 1]

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
The Colombo stock market yesterday managed to close on the up thanks to a late rally in buying, which also saw turnover crossing Rs. 1 billion.
In early hours the benchmark All Share Index was down 32 points but posted a rebound ending the day with a near 40-point gain.
Turnover amounted to Rs. 1.4 billion, up from Rs. 904 million on Monday.
NDB Securities said institutional and high net worth investor activity continued to drive the market activity with crossings in blue chip counters.
The gains were mainly underpinned by price progressions in Carson Cumberbatch (closed at Rs. 490, +4.7%), Sri Lanka Telecom (closed at Rs. 56.50, +2.2%) and Ceylinco Insurance (closed at Rs. 1,425.00, +6%).
The S&P SL20 remained positive throughout the day with gains of near 26 points or 0.68%. Bukit Darah topped the turnover list with Rs. 290 million followed by John Keells Holdings (Rs. 267 million) and Ceylon Guardian Investment (Rs. 60 million).
Lanka Securities said gainers offset losers 155 to 83, while 49 counters remained unchanged. Cash map declined to 50% from 67%; 41 counters reached 52-week high price levels.
Reuters reported stocks hit a 34-month closing high on Tuesday, led by banking shares as local investors shifted funds from fixed income to riskier assets in view of the low interest rates.
“The market looks positive. If it continues to go up beyond 6,900 points, we may see a correction with profit-taking,” said a stockbroker asking not to be named.
The share index has gained 6.55% so far this month.
Foreign investors were net buyers of Rs. 213.1 million worth of shares on Tuesday, extending the year-to-date net foreign inflow to Rs. 10 billion in shares.
The market is on the rise because investors have few options in other instruments as yields of treasury bills and the Central Bank’s key monetary policy rates have fallen to multi-year lows amid continued foreign buying. Yields on Treasury bills edged down further at a weekly auction on Wednesday.
Reuters said the index is in the overbought region since 3 July. It has risen 14.94% so far this year.
Lower interest rates have prompted local investors to buy shares and move away from unattractive fixed assets, Reuters said quoting unnamed analysts. Analysts said foreigners have been buying risky assets because they see value in them. (SAA)

http://www.ft.lk/2014/07/23/late-buying-rally-props-bourse-to-34-month-high/

Back to top  Message [Page 1 of 1]

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