Daily Stock Market Update

Insights Equity · **161** Daily Stock Market Update (18.04.2019) Thu Apr 18, 2019 6:17 pm

Market ends flat amid thin trading...

Insights Equity · **162** Daily Stock Market Update (24.04.2019) Wed Apr 24, 2019 5:55 pm

Foreign buying propels CSE back to positive territory

Uaecoindubai · **163** Re: Daily Stock Market Update Wed Apr 24, 2019 7:40 pm

Uaecoindubai

Manager - Equity Analytics

Posts : 257
Join date : 2018-01-28

Maket can be recovered technically a little but fundamentally market drop should continue

Miss-Sangeetha · **164** Re: Daily Stock Market Update Thu Apr 25, 2019 12:52 am

Miss-Sangeetha

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Join date : 2016-06-27

Uaecoindubai wrote:Maket can be recovered technically a little but fundamentally market drop should continue

You are tilting towards whichever the wind blowing side

Insights Equity · **165** Daily Stock Market Update (25.04.2019) Thu Apr 25, 2019 5:11 pm

Stocks end mixed as foreign interest continues

sanjulanka · **166** Re: Daily Stock Market Update Fri Apr 26, 2019 6:41 am

Stocks end mixed as foreign interest continues

Insights Equity · **167** Re: Daily Stock Market Update Fri Apr 26, 2019 9:07 pm

Stocks end mixed as foreign interest continues

Insights Equity · **168** Daily Stock Market Update (26.04.2019) Fri Apr 26, 2019 9:53 pm

Record low turnover in CSE amid thin trading

Insights Equity · **169** Daily Stock Market Update (29.04.2019) Mon Apr 29, 2019 5:18 pm

CSE’s upward trend continues amid thin volumes

Insights Equity · **170** Daily Stock Market Update (30.04.2019) Tue Apr 30, 2019 5:36 pm

Foreign interest drives CSE higher amid thin trading

Insights Equity · **171** Daily Stock Market Update (02.05.2019) Thu May 02, 2019 5:19 pm

CSE winning streak ends amid thin volumes

Insights Equity · **172** Daily Stock Market Update (03.05.2019) Fri May 03, 2019 5:20 pm

Back-to-back declines in CSE amid low turnover

Insights Equity · **173** Daily Stock Market Update (06.05.2019) Mon May 06, 2019 6:50 pm

Losses in JKH drag down the market sharply

Insights Equity · **174** Daily Stock Market Update (07.05.2019) Tue May 07, 2019 5:29 pm

Stocks dip driven by foreign selling in Sampath

Insights Equity · **175** Daily Stock Market Update (08.05.2019) Wed May 08, 2019 5:16 pm

CSE extends losses further amid net foreign inflow

Insights Equity · **176** Daily Stock Market Update (09.05.2019) Thu May 09, 2019 7:58 pm

Stocks slide further despite foreign interest

Insights Equity · **177** Daily Stock Market Update (10.05.2019) Fri May 10, 2019 5:15 pm

Down 13 percent Ceylinco drags overall market down

Insights Equity · **178** Daily Stock Market Update (13.05.2019) Mon May 13, 2019 5:17 pm

Sri Lankan stocks continue to fall amid low volumes

Insights Equity · **179** Daily Stock Market Update (14.05.2019) Tue May 14, 2019 5:41 pm

Local selling lifts turnover in CSE

Insights Equity · **180** Daily Stock Market Update (15.05.2019) Wed May 15, 2019 5:41 pm

CSE falls for the tenth straight session amid local buying

Insights Equity · **181** Daily Stock Market Update (16.05.2019) Thu May 16, 2019 5:54 pm

Local buying in JKH lifts CSE to end losing streak

Insights Equity · **182** Daily Stock Market Update (17.05.2019) Fri May 17, 2019 6:42 pm

CSE turnover reaches three-week high amid local buying

Insights Equity · **183** Daily Stock Market Update (21.05.2019) Tue May 21, 2019 5:21 pm

Stocks rise for the third consecutive day amid local buying

Insights Equity · **184** Daily Stock Market Update (22.05.2019) Wed May 22, 2019 6:47 pm

Sri Lankan stocks edge up amid thin volumes

Teller · **185** Re: Daily Stock Market Update Fri May 24, 2019 7:18 pm

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Good job

fireshelter

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Shares rose on Friday in high turnover and closed at their highest in 10 months, as investors took positions two weeks ahead of presidential polls, analysts said.

Housing Minister and one of the two presidential front-runners Sajith Premadasa, on Thursday, announced his election manifesto, which is seen by analysts as a “broader policy framework”. His close rival Gotabaya Rajapaksa has pledged a tax overhaul that would reduce tax to 8% from the current 15% and abolish many taxes.

Many political analysts Reuters spoke to have said the tight race between the two presidential candidates was still on.

The benchmark stock index ended 0.7% firmer at 6,032.08, its highest close since 4 January. The index rose 1.6% for the week in its fourth weekly gain, but is down 0.34% for the year.

Financial and telecom stocks were among the top gainers, with Ceylon Tobacco Company PLC jumping 4.6%, while Distilleries Company of Sri Lanka rose 2.9%, Hemas Holdings PLC finished up 0.62% and Sri Lanka Telecom PLC ended 1.9% firmer.

The rupee ended 0.03% weaker at 181.10/25 per dollar, compared with Thursday's close of 181.05/30. The currency is up 0.83% so far this year.

Foreign investors were net sellers of riskier assets for the seventh straight session on Thursday.

They sold net Rs. 123.5 million ($ 681,944) worth of shares, extending the year-to-date net foreign selling to Rs. 4.44 billion of equities, according to index data.

Equity market turnover was Rs. 1.79 billion ($ 9.88 million), nearly three times of this year's daily average of about Rs. 667.6 million. Last year's daily average was Rs. 834.0 million.

Meanwhile, foreign investors bought Government securities on a net basis for the first time in three weeks, buying a net Rs. 1.97 billion worth of Government securities in the week ended 23 October.

Total foreign outflows from Government securities through 23 October stood at Rs. 53.63 billion, according to Central Bank data.

Central Bank left its key rates unchanged on 11 October after loosening policy earlier this year, although growth is likely to remain subdued as the economy faces rising global risks

ChooBoy · **187** Re: Daily Stock Market Update Mon Nov 04, 2019 7:50 am

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Point of View

Equity markets continued to rally this week as positive earnings releases for the September quarter along with the election manifestos by main presidential candidates (which helped shed light on their future policy direction) boosted investor sentiment. The benchmark ASPI consequently gained ~97 points over the week (1.6 percent W-o-W) to cross the 6,000 mark, 2 weeks ahead of Election Day. Investor interest in CTC, DIAL, SLTL, and CARS collectively contributed 47 percent to the Index’s weekly gain, as ASPI hit a 10-month high this week to close at 6,032.08 points on Friday. This week’s rally contributed to the ~252 point (4.4 percent M-o-M) gain over October, which has subsequently pared down the YTD loss on the index to 0.3 percent cf. to 1.9 percent last week.

The positive momentum also led to a steady increase in turnover levels this week, with daily turnover touching a 6-week high of Rs. Rs.1.8Bn on Friday amid heavy local HNI and institutional buying interest in JKH and SEYB. Consequently, HNI and institutional participation improved this week, accounting for 31 percent (cf. 17 percent last week) of the market’s total turnover for the week. Crossings in banking sector stocks (SEYB, COMB, and SAMP) accounted for 44 percent of total crossings this week while heavy buying interest was also visible in JKH (38 percent of crossings), DIAL (12 percent of crossings), CINS and LION. Average daily turnover levels for the week consequently reached Rs.0.97Bn relative to last week’s average daily turnover of Rs.0.80Bn.

Meanwhile, despite the US Fed cutting rates for the 3rd time this year, foreign investors returned to a net selling position on the Colombo bourse this week as net outflows from domestic equities totaled ~Rs. 480Mn (cf. an inflow of Rs. 31Mn last week). The YTD net foreign outflow consequently increased to Rs. 4.5Bn from Rs.4.0Bn last week. Markets in the week ahead are likely to take direction both from ongoing September quarter earnings season and developments on the political front ahead of the Nov’16th Presidential elections.

Urban Inflation Edges Up

Sri Lanka’s urban inflation levels edged up slightly over October, rising to 5.4 percent Y-o-Y (cf. 5 percent Y-o-Y in Sept’19) due to the seasonality impact from food prices. Food prices (which are typically volatile) rose to 6.8 percent Y-o-Y in Oct’19, sharply higher than the 3.0 percent Y-o-Y in Sep’19.

However, Non food inflation over the month decreased to 4.8 percent Y-o-Y (from 5.7 percent Y-o-Y in Sep’19) helping keep overall inflation levels broadly in check. In a new report on Asia-Pacific (APAC) frontier market sovereigns meanwhile, Fitch ratings highlighted the rising divergence between Vietnam and its peers such as Sri Lanka, Mongolia & Pakistan.

The rating agency noted that compared to its APAC FM peers who have faced heightening external vulnerabilities, Vietnam has a ‘lengthening record of macroeconomic stability’ driven by strong FDIs (especially into the Manufacturing sector) and steady export growth.

Fitch noted further that while improving export performance would help Sri Lanka meet its heavy external debt repayments, the country’s exports as a percentage of its GDP over 2011-18 has fallen compared to peers such as Vietnam. The agency noted further that Sri Lanka’s policy environment has improved post the Oct’18 political crisis and that the recovery in tourism post the April’19 terror attacks have been faster-than-anticipated while near-term external and fiscal financing constraints have eased with the resumption of the country’s IMF program and sovereign bond issuance of $4.4Bn.

Fitch cautioned however that external debt service obligations remain high, as Sri Lanka’s external debt commitments over 2020-2023 are ~$19Bn compared to its foreign exchange reserves to $7.6Bn. Meanwhile, in a widely anticipated move, the US Fed cut policy rates for the 3rd time this year, reducing the benchmark funds rate by 25Bps to a range of 1.5-1.75 percent as growth in the world’s largest economy continues to slow amid ongoing trade disputes and weak global growth.

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ECONOMYNEXT- Sri Lanka stocks closed 0.57 percent lower on Wednesday, dragged down by telcos Dialog Axiata and Sri Lanka Telecom, provisional data showed.
Colombo All Share Price Index (ASPI) closed 33.91 points down on 5,956.52, retreating for the third day.
The index reached an intra-day high of 5,998.37 in the first hour of trading before reaching a daily low of 5,951.67 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.75 percent or 22.40 points down at 2,958.70.
Market turnover was 953 million rupees with 25 stocks gaining and 110 declining.
Private telco Dialog Axiata closed 20 cents down at 12.50 rupees a share, contributing most to the fall of the ASPI.
The state-owned Sri Lanka Telecom fell 90 cents to 31.90 rupees a share while Distilleries Company of Sri Lanka fell 30 cents to 17.20 rupees a share, also pushing the ASPI down. (Colombo/November 06/2019)

fireshelter

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Sri Lanka’s equities market retreated for the fourth day, closing 0.41 percent lower with selling in banking and finance stocks, provisional data showed.
Colombo’s All Share Price Index (ASPI) closed 24.45 points down at 5,932.07 after rising to a daily-high of 5,958.74 in mid-morning, before falling continuously to close at a daily-low.
The S&P SL20 Index closed 0.77 percent or 22.91 points down at 2,935.32.
Market turnover was 599.7 million rupees, with 29 stocks gaining and 111 falling.
Banking and finance stocks closed 0.63 percent lower.
Commercial Leasing and Finance closed 20 cents down at 3.50 rupees a share, contributing most to the ASPI fall.
Sampath Bank, the most active for the day, closed 2.70 rupees down at 165.10 rupees a share and diversified Hemas Holdings closed 1.70 rupees down at 81.30 rupees a share, also pushing the ASPI down. (Colombo/Nov07/2019)

Quibit · **190** Re: Daily Stock Market Update Sun Nov 10, 2019 9:53 pm

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REUTERS: Sri Lankan shares edged higher yesterday, snapping a four-day losing streak, as investors picked up banking and beverage shares ahead of the presidential vote on November 16.

The country’s main Tamil party on Thursday announced their support for Sajith Premadasa, the housing minister and one of the two presidential front-runners, giving him an edge over his rival Gotabaya Rajapaksa.

There are growing concerns over giveaways promised by the two top presidential candidates after officials and a credit rating agency warned that their pledges could push the country deeper into debt.

The International Monetary Fund approved the release of sixth tranche of a US $ 1.5 billion loan programme for Sri Lanka, but asked the authorities to show fiscal discipline. Sajith Premadasa has promised free housing for all, free school uniforms and meals for students, and free fertilizer for farmers among other things.

Gotabaya Rajapaksa has vowed to cut in half a value added tax of 15 percent and abolish some taxes as a way to reignite consumption.

The benchmark stock index ended 0.38 percent firmer at 5,954.62, although it rounded off the week with a 1.3 percent drop, ending a four-week run of gains. The index is down 1.62 percent for the year.

Political analysts say the leading candidates are locked in a tough fight, although Sajith Premadasa has been gaining at grass-root level due to his poverty elimination policies and support from minorities.

Beverage and banking stocks were among the top gainers, with Ceylon Tobacco Company PLC rising 3.7 percent, Commercial Bank of Ceylon PLC 1.7 percent, conglomerate John Keells Holdings PLC 0.33 percent and Sampath Bank PLC

1.1 percent. The rupee ended 0.11 percent firmer at 180.50/65 per dollar, compared with Thursday’s close of 180.70/181.00. The currency is up 1.2 percent so far this year.

Foreign investors were net sellers of riskier assets in 12 out of 13 sessions yesterday.

They sold a net Rs.11.4 million worth of shares yesterday, extending the net foreign outflow from the equities market to Rs.5.79 billion for the year, according to index data.

Equity market turnover was Rs.722.6 million, more than this year’s daily average of about Rs.680.7 million. Last year’s daily average was Rs.834 million.

Meanwhile, foreign investors bought government securities on a net basis for the third time in five weeks, buying a net Rs.1.88 billion worth of government securities in the week ended November 6.

Total foreign outflows from government securities through November 6 stood at Rs.50.2 billion, Central Bank data said.

The Central Bank left its key rates unchanged on October 11 after loosening its monetary policy this year. However, growth is likely to remain subdued in the face of rising global risks.

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Daily Stock Market Update

161 Daily Stock Market Update (18.04.2019) Thu Apr 18, 2019 6:17 pm

Insights Equity

Market ends flat amid thin trading...

162 Daily Stock Market Update (24.04.2019) Wed Apr 24, 2019 5:55 pm

Insights Equity

Foreign buying propels CSE back to positive territory

163 Re: Daily Stock Market Update Wed Apr 24, 2019 7:40 pm

Uaecoindubai

164 Re: Daily Stock Market Update Thu Apr 25, 2019 12:52 am

Miss-Sangeetha

165 Daily Stock Market Update (25.04.2019) Thu Apr 25, 2019 5:11 pm

Insights Equity

Stocks end mixed as foreign interest continues

166 Re: Daily Stock Market Update Fri Apr 26, 2019 6:41 am

sanjulanka

Stocks end mixed as foreign interest continues

167 Re: Daily Stock Market Update Fri Apr 26, 2019 9:07 pm

Insights Equity

Stocks end mixed as foreign interest continues

168 Daily Stock Market Update (26.04.2019) Fri Apr 26, 2019 9:53 pm

Insights Equity

Record low turnover in CSE amid thin trading

169 Daily Stock Market Update (29.04.2019) Mon Apr 29, 2019 5:18 pm

Insights Equity

CSE’s upward trend continues amid thin volumes

170 Daily Stock Market Update (30.04.2019) Tue Apr 30, 2019 5:36 pm

Insights Equity

Foreign interest drives CSE higher amid thin trading

171 Daily Stock Market Update (02.05.2019) Thu May 02, 2019 5:19 pm

Insights Equity

CSE winning streak ends amid thin volumes

172 Daily Stock Market Update (03.05.2019) Fri May 03, 2019 5:20 pm

Insights Equity

Back-to-back declines in CSE amid low turnover

173 Daily Stock Market Update (06.05.2019) Mon May 06, 2019 6:50 pm

Insights Equity

Losses in JKH drag down the market sharply

174 Daily Stock Market Update (07.05.2019) Tue May 07, 2019 5:29 pm

Insights Equity

Stocks dip driven by foreign selling in Sampath

175 Daily Stock Market Update (08.05.2019) Wed May 08, 2019 5:16 pm

Insights Equity

CSE extends losses further amid net foreign inflow

176 Daily Stock Market Update (09.05.2019) Thu May 09, 2019 7:58 pm

Insights Equity

Stocks slide further despite foreign interest

177 Daily Stock Market Update (10.05.2019) Fri May 10, 2019 5:15 pm

Insights Equity

Down 13 percent Ceylinco drags overall market down

178 Daily Stock Market Update (13.05.2019) Mon May 13, 2019 5:17 pm

Insights Equity

Sri Lankan stocks continue to fall amid low volumes

179 Daily Stock Market Update (14.05.2019) Tue May 14, 2019 5:41 pm

Insights Equity

Local selling lifts turnover in CSE

180 Daily Stock Market Update (15.05.2019) Wed May 15, 2019 5:41 pm

Insights Equity

CSE falls for the tenth straight session amid local buying

181 Daily Stock Market Update (16.05.2019) Thu May 16, 2019 5:54 pm

Insights Equity

Local buying in JKH lifts CSE to end losing streak

182 Daily Stock Market Update (17.05.2019) Fri May 17, 2019 6:42 pm

Insights Equity

CSE turnover reaches three-week high amid local buying

183 Daily Stock Market Update (21.05.2019) Tue May 21, 2019 5:21 pm

Insights Equity

Stocks rise for the third consecutive day amid local buying

184 Daily Stock Market Update (22.05.2019) Wed May 22, 2019 6:47 pm

Insights Equity

Sri Lankan stocks edge up amid thin volumes

185 Re: Daily Stock Market Update Fri May 24, 2019 7:18 pm

Teller

186 Shares post 10-month closing high; rupee edges down Sun Nov 03, 2019 10:53 pm

fireshelter

187 Re: Daily Stock Market Update Mon Nov 04, 2019 7:50 am

ChooBoy

188 Sri Lanka Stocks retreat for third day on telcos Wed Nov 06, 2019 10:44 pm

fireshelter