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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» What will happen tomorrow?
by keen Today at 3:12 am

» "MFL" DEAL to 12 RS (multi finance plc)
by Wickyz Yesterday at 3:00 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Sat May 08, 2021 6:53 pm

» Sri Lanka Investment Forum 2021
by samaritan Sat May 08, 2021 1:06 pm

» Related party transactions in Banks cause concerns
by ChooBoy Fri May 07, 2021 10:59 pm

» Daily Foreign Transactions
by Pradeep90 Fri May 07, 2021 10:24 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Lotus Eater Fri May 07, 2021 9:34 pm

» Principal governmental and regulatory policies that govern the banking sector in Sri Lanka
by Lotus Eater Fri May 07, 2021 9:18 pm

» Ban of chemical fertilizers is a great news
by ADVENTUS Fri May 07, 2021 6:29 pm

» DIPD/HAYC/HAYL
by ADVENTUS Fri May 07, 2021 1:11 pm

» Peoples leasing technically positive Target Price Rs 20
by Eranx Fri May 07, 2021 11:30 am

» PEOPLE'S LEASING & FINANCE PLC
by Eranx Fri May 07, 2021 11:29 am

» GLAS will be winner with Super Gain.
by Promoney Thu May 06, 2021 10:30 pm

» What happens in the market is absolutely 100% out of your control. Stock market for beginners
by Asoka Samarakone Thu May 06, 2021 9:45 pm

» Synergies of possible merger between Sampath Bank and PABC
by CHRONICLE™ Thu May 06, 2021 5:42 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Thu May 06, 2021 1:50 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Thu May 06, 2021 10:42 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Wed May 05, 2021 11:51 pm

» Growing Fear
by Wickyz Wed May 05, 2021 8:15 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Wed May 05, 2021 3:31 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

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ASPI regains positive momentum- Acuity Stock Brokers

ASPI regains positive momentum- Acuity Stock Brokers

Go down  Message [Page 1 of 1]

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
ASPI regains positive momentum- Acuity Stock Brokers



Monday, September 14, 2020 - 01:00

Print Edition
Finance
ASPI regains positive momentum- Acuity Stock Brokers Z_p18-ASPI

The Bourse ended the week on a positive note as the ASPI increased by 127.49 points (or 2.40%) to close at 5,438.91 points, while the S&P SL20 Index also increased by 37.67 points (or 1.62%) to close at 2,359.24 points.
Turnover & Market Capitalization
JKH was the highest contributor to the week’s turnover value, contributing LKR 2.92Bn or 30.91% of the total turnover value. Expolanka followed suit, accounting for 4.76% of turnover (value of LKR 0.45Bn) while Sampath contributed LKR 0.39Bn to account for 4.15% of the week’s turnover. Total turnover value amounted to LKR 9.45Bn (cf. last week’s value of LKR 5.30Bn), while daily average turnover value amounted to LKR 1.89Bn (42.75% W-o-W) compared to last week’s average of LKR 1.32Bn. Market capitalization meanwhile, increased by 2.40% W-o-W (or LKR 55.41Mn) to LKR 2,363.82Bn cf. LKR 2,308.41Bn last week.
Liquidity (in Value Terms)
The Capital Goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 42.66% (or LKR 4.03Bn) of market turnover. Industry Group’s turnover was driven primarily by JKH & Access Engineering which accounted for 80.35% of the sector’s total turnover. The Food beverage & Tobacco Industry Group meanwhile accounted for 14.73% (or LKR 1.39Bn) of the total turnover value, with turnover driven primarily by Ceylon Tobacco & Browns Investments which accounted for 28.95% of the sector turnover. The Banks Industry Group was also amongst the top sectorial contributors, contributing 13.27% (or LKR 1.25Bn) to the total turnover, with turnover driven primarily by Sampath, Commercial Bank & HNB accounting for 64.65% of the total turnover.
Liquidity (in Volume Terms)
The Food Beverage & Tobacco Industry Group dominated the market in terms of share volume, accounting for 27.16% (or 140.86Mn shares) of total volume, with a value contribution of LKR 1.39Bn. The Capital Goods Industry Group followed suit, adding 16.69% to total turnover volume as 86.56Mn shares were exchanged. The Industry Group’s volume accounted for LKR 4.03Bn of total market turnover value. The Materials Industry Group meanwhile, contributed 70.13Mn shares (or 13.52%), amounting to LKR 1.02Bn.
Top Gainers & Losers
Blue Diamonds [NV] was the week’s highest price gainer; increasing 50.0% W-o-W from LKR0.20 to LKR0.30 while SMB Leasing [NV] (+50% W-o-W), Blue Diamonds (+40.0% W-o-W) and Unisyst (+29.1% W-o- W) were also amongst the top gainers.
Eden Hotel Lanka was the week’s highest price loser; declining 11.5% W-o-W to close at LKR11.50. Bimputh Finance (-10.9% W-o-W), E B Creasy (-9.1% W-o-W) and Lighthouse Hotel (-7.0% W-o-W) were also amongst the top losers over the week.
Foreign investors closed the week in a net selling position with total net outflow amounting to LKR 1.96Bn relative to last week’s total net outflow of LKR 1.32Bn (-48.9% W-o-W).



Total foreign purchases increased by 8.5% W-o-W to LKR 0.35Bn from last week’s value of LKR 0.32Bn, while total foreign sales amounted to LKR 2.31Bn relative to LKR 1.64Bn recorded last week (41.0% W-o-W). In terms of volume, Lankem Dev. & Renuka Agri led foreign purchases while JKH & Dialog Axiata led foreign sales. In terms of value, Lankem Dev. & Three Acre Farms led foreign purchases while JKH & Ceylon Tobacco led foreign sales.
Dividend Announcements
Company DPS (Rs.) Type XD Date; ASIRI HOSPITAL HOLDINGS PLC 0.800 First Interim 22-09-2020 ASIRI SURGICAL HOSPITAL PLC 0.250 First Interim 22-09-2020.
Key Economic Indicators July: Prime Lending Rate of 7.79%, Ave. Wtd. Deposit Rates 7.16%, Ave. Wtd. Fixed Dep. Rates 8.69%, CCPI Inflation Y-o-Y % (Base 2013) 4.2%.
Point of View
Sri Lankan equities regained its positive momentum this week as the broad share index snapped 2-consecutive weeks of losses amid notable buying interest in select index heavy-weights and blue-chip counters. Consequently, the ASPI rose by ~127 points or 2.4% W-o-W at its close on Friday supported by advances in JKH (+2.3% W-o-W), DIST (+5.8% W-o-W), & SINS (+26.8% W-o-W) which contributed 21% to this week’s total index gain. Heavy buying interest in JKH was also supported by greater local HNI and institutional participation as the blue-chip contributed to the bulk (82%) of this week’s crossings. Consequently, crossings for the week accounted for 28% of total market turnover (cf. 23% last week).
Consequently, activity levels on the Colombo Bourse also improved this week as average daily turnover for the week increased from Rs. 1.3Bn last week to Rs. 1.9Bn this week. Despite the overall positive momentum, the foreign sell-off from domestic equities gathered pace this week led by foreign selling in JKH. Consequently, foreigners were net sellers this week with a net foreign outflow of Rs. 2.0Bn (cf. net outflow of Rs. 1.3Bn last week).
Positive market sentiment was also buoyed by renewed buying interest in the Banking sector amid an amendment to the Banking Act on the ownership of issued capital (with voting rights) for Licensed Commercial Banks (LCBs). The new directive allows any Multilateral Financial Organisations (such as the World Bank, International Finance Corporation, and Asian Development Bank) to acquire a stake of up to 20% in the LCBs as approved by the Monetary Board. However, the stake should be reduced to 15% within 10 years. Furthermore, any other categories of shareholders could also acquire a material interest of up to 15% of the issued capital subject to approval from the Monetary Board. Markets in the week ahead are likely to look for cues from economic and political developments.

Back to top  Message [Page 1 of 1]

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