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


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Today at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Today at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Today at 10:39 am

» Container shipping stocks routed
by target1 Yesterday at 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Yesterday at 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Yesterday at 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Yesterday at 9:57 am

» Positive news to boost market sentiment
by samaritan Yesterday at 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » CSE Awaits Strong December Quarter results for further Boost

CSE Awaits Strong December Quarter results for further Boost

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

CSE Awaits Strong December Quarter results for further Boost 100406827-bull-market-ahead-sign.530x298




  • ASPI gained 729 points last week to close at new all-time high of 8,463 points
  • Average turnover hits Rs.12bn; market cap increases by Rs.318 bn to Rs.3.69tn

With a record-breaking week behind, investors at the Colombo Stock Exchange (CSE) are poised for another week of buoyancy beginning from today, with strong December quarter results expected to hit the market. 

The benchmark All Share Price Index (ASPI) of CSE last week gained 729 points or 9.42 percent to close at 8,463 points, setting a new record in the CSE’s 35-year history.


The more liquid S&P SL20 Index also gained 409 points or 14.10 percent during the week to close at 3, 312 points. 


The cumulative turnover for the week topped Rs.60 billion, up 58 percent from the week before while the daily average turnover hit Rs.12 billion compared to Rs.9.5 billion a week ago.


Market capitalization, meanwhile increased by Rs.318 billion to 
Rs.3.69 trillion.


“The local retailer dominance was clear with LOLC Holdings being the highest contributor to the week’s turnover value, with Rs.4.82 billion or 8.04 percent of total turnover value. 


Expo Lanka followed suit with 7.91 percent of turnover (value of Rs.4.75 billion) while Browns Investments contributed Rs.4.52 billion to account for 7.52 percent of the week’s turnover. We saw interchanging ownership between these three retailer favourites,” Acuity Stockbrokers Research said.


They also said retail play continued throughout last week while banks saw a brief resurgence.

“The Capital goods Industry Group was the highest contributor to the week’s total turnover value, accounting for 26.97 percent (or Rs.16.19 billion) of market turnover. Industry Group’s turnover was driven primarily by JKH, HAYL, and AEL, which accounted for 65 percent of the sector’s total turnover,” Acuity Stockbrokers Research said. 

“Banks saw a resurgence catalyzed by the reintroduction of cash dividends. Materials Industry Group contributed 16 percent to the weekly turnover. The Materials Industry Group dominated the market in terms of share volume, accounting for 29.19 percent (or 715.93 million shares) of total volume, with a value contribution of Rs.9.58 billion. 


The Food, Beverage & Tobacco Industry Group followed suit, adding 27.89 percent to total volume (683.90 million shares) while capital goods contributed 11.15 percent (273.54 million shares) to the weekly share volume,” they added.


However, despite local investor bullishness, foreign investors were net sellers during last week with total net outflow amounting to Rs.2.36 billion compared to a net outflow of Rs.615 million a week ago. 


The net foreign outflow as of last Friday stood at Rs.3.9 billion.

http://www.dailymirror.lk/business-news/Stock-market-players-await-strong-December-quarter-results-for-further-boost/273-204415

Share this post on: redditgoogle

Samaritan 
9500 end this week & 10,000 end of month possible?
If this happens 12,500 end February & 15,000 end March possible?
Agree with 2 statements?
Thank You.

judecroos likes this post

Kipling,
Given the present investor sentiment it is possible. For your information i  reliably learnt that some high end apartment owners whose apartments are vacant are trying to sell them and invest in the Stock Market.

Kipling likes this post

Back to top  Message [Page 1 of 1]

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