Market Review

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Re: Market Review

Postby PAT » Tue Feb 27, 2018 6:47 am

Sale of Janashakthi General-owned shares in 3 entities hikes CSE turnover past Rs. 3 billion mark

The Colombo Stock Exchange (CSE) crossed the Rs. 3.31 billion turnover mark yesterday despite both indices going down. All Share Price Index was down by 15.8 points and S and P SL20 down by 6.1points. It is said that Rs. 1.7 billion worth of shares in Nations Trust Bank, CDB and Serendib Lanka belonging to Janashakthi General were sold to the public after the latter's take over by Alliance Insurance.


During the day four major crossings/arranged transactions took place. Those were; Nation's Trust Bank (NTB) 18.6 million shares crossed for Rs. 1.48 billion, per share value being Rs. 79.80, Lanka Orix Leasing 6.94 million shares crossed for Rs. 826 million, per share value being Rs. 119, Melstacorp 2.9 million shares crossed for Rs. 208 million at a per share value of Rs. 70 and Serendib Lands 55000 shares crossed for Rs. 81.6 million at a per share value of Rs. 1481.70.


The retail market companies that mainly contributed to the day's turnover were: Janashakthi Insurance Rs. 170 million (5.3 million shares traded). CDB Rs. 158 million (2.4 million shares traded) and Melstacorp Rs. 138.8 million (1.98 million shares traded). During the day 57 million share volumes traded in 4587 transactions.


Hopes of political stability after the two key parties decided to remain in the ruling coalition, allayed fears of a governmental collapse and that helped heavy buying to boost the day’s turnover.


"There was a bit of selling yesterday. Basically, what everstocks moved up over the last few days were sold , may be due to profit-taking by a fund, market sources said


Meanwhile, JKSB adds -


ASPI: 6,560.32 (-15.07 pts; -0.23%); Val T/O: Rs. 3.31bn (US$21.3mn); Vol T/O: 56.9mn; Trades: 4,587


Advance/decline ratio: 86/92; Top gainer: PCP.N (+100.00%) ; Top loser: BLUE.X (-25.00%)


Highlights:


• The ASPI ended lower amid heavy turnover levels that exceeded Rs.3bn on account of a Rs.1.48bn crossing in NTB. Activity in LOLC and MELS also dominated market turnover. Trading in NTB amounted to 45% of total turnover.


• Banks, Finance, & Insurance was the most actively traded sector (-0.29%)


• Services was the best performing sector (+0.94%), supported by gains on KZOO (+2.17%)


• Motors was the worst performing sector (-2.47%), dragged down by declines on ASHO (-8.99%)
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Re: Market Review

Postby Blue Whale » Tue Feb 27, 2018 7:01 am

Thanks PAT.
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Re: Market Review

Postby PAT » Tue Feb 27, 2018 7:44 pm

Sri Lanka stocks flat, rupee gains

ECONOMYNEXT - Sri Lanka stocks closed flat on Tuesday on foreign activity in Sampath Bank, HNB and Lanka Indian Oil Company, and the rupee gained slightly against the US dollar on thin volumes, brokers and dealers said.

The rupee closed at 154.88/93 rupees against the US dollar, strengthening slightly from 154.90/95 rupees the previous day, dealers said.

The Colombo All Share index fell 0.90 points, down 0.01 percent to 6,559.42. The S&P SL20 index of more liquid stocks gained 0.14 points to 3,723.55.

Market turnover was 2.2 billion rupees, with foreign activity contributing nearly 80 percent.
Net foreign selling was 171.2 million rupees, up from 51.1 million rupees the previous day. Net selling in HNB was 305 million rupees.

"Foreign selling in Sampath Bank and Lanka IOC was mainly to other foreign investors on the buying side while foreign selling in HNB was mainly to local investors," said Shiyam Subaulla, Senior VP at Asia Securities.

Sampath Bank fell 2 rupees to 332 rupees and HNB closed unchanged at 242 rupees. Lanka IOC closed 70 cents higher at 30.50 rupees.

"Softlogic Holdings also saw some foreign buying as well," Subaulla said.

Softlogic closed unchanged at 24 rupees with net foreign buying at 78.3 million rupees.

Off market negotiated deals, or crossings, totalled 1.75 billion rupees, accounting nearly 80 percent of market turnover.

Two crossings in Sampath Bank amounted to 1.3 billion rupees and five in HNB totalled 269.8 million rupees.

There was one crossing each in Lanka IOC (120 million rupees), Central Finance (33 million rupees) and Hemas Holdings (27.3 million rupees).

Central Finance gained 1.70 rupees to 109.40 rupees and Hemas Holdings closed a rupee lower at 123 rupees.

Melstacorp (down 4 rupees to 66 rupees), Nestle Lanka (down 33.60 rupees to 1,803.50 rupees) and AIA Insurance (down 32.10 rupees to 341.20 rupees) weighed down the benchmark index.

Ceylinco Insurance (up 50 rupees to 1,650 rupees), Laugfs Gas (up 2.80 rupees to 29.80 rupees) and Sri Lanka Telecom (up 50 cents to 28.40 rupees) weighed positively on the benchmark index. (COLOMBO, February 27, 2018).
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Re: Market Review

Postby Blue Whale » Wed Feb 28, 2018 6:50 am

Thanks PAT
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Re: Market Review

Postby PAT » Fri Mar 02, 2018 8:56 pm

Sri Lanka stocks flat, rupee steady

ECONOMYNEXT - Sri Lanka stocks closed flat on Friday on foreign buying in John Keells Holdings and Dialog, while the rupee was steady against the US dollar, brokers and dealers said.

The rupee closed the week steady at 155.15/20 rupees against the US dollar, compared to Wednesday's 155.10/15 closing, dealers said.

The Colombo All Share index gained 5.24 points, up 0.08 percent, to close at 6,557.02. The S&P SL20 of more liquid stocks closed 7.41 points higher, up 0.20 percent, at 3,717.55.

Market turnover was 449.5 million rupees, down 57 percent from the previous close.

John Keells (up 2.80 rupees to 163 rupees), Ceylinco Insurance (up 111.20 rupees to 1,714.90 rupees) and Dialog (up 20 cents to 13.70 rupees) contributed to the benchmark index's gain.

Janashakthi Insurance (down 4.30 rupees to 26.40 rupees), Asian Hotels and Properties (down 2.70 rupees to 50.40 rupees) and CT Holdings (down 6.30 rupees to 185.70 rupees), weighed down the index.

Net foreign selling was 139.3 million rupees, up 9.4 percent from the previous close.

Foreign selling in Commercial Bank was 103 million rupees.

Foreign buying in JKH was 27 million rupees and 15 rupees in Dialog.

Off-market negotiated trades, or crossings, totalled 183 million rupees and nearly 41 percent of market turnover.

One crossing in Commercial Bank (down 50 cents to 138 rupees) amounted to 104.4 million rupees and two in Kelani Tyres (up 1.10 rupees to 45.40 rupees) totalled 78.7 million rupees. (COLOMBO, March 02, 2018)
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Re: Market Review

Postby Blue Whale » Fri Mar 02, 2018 9:24 pm

Thanks PAT.
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Re: Market Review

Postby SHARK » Fri Mar 02, 2018 10:39 pm

The news is that from head of CBSL they are looking at bringing down the rates, however DT trade war has taken everyone off guard to cautiously buy more time.
domestically all indication for a rate cut :) international front however holding it back.
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Re: Market Review

Postby PAT » Mon Mar 05, 2018 3:05 am

CSE turnover at new high since September
Local high net worths & institutions return to market

Local Institutional and high net worth (HNI) investors returned strongly to markets after a one-month hiatus, helping push turnover levels on the Colombo Bourse to a new high since Sep’17, Acuity Stockbrokers said in their Sharemarket Weekly.


"Average daily turnover levels for the week consequently amounted to Rs. 1.76Bn - the highest level this year and also the highest level since mid-Sept’17 - when average daily turnover rose to Rs. 2.95Bn amid Hayley’s acquisition of Singer BV’s stake in Singer Sri Lanka," it said.


"Local Institutional and HNI participation which ranged at a high 60% (of total market turnover) during Jan’18, dropped notably in the run up to the LG elections to average a paltry 24% over February (participation levels of Local HNI and Institutional investors typically average ~40%)."The report said local HNI and Institutional interest this week remained focused largely on banks, with crossings in banking counters accounting for ~65% of the week’s total crossings with mid-tier NTB and Sampath accounted for the largest proportion of the crossings (54%) while top-tier COMB and HNB accounted for 12% of the week’s total crossings.


Despite the surge in turnover levels, the benchmark price Index fell ~18 points this week amid daily declines on the Index, the report noted saying nevertheless, appetite for Sri Lankan equities has remained relatively steady so far this year despite political uncertainty clouding market sentiment and a slight risk reversal in global appetite for EM/FM assets in Feb’18,


YTD returns on the ASPI have totaled 2.3%, with the benchmark Index remaining comfortably above the 6,400-mark throughout the year, the report said.


Acuity expected markets in the week ahead likely to continue consolidating at the current 6,500 point level.
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Re: Market Review

Postby Blue Whale » Mon Mar 05, 2018 7:34 am

Thanks PAT. Consolidating around 6,500 strongly required the JKH to hang around 160. If it falls below 155 then the index will enter into a bearish territory.
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Re: Market Review

Postby PAT » Mon Mar 05, 2018 10:36 pm

Sri Lanka stocks flat, rupee gains


ECONOMYNEXT - Sri Lanka stocks closed flat on Monday amidst foreign buying in John Keells Holdings and banking stocks, and the rupee strengthened against the US dollar, brokers and dealers said.

The rupee closed at 154.95/155.05 rupees against the US dollar, gaining from Friday's close of 155.15/20 rupees against the greenback, on forward selling and export conversions, dealers said.

The Colombo All Share index closed 0.06 percent lower, down 4.21 points to 6,552.81. The S&P SL20 of more liquid stocks closed 4.42 points higher, up 0.12 percent to 3,721.97.

Market turnover was 1.3 billion rupees, up 188 percent from Friday's 449.5 million rupees.

John Keells Holdings (up 1 rupee to 164), Browns Investments (up 30 cents to 2.60 rupees) and Asian Hotels and Properties (up 2.40 rupees to 52.80) contributed to the benchmark index's gain.

Melstacorp (down 3.40 rupees to 60.60), Carson Cumberbatch (down 12.10 rupees to 187.90) and Bukit Darah (down 17.80 rupees to 216.20) weighed down the index.

Net foreign buying was 45.9 million rupees, compared to net selling of 139.3 million rupees the previous day.

Net foreign buying in JKH was 43 million rupees, according to Asia Securities, followed by Commercial Bank (8 million rupees) and HNB (4 million rupees).

Commercial Bank closed unchanged at 138 rupees. HNB closed unchanged at 242 rupees.
Net selling in Tokyo Cement (up 1.50 rupees to 60) was 8.2 million rupees.

Off-market negotiated trades, or crossings, amounted to 977.5 million rupees, accounting for 75 percent of the day's turnover.

Four crossings in HNB totalled 903.8 million rupees and two in JKH amounted to 73.8 million rupees.
(COLOMBO, February 05, 2018)
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Re: Market Review

Postby Blue Whale » Tue Mar 06, 2018 7:05 am

Thanks PAT.
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Re: Market Review

Postby PAT » Fri Mar 09, 2018 2:05 am

Sri Lanka stocks gain, rupee weakens

ECONOMYNEXT - Sri Lanka stocks gained 0.27 percent on Thursday on buying in John Keells Holdings and Dialog, while the rupee weakened against the US dollar, brokers and dealers said.

The rupee settled at 155.40/50 rupees against the US dollar in the spot market after falling to 155.60/70 against the greenback earlier in the day on local bank buying, dealers said.

The rupee closed at 155.30/40 the previous day.

The bond market was quiet on thin trading volumes, dealers said.

The Colombo All Share index gained 17.38 points to close at 6,521.24. The S&P SL20 of more liquid stocks gained 11.53 points, up 0.31 percent to close at 3,692.79.

The market sank deeper into the red in early trading before recovering after communal mob violence in Kandy seemed to abate, police lifting six hours in advance a curfew imposed in the central district.

"Investors were a bit cautious, particularly foreigners who bought safe stocks like JKH and Dialog," said Kanishka Perera, Head of Research at Asia Securities.

Market turnover was 733.5 million rupees, up 98 percent from the previous day.

JKH (up 2.20 rupees to 163), Commercial Leasing and Finance (up 30 cents to 3.10 rupees), Laugfs Gas (up 3.60 rupees to 35.60), and East West Properties (up 6.10 rupees to 21.90) contributed to the gain in the benchmark index.

East West Properties said it will sell its 72 percent stake in a southern high-rise beach resort managed by Marriot to Singapore’s hospitality management firm HPL Hotels & Resorts.

Ceylinco Insurance closed 141.90 rupees lower at 1,657.20 and Singer Sri Lanka closed 1.90 rupees lower at 40.20.

Net foreign buying was 24.2 million rupees, down 29 percent against 34 million the previous day.

Foreign buying was 18.2 million rupees in Dialog, and 15 million rupees in JKH, according to Asia Securities.

Off-market negotiated trades, or crossings, amounted to 198.5 million rupees and was 27 percent of market turnover.

Two crossings in Nations Trust Bank (up 1.10 rupees to 80) amounted to 160 million rupees, and one in JKH was 38.5 million rupees. (COLOMBO, February 08, 2018)
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Re: Market Review

Postby Blue Whale » Fri Mar 09, 2018 7:06 am

Thanks PAT. I believe the market rally yesterday solely was due to EAST run but not due to situations in kandy easing up or police lifting the curfew etc. The underlying market risks are much broader and remain intact.
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Re: Market Review

Postby PAT » Sat Mar 10, 2018 10:43 am

CSE's main indices move up

Corporate action, especially in Laugfs Gas Holdings, Janashakthi Insurance and East West Properties Limited, triggered some speculative run in the Colombo Stock Exchange (CSE). Moreover, a degree of stability in the country had some positive fallout on the stock market yesterday.


Amid those developments, both indices moved up, ie, All Share Price Index by 29.95 points and S and P SL20 by 8.29 points. Therefore, the day's turnover stood at Rs. 869 million with two crossings. Those crossings were: TJL 4.7 million shares crossed for Rs. 151.4 million and per share value was Rs. 32.50 and Lion Brewery 137,000 shares crossed for Rs. 75.7 million at a per share value of Rs. 551.50.


In the retail market, companies that mainly contributed to the day's turnover were: East West Properties PLC Rs. 127 million (5.4 million shares traded), JKH Rs. 58.3 million (422,000 shares traded) and Ceylon Hospitals PLC (Durdans Hospital) - Non Voting Rs. 46.9 million (675,000 shares traded) During the day 42.3 million shares traded in 8501 transactions.


After days of violence, a curfew in the town of Kandy was temporarily lifted on Thursday and Friday.


"But investors worry about the violence because it is not settled. It could resurface," stock market analysts said.


Meanwhile, JKSB adds -


ASPI: 6,551.19 (+29.95 pts; +0.46%); Val T/O: Rs. 869mn (US$5.60mn); Vol T/O: 42.2mn; Trades: 8,501


Advance/decline ratio: 136/53; Top gainer: PCP.N (+100.00%) ; Top loser: RPBH.N (-14.29%)


Highlights:


*The ASPI ended higher amid improved market turnover. TJL, EAST, and LION led activity levels including crossings, with trading in TJL amounting to 18% of total turnover.


*Diversified Holdings was the most actively traded sector (+0.82%)


*Services was the best performing sector (+4.45%), supported by gains on JKL (+8.54%)


*Motors was the worst performing sector (-0.16%), dragged down by declines on UML (-0.76%) – HS
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Re: Market Review

Postby Blue Whale » Sat Mar 10, 2018 11:31 am

Thanks PAT.
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Re: Market Review

Postby PAT » Mon Mar 12, 2018 9:35 pm

Sri Lankan stocks end weaker, interest in Marriot-run hotel

ECONOMYNEXT – Sri Lankan stocks closed weaker Monday with continuing interest in East West Properties after it announced plans to sell its stake in a beach resort managed by Marriot to Singapore’s hospitality management firm HPL Hotels & Resorts.

The All Share Price Index closed at 6,547.73, down 3.46 points (0.05%) while the more liquid SP SL20 index fell 17.32 points (0.47%) to close at 3,681.25.

Turnover was a low Rs 540 million with crossings or off-the-floor negotiated trades accounting for 14% of it.

Brokers Asia Securities said there was one crossing each in John Keells Holdings and Sampath Bank.

Foreign investors were net buyers of Rs37.8 million worth of shares, with estimated net foreign buying topping in Hemas Holdings while estimated net foreign selling was mainly n Sampath Bank.

East West Properties closed at Rs23.50, up 10 cents (0.4%) and topped turnover and share trade volumes.

There has been retail interest in the stock after it said it plans to sell its 72% stake in Weligama Hotel Properties Ltd. which owns Marriott Weligama Bay Resort & Spa, in Weligama Bay, a popular tourist resort, to HPL Hotels and Resorts Pte Ltd Singapore.

(COLOMBO, March 12, 2018)
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Re: Market Review

Postby PAT » Tue Mar 13, 2018 11:26 pm

Sri Lank stocks flat, surge in foreign buying, rupee weakens

ECONOMYNEXT - Sri Lanka stocks closed flat on Tuesday with foreign buying surging in HNB and John Keells Holdings, with the rupee weakening sharply against the US dollar in early trade before recovering, brokers and dealers said.

The rupee closed at 155.65/70 rupees against the US dollar in the spot market, after trading at 155.80 earlier in the day due to importer demand, dealers said. The dollar closed at 155.60/65 rupees the previous day.

Yields in the secondary bond market fell slightly ahead of the weekly Treasury bill auction, with foreigners buying small quantities, dealers said.

A seven-year bond maturing in 2024 saw its yield fall to 10.15/25 percent from 10.20/35 percent the previous day. An eight-year bond maturing in 2026 saw its yield fall to 10.25/35 percent from 10.30/40 percent the previous day.

The Colombo All share index closed 7.10 points higher, gaining 0.11 percent to 6,554.83. The S&P SL20 index of more liquid stocks closed flat, down 0.20 points to 3,681.05.

Market turnover was 2.5 billion rupees, up from 540 million rupees the previous day.

Net foreign buying was 1.2 billion rupees, compared to net selling of 37.8 million rupees the previous day. Foreign buying in HNB was 757.9 million rupees, and 588 million rupees in JKH.

"There is always demand for these shares among foreign investors looking for long term value," says Shiyam Subaulla, Senior Vice President at Asia Securities.

It's unclear who the local sellers were, or why they sold.

"Broadly, foreign and local investors tend to take different views on the market. Where locals see uncertainty, foreigners tend to see opportunity. They will pick up good stocks whenever liquidity is available," Subaulla said.

HNB closed 1 rupee lower at 240 and JKH fell 10 cents to 162 rupees.

Dialog (gaining 20 cents to 14 rupees), Asian Hotels and Properties (up 2 rupees to 54.20) and Aitken Spence Hotel Holdings (up 2.30 rupees to 32.30) contributed to the benchmark index's gain.

Ceylon Tobacco (down 9.80 rupees to 1,050.20) and Taprobane Holdings (down 30 cents to 5.50 rupees) weighed down the index.

Off-market negotiated trades, or crossings, amounted to 2 billion rupees and was 81 percent of market turnover.

Five crossings in HNB amounted to 1.3 billion rupees.

There were three crossings each in JKH (525.5 million rupees) and Amana Takaful (76 million rupees), and two crossings in Commercial Bank (135 million rupees).

Commercial Bank gained 20 cents to close at 135.30 rupees and Amana Takaful was unchanged at 70 cents.

In terms of volume East West Properties was the most actively traded closing 50 cents lower at 23 rupees.

Browns Investments gained 10 cents to 2.70 rupees and Browns Capital closed 20 cents higher at 3.50 rupees. (COLOMBO, March 13, 2018)
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Re: Market Review

Postby Blue Whale » Wed Mar 14, 2018 7:04 am

Thanks PAT..
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Re: Market Review

Postby GB » Wed Mar 14, 2018 7:30 am

Thanks PAT.

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Re: Market Review

Postby PAT » Wed Mar 14, 2018 10:19 pm

Sri Lank stocks end lower, foreigners net sellers

ECONOMYNEXT - Sri Lanka stocks closed lower Wednesday with foreign investors net sellers, brokers said.

The Colombo All share index closed at 6,519.48, down 35.35 (-0.54%) while the S&P SL20 index of more liquid stocks fell 15.53 (-0.42%) to close at 3,665.52.

Turnover was Rs1.6 billion, the fourth highest turnover for the year, according to First Capital Equities.

Foreign participation high with foreign selling in Commercial Bank and Dialog Axiata and foreign buying was mainly in John Keells Holdings.

Total foreign sales outweighed foreign purchases during the trading session leading to a net foreign outflow of Rs183 million, Bartleet Religare Stockbrokers said.

There were six crossings or off-the-floor negotiated deals in Melstacorp, five in Hatton National Bank and one each in JKH, Dialog and Sunshine Holdings.
(COLOMBO, March 14, 2018)
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Re: Market Review

Postby PAT » Fri Mar 16, 2018 3:40 am

Sri Lanka stocks fall 0.28-pct, rupee weakens

ECONOMYNEXT - Sri Lanka stocks fell 0.28 percent on Thursday on foreign selling in HNB and Dialog, and the rupee weakened against the US dollar, brokers and dealers said.

The rupee weakened to 156.00/10 rupees against the US dollar in the spot market, on seasonal import demand, dealers said. The US dollar closed at 159.85/95 rupees the previous day.

The Colombo All Share index fell 18.49 points to 6.500.99. The S&P SL20 index of more liquid stocks closed flat gaining 0.83 points to 3,666.35.

Market turnover was 806.2 million rupees, down 48.5 percent from the previous day.

"Foreign participation was high with foreign investors mainly trading among themselves," said Shiyam Subaulla, Senior Vice President at Asia Securities.

Net foreign selling was 56.6 million rupees, down 70 percent from selling worth 183.3 million rupees on Wednesday.

Net foreign selling in HNB was 99 million rupees and 34 million rupees in Dialog.
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Re: Market Review

Postby PAT » Sun Mar 18, 2018 12:06 am

Sri Lankan stocks close higher, foreign buying in JKH

ECONOMYNEXT – Sri Lankan stocks closed higher Friday with foreign buying in conglomerate John Keells Holdings and selling in celco Dialog Axiata, brokers said.

The All Share Price index gained 8.47 points (0.13%) to reach 6,509.46 while the S&P SL20 index of more liquid stocks rose 13.58 points (0.37%) to end at 3,679.93. Turnover was Rs825 million with only two crossings of off-the-floor negotiated deals which accounted for a quarter o turnover.


There was one crossing in Lion Brewery at Rs535, the price at which the stock closed, down Rs9.50 (-1.74%) and one crossing in Hemas Holdings at Rs126. It closed at the same price, up Rs2.00 (1.61%).

First Capital Equities said a high foreign participation was witnessed leading to a net foreign inflow into the market after two consecutive days of outflows.

Foreign buying was mainly in JKH which closed at Rs164.50, up Rs1.50 (0.92%) while selling was mainly in Dialog which ended unchanged at Rs13.50.
(COLOMBO, March 16, 2018)
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Re: Market Review

Postby PAT » Sun Mar 18, 2018 9:22 am

Equities hit by communal tensions & global headwinds, says Acuity

Equity markets were buffeted by both dampened sentiment following recent communal tensions and global geo-political headwinds, causing the broad-share ASPI to pare down ~42 points W-o-W, to record its largest weekly loss since mid-Jan., Acuity Stockbrokers said in their Share Market Weekly.


"Retail investors opted to remain on the sidelines yet again last week, as the state of emergency declared the previous week failed to be lifted after the original 10-day lapse and amid discussions to extend it further. Global financial market volatility meanwhile heightened over the week due to rising concerns over trade tensions following the US’s tariffs on Steel & Aluminum imports, the worsening diplomatic tension between Britain and Russia and ongoing turmoil within the US political landscape," it added.


"Despite the 0.64% W-o-W decline on the main share Index, daily average turnover levels on the Colombo Bourse rose 69% W-o-W to average Rs.1.25Bn as Local Institutional and HNI remained active in the market (59% of crossings cf. 43% last week) and foreign investor appetite for domestic equities made a strong rebound."


Local Institutional and HNI investors made a stronger comeback in March relative to Feb when average participation levels fell to 24% cf. the 61% in Jan and 59% so far in March, the report said.


Interest in blue-chips dominated crossings turnover with HNB accounting for 47% of total crossings for the week, while JKH accounted for 22% of crossings. Meanwhile, relative to last week when Foreign investors recorded the lowest net buying for this year (Rs. 193Mn), it noted.


Foreigners pumped in Rs 1.0Bn to domestic equities last week amid strong buying interest in counters such as JKH and HNB, Acuity said.


The brokerage expected markets in the week ahead likely to look for directional cues from both domestic political developments and the US Fed’s interest rate decision this week.
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Re: Market Review

Postby PAT » Mon Mar 19, 2018 10:35 pm

Sri Lanka stocks close 0.24-pct lower, rupee weakens

ECONOMYNEXT - Sri Lanka stocks closed 0.24 percent lower on Monday midst foreign buying in banking stocks like Commercial Bank and Sampath, while the rupee weakened against the US dollar, brokers and dealers said.

The rupee weakened to 156.10/15 rupees against the US dollar in the spot market, dealers said. The US dollar closed Friday at 156.05/10 rupees.

Treasury bond yields were unchanged across all maturities from Friday's close on moderate volumes.

The Colombo All Share index closed 15.83 points lower to 6,493.63. The S&P SL20 of more liquid stocks closed 0.28 percent lower, down 10.47 points to 3,669.46.

In a dull's day of trading, market turnover was 396.5 million rupees, down 52 percent from Friday.

Net foreign buying was 58 million rupees, down 48 percent from the previous day.
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senarath67 +
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Re: Market Review

Postby senarath67 + » Mon Mar 19, 2018 11:20 pm

Thanks,PAT.Appreciate your commitment in many fronts.


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