Market Review

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Market Review

Postby PAT » Wed Jan 06, 2016 6:21 pm


Market Review – 06th Jan 2016


The negative trend of the New Year continued on Wednesday as the benchmark index closed at 6,817.65, a decline of 27.65 index points or -0.40%, while the S&P SL20 index shed -13.07 index points or -0.36% to end at 3,573.18.

Top negative contributors that drove the index lower were Ceylon Tobacco (LKR 970.00, -1.0%), Lion Brewery (LKR 610.00, -3.2%) and Commercial Leasing & Finance (LKR 4.00, -4.8%). However, price increase in the high cap stock Sri Lanka Telecom (LKR 46.00, +1.6%) provided resistance to the drop with positive gains.

Turnover grew from the previous session to LKR 1,396mn, making it the highest turnover in almost a month. Despite high figures, individual investor participation was on the low side as the day’s turnover was mostly dominated by institutional activity. The aggregate value of crossings accounted for 80% of today’s total turnover.

34.4mn shares of Tal Lanka Hotels (Taj) changed hands within Indian Hotels Co Ltd (IHCL) group at LKR 25.00 at the start of today’s trading session. The transaction represented 61.5% of today’s turnover. IHOCO BV acquired 24.6% of the issued capital of Taj from IHCL where IHOCO BV is an indirect wholly owned subsidiary of IHCL. Further 2 crossings of 0.83mn shares were recorded in Commercial Bank at LKR 139.50 and 3 crossings of 14mn shares in Dialog Axiata at LKR 10.50.

As a result top contributors to turnover today came from Tal Lanka (LKR 860mn), Commercial Bank (LKR 180mn), Dialog Axiata (LKR 159mn).
Weak investor sentiments prevailing in the market were displayed as out of the 258 stocks traded only 72 managed to close in the positive territory while 136 registered declines. 50 counters remained unchanged. 28 counters touched 52 week low prices, but only 3 managed to reach a 52wk high price. Cash map decreased from to 44% to 35%.

The CSE approved in-principle an application for listing of Orient Finance on the Diri Savi Board. The initial public offering is for the subscription of 71.5mn Ordinary Voting shares at LKR 15.00 per share. The date of opening of the subscription list is 25th January 2016.

Waskaduwa Beach Resort managed to raise a total sum of LKR 461.5mn through a rights issue offered in the proportion 1 for every 2 ordinary shares. 46.1mn shares were allocated at a consideration of LKR 10.00 per share. Almost entirety of the issue was subscribed by Citrus Leisure which is the parent company of Waskaduwa Beach Resort. With the funds raised through the rights issue, the interest cost of Waskaduwa Beach Resort will decrease and its cash flow position will improve as disclosed in the circular issued to the shareholders regarding the rights issue.

There was considerable interest on the textile & footwear segment as Orient Garments and Textures Jersey were the most traded counters in the market. Furthermore heavy investor activity was witnessed in the counters such as Access Engineering & John Keels Holdings.

Foreign investors were net sellers for the third consecutive day with a net foreign outflow of LKR 132mn. Foreign participation was 83%. Net foreign outflows were seen in Dialog Axiata (LKR 158mn), Seylan Bank (LKR 28mn) & Hatton National Bank (LKR 5mn) while net foreign inflow was mainly seen in Commercial Bank (LKR 48mn).

Meanwhile, at today’s Treasury bill auction, 3 months yield advanced by 14bps to 6.59% while 6 months yield increased by 10bps to 6.93%. One year Treasury bill rate inclined from 7.30% to 7.42% (+12bps). CBSL offered LKR 18bn worth of Treasury bills today and the auction was oversubscribed by 2.1 times with bids received amounting to LKR 37.2bn. It was decided to accept LKR 7bn worth of bills.

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Re: Market Review

Postby PAT » Thu Jan 07, 2016 8:53 am

Healthy turnover at CSE
Yesterday’s ( 06 Jan 2016) trading statistics at CSE:


ASPI: 6,817.65 (-27.65 pts; -0.40%); Val T/O: Rs. 1.40bn (US$9.71mn); Vol T/O: 67.0mn; Trades: 3,148

Advance/decline ratio: 72/136 ; Top gainer: SEMB.X (+33.33%); Top loser: HUEJ.N (-16.33%)

Highlights:

• The ASPI ended lower amid healthy turnover levels helped by a Rs.859mn crossing in TAJ. Selected large cap banking, and telco counters led activity levels apart from leisure, with crossings also seen in COMB & DIAL.

• Hotels & Travels was the most actively traded sector (-0.14%)

• Land & Property was the best performing sector (+0.59%), supported by gains on MHDL (+2.47%)

• Information Technology was the worst performing sector (-4.47%), dragged down by a decline in ECL
(-5.66%) - JKSB

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Re: Market Review

Postby PAT » Thu Jan 07, 2016 5:42 pm

Market Review – 07th Jan 2016

Colombo bourse extended its losing streak for the fourth consecutive day as stocks declined across the board driving the Benchmark index and the S&P SL index both to 52 week lows of 6775.27 and 3546.45 respectively. Benchmark index decreased by -42.38 index points or -0.62%, while the 20-scrip S&P SL index shed -26.73 index points or -0.75%.

The lack of positive contributors to the index left only Hatton National Bank (closed at LKR 208.00, +1.46%) with substantial gains to improve the index, while John Keels Holdings (closed at LKR 173.00, -1.76%), Sri Lanka Telecom (closed at LKR 45.00, -2.17%) & Distilleries (closed at LKR 242.00, -1.22%) forced the index to decline.

Healthy market turnover of LKR 741mn was mostly due to institutional activity as crossings accounted for 68% of the total turnover. 2 crossings of 10.7mn shares representing 3.6% of the issued share capital of Alumex changed hands today at LKR 17.00. Further 3 crossings of 1.1mn shares were recorded in Commercial Bank at LKR 139.50. 0.8mn shares of John Keels Holdings changed hands at LKR 171.00 and 1 crossing of 0.1mn shares was recorded in J.L. Morison at LKR 340.00.

Accordingly the top 4 contributors to turnover were the participants of today’s crossings board as Alumex generated LKR 184mn, Commercial Bank generated LKR 166mn, John Keels Holdings accounted for LKR 163mn and J.L. Morison accounted for LKR 34mn of turnover.

The market presented bearish sentiments as 129 counters declined, 51 advanced while 52 remained unchanged. Cash map remained constant, though at low levels of 35%. Only ACL Plastics managed to reach a 52wk high price (LKR 187.00, +1.3%), while 36 scripts touched 52wk low price levels.
Textured Jersey (closed at LKR 34.80, -1.97%) was the most traded counter as investors booked profits following the positive momentum it achieved during the recent sessions. Furthermore, high investor activity was observed in John Keels Holdings (closed at LKR 173.00, -1.76%), Access Engineering (closed at LKR 22.80, -2.15%), Peoples Leasing Company (closed at LKR 21.50, -1.38%) and Sanasa Development Bank (closed at LKR 157.00, +0.58%).

Foreign investors were net sellers of LKR 252mn worth of shares. Foreign participation was 28%. A net foreign inflow was seen in Ceylon Grain Elevators (LKR 5mn), while net foreign outflows were seen in John Keels Holdings (LKR 159mn), Commercial Bank (LKR 88mn) and Textured Jersey (LKR 5mn).

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Re: Market Review

Postby PAT » Fri Jan 08, 2016 9:31 am

Downturn on CSE gathers more steam 70% of day’s business off block trades
08 Jan 2016:

The New Year downturn on the Colombo bourse yesterday gathered further momentum with the indices posting higher losses than earlier in week with the ASPI down 42.38 points (0.62%) and S&P SL20 down 26.73 points (0.75%) on a turnover of Rs. 740.8 million, down from the previous day’s Rs. 1.39 billion with 127 losers outpacing 50 gainers more than two to one and 148 counters closing flat.

"Nearly 70% of the day’s turnover came from block trades in Commercial Bank (voting), Alumex, Morison’s and JKH," a broker said. "Another slice came off floor trades in Commercial Bank (voting), JKH, Textured Jersey, Alumex, Morisons and Central Finance. Outside that the market was dead."

Blue chips including JKH (closing Rs. 3.10 down at Rs. 173) continued to take a beating with all bar two counters, CIC (voting) and Sanasa Bank, on the most traded lost posting losses.

Foreigners continued to be net sellers with an outflow of Rs. 251.85 million with sales of Rs. 332.17 million ahead of purchases of Rs. 80.32 million.

The block trades contributed Rs. 507.7 million to turnover with Commercial Bank seeing nearly 1.1 million shares crossed at Rs. 139.50, Alumex over 10.7 million shares at Rs. 17, Morison 0.1 million shares at Rs. 340 and JKH 0.84 million shares crossed at Rs. 171.

"The ASPI ended lower amid subdued market turnover with declines exceeding advances by more than two to one," John Keells Stock Brokers reported. "The banking, finance, manufacturing and diversified sectors led turnover levels with crossings witnessed in COMB, MORI, JKH & ALUM."

Banks, Finance, & Insurance was the most actively traded sector (-0.45%), it said.

Textured Jersey led the floor trades closing 70 cents down at Rs. 34.80 with over 0.7 million shares done between Rs. 34.70 and Rs. 35.40 contributing Rs. 24.6 million to the day’s turnover. Brokers said this share in which there is interest had posted slight gains during the recent downturn but this reversed yesterday.

JKH, Commercial Bank (voting) and Central Finance followed with JKH closing Rs. 3.10 down at Rs. 173 on over 0.1 million shares traded between Rs. 171 and Rs. 176 contributing Rs. 24.6 million to turnover. Commercial closed 30 cents down at Rs. 139.20 on nearly 0.13 million shares done between Rs. 139.20 and Rs. 139.90 (Rs. 19 million) while Central Finance closed flat at Rs. 250 on 57,052 done between Rs. 250 and Rs. 255 (Rs. 14.3 million).

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Re: Market Review

Postby PAT » Fri Jan 08, 2016 7:02 pm

Market Review – 08th Jan 2016

The disappointing trend continued on the fifth session of the New Year as both indices closed with negative returns. All share index shed -48.99 index points (-0.7%) to close at 6,726.28 while the S&P SL20 index lost -32.04 index points (-0.9%) to close at 3,514.41.

Sri Lanka Telecom (closed at LKR 45.70, +1.8%) stood out as it influenced the index positively, when majority of the counters today posted negative gains. Distilleries (closed at LKR 230.10, -4.16%), Carson Cumberbatch (closed at LKR 340.00, -2.86%) & Hemas Holdings (closed at LKR 87.90, -2.66%) were the main drivers to drag the index to the red zone.

Daily market turnover only reached LKR 488mn, despite 4 crossings which accounted for 33% of the total turnover. Textured Jersey emerged as the top contributor to turnover with LKR 63mn underpinned by a single off-the-floor dealing of 1.0mn shares at LKR 33.80. Distilleries (LKR 59mn), Dialog Axiata (LKR 58mn) and Hatton National Bank non-voting (LKR 38mn) were among top contributors to the turnover.

Several crossings were recorded in Dialog Axiata (5.0mn shares at LKR 10.40), Distilleries (0.2mn shares at LKR 235.00) and Hemas Holdings (0.3mn shares at LKR 88.50).

Market breadth was negatively skewed where out of the 232 counters that traded, 148 counters dropped in price, 38 increased and 46 remained unchanged. Being unable to bounce back, the cash map further dropped from 35% to 34%. 46 scripts reached 52wk low prices while none of the counters managed to touch a 52wk high price.

Investors continued to book profits in Textures Jersey (closed at LKR 33.80, -2.59%) and it was the most traded counter in today’s session. Further, high investor activities were seen in Access Engineering (closed at LKR 22.70, -0.87%) & Sanasa Development Bank (closed at LKR 155.50, -0.96%).

Bourse witnessed net foreign inflow for the first time in the New Year as the foreign investors snapped the four-day selling streak to conclude the session on buying side with an inflow of LKR 17mn. Foreign participation was 30%. Net foreign inflows were seen in Hatton National Bank non-voting (LKR 38mn), Textured Jersey (LKR 34mn), Overseas Realty (LKR 16mn) while net foreign outflow was mainly seen in Dialog Axiata (LKR 52mn).

During the opening week of the year, benchmark index dipped 2.4% or 168.22 index points while S&P SL20 index shed 111.28 index points or 3.1%. CIC Holdings (+7%), CIC Holdings non-voting (+3%) and Millennium Housing Developers (+2%) were among the top gainers of the week while Amana Bank (-16%), Aitken Spence (-8%) and Sierra Cables (-8%) were among the top losers.

The average weekly turnover advanced by 171% to LKR 851mn. Tal Lanka (Taj) topped the weekly turnover list with LKR 860mn followed by Singer Industries (LKR 669mn) and Commercial Bank (LKR 583mn).

The foreign investors were net sellers during the week recording a net foreign outflow of LKR 1.5bn. Foreign activity was at 54%. Top net outflows reported in Singer Industries (LKR 575mn), Dialog Axiata (LKR 495mn) and Commercial Bank (LKR 259mn) while top net inflows were mainly seen in Hatton National Bank non-voting (LKR 48mn) and Textured Jersey (LKR 30mn).

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Re: Market Review

Postby PAT » Sat Jan 09, 2016 12:54 pm

New Year downturn peaks on CSE at close of the week
Small foreign inflow only silver lining


The New Year downturn on the Colombo bourse peaked yesterday with the indices closing the week with sharp declines on a thin turnover, losers outpacing gainers by four to one and four block trades accounting for a third of the day’s turnover.

The ASPI lost 48.99 points (0.72%) while S&P SL20 was down 32.04 points (0.90%) on a turnover of Rs. 488.2 million, down from the previous day’s Rs. 740.8 million, with 36 gainers trailing dismally behind 146 losers while 143 counters closed flat.

"It was a dismal showing and there’s no telling where the slide is going to halt," a broker said. "Even counters like Textured Jersey that held their prices and showed volume lost a bit on Thursday and Friday. Among most traded stock today Ceylon Guardian closed ten rupees down while Distilleries lost Rs. 10.60."

The silver lining in the market yesterday was a small foreign inflow of Rs. 17.15 million with purchases of Rs. 154.50 million ahead of sales of Rs. 137.35 million.

Crossings in Dialog, Distilleries, Textured Jersey and Hemas contributed Rs. 162.4 million to turnover on single parcel trades, with five million Dialog crossed at Rs. 10.40, a million Textured Jersey at Rs. 33.80, some 0.3 million Hemas at Rs. 88.50 and 0.21 Distilleries at Rs. 235.

HNB (non-voting) topped the floor trades closing three rupees up at Rs. 180 on 0.21 million shares done between Rs. 177.50 and Rs. 180 contributing Rs. 38.1 million to turnover. Textured Jersey followed closing 90 cents down at Rs. 33.80 on 0.86 million shares done between Rs. 33.70 and Rs. 34.70 ( Rs. 29.2 million) while Sanasa closed 1.50 down at Rs. 155.50 on 0.13 million shares traded between Rs. 155.50 and Rs. 158 (Rs. 20.2 million).

Access Engineering continued to show volume closing 20 cents down at Rs. 22.70 on 0.76 million shares traded between Rs. 22.40 and Rs. 23.10.

Except for HNB (non-voting) which closed three rupees up and Vallibel Power that closed flat at Rs. 8.90 on nearly 0.9 million shares, all other most traded counters posted declines.

"The ASPI ended lower amid lackluster turnover levels," John Keells Stock Brokers reported. "Most sectors declined today with the banking, manufacturing, food & beverage, diversified, and telco sectors leading activity levels in the market including crossings seen in Textured Jersey, DIST, Hemas & DIAL."

Banks, Finance, & Insurance was the most actively traded sector (-0.52%), the report said.

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Re: Market Review

Postby PAT » Mon Jan 11, 2016 5:17 pm

Rupee steady in dull trade; stocks down on uncertainties

The Sri Lankan rupee was steady on Monday in dull trade as cautious investors waited on the side lines due to local and global uncertainties, dealers said.

The rupee was at 143.75/80 per dollar at 0645 GMT, little changed from Friday’s close of 143.75/85. It hit a record low of 144.30 on Jan. 5.

“The FX market is very dull, nothing is happening due to the uncertainty,” said a currency dealer on condition of anonymity.

The central bank, in a move to instil investor confidence, last week said it would lift all restrictions on outflows from nationals who send money that is earned in foreign currencies.

Central Bank Governor Arjuna Mahendran last week said the steep fall in the rupee has slowed and the currency seems to be stabilising at the current level due to inflows from remittances.

Some analysts expect the rupee to stabilise due to a gradual rise in market interest rates. Yields on 91-day t-bills rose by 14 basis points to a more-than-two-month high at a weekly auction last Wednesday after the central bank said the statutory reserve ratio would be raised by 150 basis points with effect from Jan. 16.

Sri Lanka’s main stock index was down 1.02 percent, or 68.87 points, at 6,657.41 at 0653 GMT, heading for a sixth straight session of falls. Turnover stood at 677.4 million rupees ($1.39 million).

“Market is dragged down by banks and diversified,” said Dimantha Mathew, research manager at First Capital Equities (Pvt) Ltd.

“Investors are worried over the increasing interest rates, Reuters reports.

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Re: Market Review

Postby PAT » Mon Jan 11, 2016 6:14 pm

Market Review – 11th Jan 2016

The bleak start to the year continued on the Colombo Bourse as ASI plunged for the sixth consecutive day with market conditions providing little or no incentives to the investors take positions in the battered stocks. ASI nose-dived to a 18 month low of 6,650.32 (down by 75.96 index points or 1.13%) while 20-scrip S&P SL lost over 1.43% or 50.37 index points to conclude at 3,464.04. The recent wave of selling which started last Monday, has knocked down 244.18 points or 3.5% so far, marking the worst six-day percentage loss to start a year since 2008.

Bearish investor sentiment in premier blue-chip John Keells Holdings continued to slash the index performance as the counter declined by 1.6% to LKR 169.50. The stock managed to secure the highest turnover position with LKR 326mn underpinned by several off-the-dealings of 1.6mn shares which changed hands at LKR 169.00-170.00.

Price depreciation in other high caps namely, Cargills Ceylon (closed at LKR 171.80, -6.1%), Hemas Holdings (closed at LKR 85.00, -3.3%) and Lanka Orix Leasing (closed at LKR 88.00, -2.2%) pinned the index performance to the red zone.

Banks & Finance scripts faced high selling pressure and most of the counters touched 52wk low price levels. Accordingly, Commercial Bank (LKR 137.50), National Development Bank (LKR 187.00), Sampath Bank (LKR 234.60), People’s Leasing & Finance (LKR 20.50), Union Bank (LKR 19.30) and Seylan Bank (LKR 88.50) dropped to one year low prices.

Daily market turnover was LKR 991mn which settled above the average YTD turnover, supported by hefty crossings. Bulk transactions captured 47% of the total turnover and were seen in JKH, Commercial Bank (1.22mn shares at LKR 139.00) and Hemas Holdings (0.2mn shares at LKR 88.00). Commercial Bank (LKR 200mn) was second best contributor to the turnover. Further, Hatton National Bank non-voting (LKR 72mn), CIC Holdings (LKR 37mn) and Overseas Realty (LKR 34mn) were among top contributors to the turnover.

As market experienced the worst performance in the new year, 72 counters touched 52wk low prices while only Harischandra Mills managed to reach 52wk high of LKR 2,620.00, following the announcement on capitalization of reserves. Losers outweighed the gainers 174 to 30, while 42 stocks remained unchanged. Despite the decline, cash map improved from 34% to 44%.

Foreign investors closed the session on selling side with a net foreign outflow of LKR 139mn. Foreign participation was 31%. Net foreign outflows were seen in John Keells Holdings (LKR 157mn), Commercial Bank (LKR 99mn), Tokyo Cement non-voting (LKR 11mn) while net foreign inflow was mainly seen in Hatton National Bank non-voting (LKR 71mn). Subsequent to today’s net foreign outflow, year-to-date net foreign outflow increased to LKR 1.7bn.

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Re: Market Review

Postby PAT » Tue Jan 12, 2016 4:23 pm

Sri Lanka stocks close down with highest intra-day loss in 5 months

Jan 12, 2016 (LBO) – Sri Lankan stocks closed down at 1.74 percent for a seventh consecutive day with losses across the board as regional markets also dropped, brokers said.

The Colombo benchmark All Share Price Index shed 115.97 points to end at 6,534.35 down 1.74 percent. S&P SL20 closed 71.00 points down at 3,392.04 down 2.05 percent.

Turnover was at 998 million rupees, with only 18 stocks closing positive against 156 negative.

The main index showed losses in Lion Brewery closing at 551.40 rupees, down 58.60 rupees and John Keells Holdings closing at 163.30 rupees.

“Market confidence is low as local and global economic concerns are effecting investor sentiment,” Lanka Securities said.

Losses were also seen in the banking sector Commercial Bank closing at 135.00, rupees, down 2.60 rupees and Hatton National Bank closed at 200.90 rupees, down 4.40 rupees.

DFCC closed at 153.50 rupees, down 2.50 rupees.

Peoples Insurance started trading on the CSE today and closed at 14.90 rupees, down 0.10 rupees with over 1.5 million shares traded.

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Re: Market Review

Postby PAT » Tue Jan 12, 2016 6:05 pm

Market Review – 12th Jan 2016

Colombo bourse fell out of the frying pan into the fire today as ASI crashed to a 18 month low of 6,534.35 (down by -115.97 index points or -1.74%), while the S&P SL20 lost -71.00 index points or -2.05% to close at 3,393.04. Today’s decline marked the biggest intra-day drop after 24th August 2015. The downtrend continuing from the New Year has now stripped 360.15 points off the index.

Negative investor sentiments were scattered throughout the market, except in plantations as it remained the only sector to record gains. The lack of significant positive contributors to the index allowed Lion Breweries (closed at LKR 551.00, -9.7%), John Keels Holdings (closed at LKR 166.60,-1.7%) and Hemas Holdings (closed at LKR 80.00, -6.1%) to drive the market to negative zone.

Turnover was a healthy LKR 998mn, displaying an increasing trend in market participation. Institutional investors contributed to 24% of the total market turnover. Accordingly, off the floor dealings were recorded in Commercial Bank (0.95mn shares at LKR 138.00), Cargills (0.42mn shares at LKR 171.80) & Hatton National Bank (0.18mn shares at LKR 201.00). Topping the turnover list was Commercial Bank (LKR 154mn), followed by Cargills (LKR 94mn), John Keels Holdings (LKR 80mn) & Ceylon Tobacco (LKR 60mn).

Majority of the counters witnessed price depreciations as 177 counters dropped, 37 counters increased in price while 36 remained unchanged. Premier blue-chips too seemed to struggle as sellers dominated the market, forcing 8 out of the 20 stocks to touch 52wk low prices. Cash map declined from 44% to 29%.

High cap banks caused the index to decline where Commercial Bank, Sampath Bank, National Development Bank, DFCC Bank, Nations Trust Bank and Seylan Bank reached 52wk low prices by the end of today’s trading session.

Investors showed high interest in the debutant Peoples Insurance (closed at LKR 14.90,-0.7%) as it rose to the top of the most traded stocks for the day. Further, high institutional activity was witnessed in Textures Jersey (closed at LKR 32.30), John Keels Holdings & Access Engineering.

Foreign investors closed the session on the selling side with a net foreign outflow of LKR 271mn. Foreign participation was 33%. Net foreign outflows were seen in Commercial Bank (LKR 137mn), Cargills (LKR 79mn) & John Keels Holdings (LKR 70mn), while net foreign inflows were mainly seen in Overseas Realty (LKR 12mn).

Meanwhile at today’s Treasury bill auction, yields continued to increase for the 6th consecutive week. The 3 months treasury yield advanced by 19bps to 6.78%, while 6 months yield increased by 13bps to 7.06%. One year Treasury bill rate inclined from 7.42% to 7.48% (+6bps). CBSL offered LKR 18bn worth of Treasury bills today and the auction was oversubscribed by 2.4 times with bids received amounting to LKR 42.6bn. It was decided to accept LKR 18.2bn worth of bills.

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Re: Market Review

Postby PAT » Wed Jan 13, 2016 5:43 pm

Market Review – 13th Jan 2016

Colombo stock market spun back to the greener zone on Wednesday snapping the seven day losing streak. Benchmark index rebounded strongly to touch 6,587 mark during the opening hours but failed to sustain the momentum and closed with mild increase of 20.02 index points or 0.31% to end at 6,554.37. Reducing losses in blue-chips, 20-scrip S&P SL index closed positive for the first time of the year with an increase of 12.53 index points or 0.37% to close the session at 3,405.57.

Premier blue-chip, John Keells Holdings (closed at LKR 167.90, +1.0%) pushed the index performance higher while high caps such as Commercial Bank (closed at LKR 133.90, -0.8%) & Chevron Lubricants (closed at LKR 313.00, -4.7%) was on opposite side, with recording fresh 52wk low price levels. Along with JKH, two teleco stocks, Dialog Axiata (closed at LKR 10.20, +2.0%) and Sri Lanka Telecom (closed at LKR 44.50, +2.1%) contributed positively to the index performance.

Reflecting moderate institutional activity, few block trades in John Keells Holdings and Commercial Bank uplifted the turnover level to LKR 926mn. In Commercial Bank, 0.7mn shares were changed hands at LKR 134.00 while in John Keells Holdings, 0.8mn shares changed hands at LKR 168.00. Further, single crossing was recorded in Overseas Realty (1.9mn shares at LKR 23.00) and aggregate value of off-the-floor dealings accounted for 29% of the turnover.

Accordingly, Commercial Bank emerged as the top contributor to the turnover with LKR 372mn followed by John Keells Holdings (LKR 170mn), Overseas Realty (LKR 50mn) and Hemas Holdings (LKR 37mn).

High investor activity was witnessed in Textured Jersey, John Keells Holdings warrant 0023 and Access Engineering. Moreover, People’s Insurance captured the center stage today after failing on the debut day of trading. Counter closed at LKR 15.30, with a gain of 2.7%. Despite oil touching 12 year low of USD 30.00 per barrel, Chevron Lubricants continued the slide to a fresh 52wk low price of LKR 313.00. During the year, counter has declined by 9.3% so far.

Positive investor sentiment was seen across the board, where out of 244 counters, 154 advanced, 53 slipped while 37 remained unchanged. Cash map increased from 29% to 34%. 50 scripts declined to 52wk low price levels while only Harischandra Mills increased to a 52wk high price of LKR 3,086.00.

Subsequent to the interim dividend of LKR 29.00 per share in Alliance Finance, stock advanced by 3.4% to end at LKR 850.00.

Foreign investors stood on selling side for the third consecutive day with a net foreign outflow of LKR 312mn. Foreign participation was 34%. Net foreign outflows were seen in Commercial Bank (LKR 339mn), Chevron Lubricants (LKR 25mn), National Development Bank (LKR 12mn) while net foreign inflow was mainly seen in Oversea Realty (LKR 49mn).

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Re: Market Review

Postby PAT » Thu Jan 14, 2016 9:51 pm

Market Review – 14th Jan 2016

"Colombo bourse continued its roll down the hill on Thursday as it plunged to 6,446.20, down by -108.17 index points or -1.65%, proving yesterday’s increase was merely a dead cat bounce. S&P SL20 lost -65.44 index points to close at 3,340.13, a drop of -1.92%. Today’s loss caused the All share Index to lose 6.5% off the total index value which is more than the total loss experienced in the year 2015.

The Widespread negative investor sentiments prevailing in the current market were reflected by most of the sectors having almost no positive contributor to the index. Sri Lanka Telecom (closed at LKR 40.40, -9.0%), Ceylon Tobacco (closed at LKR 955.00, -1.6%), and John Keells Holdings (closed at LKR 165.90, -1.3%) drove the index down.

A healthy turnover of LKR 979mn, demonstrated an active trading session today, in which 23% was represented by crossings. 0.4mn shares (at LKR 165.50 per share) & 0.35mn shares (at LKR 166.50) of John Keells Holdings changed hands while another crossing was recorded in Ceylon Hotels Corporation where 3.3mn shares were traded at LKR 30.00 per share. Accordingly, John Keells Holdings (LKR 222mn), Dialog (LKR146mn) & Ceylon Hotels Corporation (LKR 100mn) were the top contributors to turnover.

Majority of the 236 counters traded today experienced price depreciation as 162 counters dropped, 40 increased and 34 remained unchanged. Nestle Lanka stood out as it remained the only gainer when 19 out of the 20 members of the S&P SL20 index dropped in price as the sellers dominated the market. Cash map marginally decreased from 33% to 32%.

66 scripts reached 52wk low prices, while only Harischandra Mills touched a 52wk high price. 3 subsidiaries of John Keells Holdings namely John Keells Hotels, Asian Hotels & Properties and John Keells Limited dropped to 52wk low prices. Further, high cap financial institutions and banks including Commercial Bank, National Development Bank, Nation Trust Bank, Peoples Leasing, LOLC Finance, Commercial Leasing & Finance & Seylan Bank touched one year lows by the end of today’s trading session.

High investor activity was witnessed in Chevron Lubricants as it reached a 52wk low price of LKR 299.00 but managed to close at LKR 300.00 by the end of trading. Moreover, John Keells Holdings, Commercial Bank, Nation Lanka Finance and Access Engineering were among highly traded counters.

Foreign investors closed the session on the buying side with a net foreign inflow of LKR 57mn after three consecutive sessions of outflows. Foreign participation was 29%. Net foreign inflows were seen in John Keells Holdings (LKR 44mn), Hemas Holdings (LKR 42mn) & Hatton National Bank (non-voting) (LKR 7mn) while net foreign inflows were mainly seen in Chevron Lubricants (LKR 23mn).

Amana Global Limited, a fully owned Subsidiary of Amana Takaful has transferred 10,402,558 shares of Amana Takaful (Maldives) being 51.39% of the total shares of Amana Takaful (Maldives) to Amana Takaful without any purchase consideration. This transaction has been for the purpose of restructuring the Amana Takaful Group.

28.2mn shares of Renuka Foods have been listed in CSE subsequent to a share swap agreement between CI Patel & Company Limited & Eagle View Management Limited.

During the week, main index shed 280.08 index points or 4.16% while S&P SL 20 index declined by 174.28 index points (-4.96%). Harischandra Mills (+18%), Ceylon Hotels Corporation (+7%) and Ceylon Guardian (+3%) were among the top gainers of the week, while Nation Lanka Finance (-20%), Chevron Lubricants (-12%) and Hemas Holdings (-11%) were among the top losers.

The average weekly turnover advanced by 14% to LKR 973mn. John Keells Holdings topped the weekly turnover list with LKR 798mn followed by Commercial Bank (LKR 768mn) and Hemas Holdings (LKR 157mn).

The foreign investors were net sellers during the week recording a net foreign outflow of LKR 666mn. Foreign activity was at 32%. Top net outflows were reported in Commercial Bank (LKR 572mn), John Keells Holdings (LKR178mn) and Cargills (LKR 81mn) while top net inflows were mainly seen in Hatton National Bank (non-voting) (LKR 100mn) and Overseas Realty (LKR 97mn). Subsequent to this week’s net foreign outflow, year-to-date net foreign outflow increased to LKR 2.2bn."

Source : Lanka Securities Research
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Re: Market Review

Postby wmdcf » Fri Jan 15, 2016 10:46 am

Sri Lankan shares fall to over 18-month low
Jan 14 Sri Lankan share index fell more than 1.6 percent to more than 18-month low on Thursday due to rising yields that led investors to shift towards risk-free assets such as government securities amid global worries, brokers said.

The main stock index ended 1.65 percent, or 108.17 points weaker, at 6,446.20, its lowest close since July 2, 2014. The bourse had lost 4.93 percent so far this year as of Wednesday's close.

"The market is falling way too fast with the continued foreign selling and talk of big foreign funds selling Sri Lankan shares due to global volatility," said Dimantha Mathew, research manager at First Capital Equities (Pvt) Ltd.

"Investors are of the view that they will likely see lower prices and are awaiting the psychological barrier of 6,000 mark. But we feel there is a possibility of small rebound with the huge downturn we have seen," he said.

Stockbrokers said some foreign funds have already started selling blue chips including the market heavyweight John Keells Holdings and lender Commercial Bank of Ceylon .

The bourse dipped further into an over sold territory on Thursday with the 14-day relative strength index at 16.689 points versus Wednesday's 20.874, Thomson Reuters data showed. A level between 30 and 70 indicates the market is neutral.

The turnover was at 978.7 million rupees ($6.81 million).

Foreign investors were net buyers fore the first time in four sessions on Thursday due to a block deal, traders said.

They bought a net 56.6 million rupees worth of equities on Thursday. But they have been net sellers of 2.21 billion rupees worth of equities so far this year, compared with 4.43 billion rupees of outflow in 2015.

Analysts said local investors are worried of more monetary tightening after the central bank raised commercial banks' statutory reserve ratio by 150 basis points with effect from Jan. 16.

The yield on 91-day t-bill rose 40 basis points to an over three-month high of 6.78 percent in three weekly auctions since the Dec. 30 monetary policy announcement.

Shares in Sri Lanka Telecom Plc fell 8.33 percent while Commercial Bank of Ceylon lost 2.91 percent, dragging the overall index. Distillers Company of Sri Lanka fell 3.79 percent while John Keells Holdings Plc fell 1.73 percent.

Markets will be closed for Hindu religious holiday on Friday. Trading will resume on Monday. ($1 = 143.8000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez)
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Re: Market Review

Postby PAT » Fri Jan 15, 2016 10:54 am

Bourse back on crash mode, ASPI scores century decline

The Colombo bourse yesterday returned to the crash mode with the market unable to cling on to Wednesday’s modest gain. Both indices down sharply on a turnover of Rs. 978.8 million, up from the previous day’s Rs. 926.7 million, with the ASPI losing 108.17 points (1.65%) and S&P SL20 down 61.29 points (1.80%) with 158 losers ahead of 38 gainers by over four to one while 129 counters closed flat.

"Losses on the ASPI scored over a century," a broker ruefully commented. "Wednesday’s gains were wiped out within minutes of trading commencing. All the most traded stock including several blue chips posted losses."

Block trades in Ceylon Hotels Corporation where a parcel of 3.33 million shares were crossed at Rs. 30 and three parcels of JKH totaling 750,000 shares at Rs. 165.50 (one parcel) and Rs. 166.50 (two parcels) contributed Rs. 224.5 million to the day’s business volume.

"The CHC deal was probably a transfer between connected parties," a broker said.

Dialog which topped the floor trades followed by JKH, Hemas, Commercial Bank (voting) and Chevron provided the bulk of the day’s business on the floor with Dialog where over 14 million shares were done closing 10 cents down at Rs. 10.10 generating a turnover of Rs. 146.06 million.

JKH closed Rs. 2.10 down at Rs. 165.90 on nearly 0.6 million shares, Hemas Rs. 2.10 down at Rs. 165.90 on 1.04 million shares, Commercial Bank down Rs. 3.90 to Rs. 130 on 0.32 million shares and Chevron down Rs. 13.30 to Rs. 300 on 0.1 million shares.

Foreign participation resulted in a net inflow of Rs. 57 mn."

"The ASPI ended sharply lower amid moderate turnover levels," John Keells Stock Brokers reported. "Declines exceeded advances by 4 to 1 with selling witnessed in most sectors.  The diversified, banking, telco, manufacturing, and leisure sectors dominated market turnover including crossings in JKH & Ceylon Hotels Corp."

Diversified Holdings was the most actively traded sector (-1.57%), it noted.

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Re: Market Review

Postby PAT » Mon Jan 18, 2016 8:18 am

Asian market slump drags Lankan equities

The holiday-shortened week ended with both indices recording W-o-W losses. The ASPI declined 280.08 points (or -4.16%) to close at 6446.20 points while the S&P SL20 Index decreased 174.28 points (or -4.96%) to close at 3340.13 points.
John Keells Holdings was the highest contributor to the week's turnover value, contributing LKR 0.79bn or 20.50% of total turnover value. Commercial Bank of Ceylon followed suit, accounting for 19.72% of turnover (value of LKR 0.77bn) while Hemas Holdings contributed LKR 0.16bn to account for 4.04% of the week's turnover.
Total turnover value amounted to LKR 3.89bn (cf. last week's value of LKR 4.26bn), while daily average turnover value amounted to LKR 0.97bn (+14.35% W-o-W) compared to last week's average of LKR 0.85bn. Market capitalization meanwhile, decreased 4.00% W-o-W (or LKR 114.57bn) to LKR 2751.58bn cf. LKR 2866.15bn last week.
Liquidity (in value terms)
Banking, Finance & Insurance sector was the highest contributor to the week's total turnover value, accounting for 30.83% (or LKR 1.20bn) of market turnover. Sector turnover was driven primarily by Commercial Bank of Ceylon, Hatton National Bank, & Hatton National Bank (NV) which accounted for 80.86% of the sector's total turnover.
The Diversified sector meanwhile accounted for 28.02% (or LKR 1.09bn) of the week's total turnover value with turnover driven primarily by John Keells Holdings & Hemas Holdings which accounted for 87.61% sector turnover. The Manufacturing sector was also amongst the top sectoral contributors, contributing 8.06% (or LKR 0.31bn).
Liquidity (in volume terms)
The Banking, Finance and Insurance sector dominated the market in terms of share volume too, accounting for 24.12% (or 26.62mn shares) of total volume, with a value contribution of LKR 1.20bn.
The Diversified sector followed suit, adding 14.77% to total turnover volume as 16.31mn shares were exchanged. The sector's volume accounted for LKR 1.09bn of total market turnover value. The Telecommunication sector meanwhile, contributed 14.49mn shares (or 13.13%), amounting to LKR 0.16bn.
Top gainers & losers
SMB Leasing (NV) was the week's highest price gainer, increasing 33.33% W-o-W from LKR 0.30 to LKR 0.40. Harischandra Mills gained 18.14% W-o-W to close at LKR 2774.90 while Lighthouse Hotel gained 9.40% W-o-W to close at LKR 60.50. Ceylon Hotels Corporation (+7.44% W-o-W) and Beruwala Resorts (+6.67% W-o-W) were also amongst the gainers.
PC Pharma was the week's highest price loser, declining 33.33% W-o-W to close at LKR 0.20. Nation Lanka Finance closed at LKR 2.40 representing a W-o-W decline of 20.00%, while Taprobane Holding (-20.00% W-o-W) and Blue Diamond (NV) (-20.00% W-o-W) also declined.
Foreign investors closed the week in a net selling position with daily average net outflows amounting to LKR 0.17bn relative to last week's daily average net outflows of LKR 0.31bn (+46.00% W-o-W). Daily average foreign purchases declined 24.73% W-o-W to LKR 0.23bn from last week's value of LKR 0.30bn, while daily average foreign sales amounted to LKR 0.40bn relative to LKR 0.61bn recorded last week (-35.49% W-o-W).
In terms of volume, Textured Jersey and Renuka Foods led foreign purchases, while Commercial Bank and Lanka Century led foreign sales. In terms of value too, Textured Jersey and Renuka Foods led foreign purchases while Commercial Bank and JKH led foreign sales.
Point of view
Sri Lankan equities shadowed the rout in Asian markets, falling ~200 points over the week to close below the key 6500 mark. The benchmark ASPI fell 2.9% early in the week before recovering slightly on Wednesday along with most Asian equities which rebounded briefly on the back of stronger-than-expected Chinese Trade data.
The downtrend in Asian equities resumed on Thursday though, as Brent Crude oil prices touched below $30/bbl for the first time in 10 years. Wednesday's recovery on the ASPI was led by bargain-hunting in Banking and Telecommunication counters, but the upward momentum failed to be sustained and the ASPI consequently hit an 18-month low on Friday.
Since the start of the year, the Bourse has declined -6.1% cf. the full year decline of -6.2% in 2015. Foreign selling meanwhile extended the Y-T-D net outflow position to LKR 2.21bn, ~ 42% of the full year net outflow value of LKR 5.32bn in 2015.
Volumes however, remained broadly positive over the week sustained primarily by continued HNI and Institutional buying interest with turnover values averaging LKR 0.97bn (+14.35% W-o-W) over the week. Similar sluggish sentiment is likely to dominate the week ahead as investors look to global financial markets for cues.
The LKR meanwhile increased marginally against most major currencies this week, despite the heavy foreign equity outflows recorded over the past two weeks.
Exporter dollar sales partially offset importer dollar demand towards end-week, consequently pushing the LKR 0.07% higher to close at 143.82 per USD (cf. average of 143.92 LKR/USD last Friday).
The rupee also appreciated 1.6% against the UK Sterling Pound and 0.05% against the Euro from last Friday's close. Interest rates meanwhile, extended its upward trend seen since mid-December last year, with T-Bill yields across all maturities rising this week. Three month yields increased 19 bps to end the week at 6.78%, while the 6M and 12M yields rose 13 bps and 6 bps to reach 7.06% and 7.48%, respectively.

http://www.dailynews.lk/?q=2016/01/18/b ... n-equities
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Re: Market Review

Postby PAT » Mon Jan 18, 2016 6:14 pm

Sri Lanka stocks down 1.9-pct; 18 month low

Jan 18, 2016 (LBO) – Sri Lankan stocks closed down 1.89 percent following the negativity in regional markets and local economic concerns with losses in financial sector stocks, brokers said.

The Colombo benchmark All Share Price Index closed lower 121.59 points at 6,324.61 down 1.89 percent. S&P SL20 closed 60.08 points down at 3,280.05 down 1.80 percent.

Turnover was at 813 million rupees, with 14 stocks closing positive against 180 negative.

“Investors are still keeping away mainy due to local economic concerns and lack of policy direction,” Lanka Securities said.

The main index made losses in John Keells Holdings with the stock closing at 160.70 rupees, down 4.40 rupees with three off the floor trades amounting to 800,000 shares at 165.00 and 164.00 rupees.

Lanka Orix Leasing closed at 75.00 rupees, down 5.80 rupees.

Most of the banking stocks also made losses with Commercial Bank closing at 129.10 rupees, down 0.90 rupees and Sampath Bank closed at 220.00 rupees, down 9.40 rupees.

http://www.lankabusinessonline.com/sri- ... month-low/
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Re: Market Review

Postby PAT » Mon Jan 18, 2016 8:36 pm

Market Review – 18th Jan 2016

Colombo bourse extended the pessimistic sentiment on the opening day of the week as core index shed 1.89%. Main index declined to an 18 month low of 6,324.61, down by 121.59 index points while high cap constitute S&P SL20 index declined by 1.67% or 55.77 index points, where all the banks and finance stocks in the index dropped to a 52wk low price levels.

Price depreciation in market premier, John Keells Holdings (closed at LKR 160.70, -2.7%) and high caps namely, Lanka Orix Leasing (closed at LKR 75.00, -7.2%), Ceylon Cold Stores (closed at LKR 380.00, -5.0%) and Distilleries (closed at LKR 215.00, -2.7%) pinned index performance on red territory.

Daily market turnover was moderate but failed to cross the YTD average daily turnover to LKR 813mn. Three off-the-floor dealings in John Keells Holdings managed to secure the highest turnover position with a contribution of LKR 331mn. 0.8mn shares of JKH changed hands at LKR 164.00-165.00 and accounted for 16% of the total turnover.

Aitken Spence Hotels Holdings (LKR 73mn), Hemas Holdings (LKR 29mn) and National Development Bank (LKR 25mn) were among top contributors to the turnover.

Reflecting the adverse performance, out of 253 counters traded today, 120 declined to 52wk low price levels. Most of the banks such as Commercial Bank (LKR 129.00), National Development Bank (LKR 170.00), DFCC Bank (LKR 152.00), Hatton National Bank (LKR 195.00) and Sampath Bank (LKR 220.00) recorded 52wk lows.

Gainers outweighed the losers, 202 to 25 while 26 counters remained unchanged. Cash map declined from 32% to 17%.

High investor activity was witnessed in both John Keells Holdings and John Keells Holdings warrant 0023. Further, Textured Jersey, Ceylon Grain Elevators and Richard Pieris were among heavily traded stocks for the day.

Foreign investors closed the session on selling side with a net foreign outflow LKR 151mn. Foreign participation was 23%. Net foreign outflows were seen in John Keells Holding (LKR 191mn), Aitken Spence Hotels Holdings (LKR 5mn), Sampath Bank (LKR 4mn) while net foreing inflow was mainly seen in Overseas Realty (LKR 19mn).

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Re: Market Review

Postby PAT » Tue Jan 19, 2016 9:02 am

Stock market’s suffering soars

The Colombo stock market is continuing to suffer as it loses value at a persistent and worsening rate, causing serious concern among investors, apart from baffling the Government and capital market officials.

The market lost a staggering Rs. 255 billion in value last year and so far this year with just 18 calendar days gone the suffering is Rs. 238 billion. Analysts said that the benchmark index ASI’s drop of a single point causes Rs. 420 million loss in value.

Yesterday the market was down by a further 124 points.

In 2015 it was down by 603 points and so far in 2016 it is down by over 500 points. For the first time in three years the market produced a negative return of 6% in 2015. As of yesterday ASPI is down 8% and S&P SL 20 Index is down 9%.

Analysts claimed that around 600,000 stock market investors, especially retailers, are the hardest hit by the relentless loss of value.

The continuous decline and relatively low activity and turnover, apart from lack of foreign buying, have baffled the Government, which otherwise was upbeat of revival in investor sentiment and capital market activity since the 8 January 2015 Yahapalana victory.

Brokers’ frustration has worsened with many finding it difficult to sustain operations and staff. Capital market developers and regulators however remain hopeful of a rebound thought it remains elusive.


Whilst external developments, especially volatile global markets, may have contributed to Colombo’s downfall, most analysts pinned the greater blame on some of the controversial revenue proposals of the Government, among other moves.

For example, analysts argued that the disastrous Super Gains Tax (SGT) led to a decline in net asset value of listed companies in the quarter ended December 2015.

Though the Finance Ministry was elated with the above-normal haul of revenue via SGT, which is estimated to be between Rs. 60 and Rs. 80 billion, analysts said that most firms borrowed to pay the one-off but draconian tax.


“This borrowing as well as additional tax liability in 2016 for several firms has led to a downgrade in future earnings. Whilst the necessary speculative trading is absent, even those who invest based on fundamentals are on the sidelines,” they opined.

The SGT blow also meant an equal amount of investible funds for business growth or diversification was lost. “The SGT killed a potential Rs. 200 billion in future investments,” they added.

Government moves causing loss of investor confidence and optimism have overshadowed the customary blame on an excessive or stiff regulatory regime.

Colombo Stock Exchange officials recently linked the downturn in 2015 for it being an election year as well as to external developments.

“The market performance was not encouraging with drop in indices and volumes. The performance could be attributed to 2015 being an election year and due to local and global economic conditions. However, many significant and important market development activities were initiated during the course of 2015,” CSE Chief Executive Officer Rajeeva Bandaranaiake told FT in early January.

However, Bandaranaike expressed hope that the market would turnaround by end of this year or by early next year.

http://www.ft.lk/article/519717/Stock-m ... ring-soars
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Re: Market Review

Postby PAT » Tue Jan 19, 2016 6:29 pm

Sri Lanka * market update * USD/LKR quoted at 144.00/20

January 19, 2016

Sri Lankan stocks closed down 0.65 percent with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 41.37 points at 6,283.24 down 0.65 percent. S&P SL20 closed 23.06 points down at 3,261.30 down 0.70 percent. Turnover was at 766 million rupees, with 52 stocks closing positive against 112 negative. The main index showed losses in Bukit Darah closed at 401.70 rupees, down 23.30 rupees and Cargills Ceylon closed at 160.00 rupees, down 10.00 rupees. “Investors are keeping away due to lack of policy direction,” Lanka Securities said. (Jan 19, 2016 3.30 p.m)

USD/LKR 144.00/20, dealers said. (Jan 19, 2016 2.00 p.m)

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Re: Market Review

Postby stocks hunter » Tue Jan 19, 2016 8:19 pm

I smell something here. Even the main index is also manipulated by somebody. Just see at the end of trading today there was a great buying pressure. I personally knew there were lots of buying pressure for several shares. Index was down only by 29 points at 2.30 pm. But end result says a different story. This is not the correct picture. There was never a selling pressure at the end. Mkt would have ended green if u have another 5 minutes time period.

Just follow the ASI. I was tracking this for the last one year. Even by 2.30 index is up by 100 points end result comes around 85. In a down situation this getds worsen up.

Somebody please follow this in future.

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Re: Market Review

Postby topcat » Tue Jan 19, 2016 8:39 pm

yes. i also hv seen it sh. but hw it happen?/
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Re: Market Review

Postby nesta » Tue Jan 19, 2016 9:41 pm

if mkt closed at the 2.30 pm close prices are based on the last one hour trades. its called volume weighted average price more details refer following link
http://www.cse.lk/pdf/Amended_Closing_C ... dology.pdf

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Re: Market Review

Postby PAT » Wed Jan 20, 2016 12:10 am

Market Review – 19th Jan 2016

Colombo stock exchange fell sharply at the start of trading on Tuesday, however managed to recover to close at a slightly improved note at 6,283.24, still marking a decline of -41.37 index points or -0.65%. S&P SL20 index followed the same trend, losing -23.06 index points or -0.70% to close at 3,261.30.

Cargills (closed at LKR 158.00, -7.06%) & Bukit Darah (closed at LKR 402.00, -5.41%) were amongst the top negative contributors to the index, where the 2 scripts alone caused the index to drop by -10.82 index points. Lanka Orix Leasing Company (closed at LKR 76.50, 2.00%) was the top positive contributor to the index.

Market turnover was slightly below par at LKR 766mn, with institutional investors accounting for 16.7% of the daily turnover. Distilleries topped the turnover list with LKR 117mn underpinned by a crossing of 0.5mn shares at LKR 215.00 per share. Furthermore, 0.13mn shares of John Keels Holdings changed hands at LKR 158.80 per share. Textures Jersey (LKR 53.7mn) & John Keells Holdings (LKR 48.5mn) were next best contributors to total turnover.

Market breath displayed a more balanced outlook today when compared to the past few days as 80 counters increased in price, 105 counters spiraled down and 54 remained unchanged. Cash map sharply advanced from 17% to 48%. 106 counters touched 52wk low prices, which included blue chip Finance institutes, namely Hatton National Bank, National Development Bank, Commercial Bank, DFCC bank, Sampath Bank, Peoples Leasing & Finance Company & Lanka Orix Leasing Company.

High investor activity was witnessed in Textures Jersey, followed by 2 poultry counters, namely Ceylon Grain Elevators & Three Acre Farms. Along with the price decline in John Keells Holdings (LKR 160.00, -0.4%), warrant 23 touched a 52wk low of LKR 17.00, but managed to close at LKR 18.10, down by 12.1%.

Ordinary voting shares of Ceylon Beverages Holdings have been transferred from the main board to the Diri Savi Board of the CSE, with effect from 19th January 2016, at the request of the company.

Foreign investors were net buyers today with a net foreign inflow of LKR 6mn. Foreign participation was 25%. Net foreign inflows were seen in Hatton National Bank non-voting (LKR23mn), Nestle Lanka (LKR 11mn) & John Keells Holdings (LKR 7mn) while net foreign outflows were mainly seen in Commercial Bank (LKR 27mn).

Lanka Securities Research
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Re: Market Review

Postby SHARK » Wed Jan 20, 2016 12:18 am

Very Interesting to NOTE .... NEST HNB and JKH were foreigner picks :D
Price is what you pay. Value is what you get.”

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Re: Market Review

Postby stocks hunter » Wed Jan 20, 2016 6:20 am

nesta wrote:if mkt closed at the 2.30 pm close prices are based on the last one hour trades. its called volume weighted average price more details refer following link
http://www.cse.lk/pdf/Amended_Closing_C ... dology.pdf


Nesta,

I know about the vwa prices. But my issue is always it goes to fuel the negative side only.


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