Market Review

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Re: Market Review

Postby PAT » Wed Oct 04, 2017 2:40 pm

Sri Lankan shares post over 7-wk closing high in high turnover

Reuters - Sri Lankan shares rose for the fourth straight session on Tuesday and closed at their highest level in more than seven weeks, with banks leading the gains.

Turnover hit a two-week high due to buying across the board, while foreign investors continued to purchase Sri Lankan equities.

The Colombo stock index ended 0.36 percent higher at 6,494.22, its highest close since Aug. 10.

The index gained 0.2 percent last week, in its third straight weekly gain.

Turnover stood at 1.3 billion rupees ($8.49 million), its highest since Sept. 20 and well above this year’s daily average of 915.1 million rupees.

Strong buying interest continued to be seen along with foreign buying, said Dimantha Mathew, head of research at First Capital Holdings.

“Investors were buying blue chips and there were all sorts of buying. We expect the overall positive sentiment in the market to continue for a few more days,” he said.

Analysts said the market shrugged off a statement by the International Monetary Fund on Friday that Sri Lanka’s central bank should be ready to tighten monetary policy to contain inflation and credit growth.

Foreign investors bought a net 9.6 million rupees worth of shares on Tuesday, extending the year-to-date net foreign inflow to 18 billion rupees worth of equities.

Shares of Commercial Bank of Ceylon Plc, the country’s biggest listed lender, rose 1.6 percent, Hatton National Bank Plc gained 2.1 percent and Cargills (Ceylon) Plc ended 3.8 percent firmer.

Sampath Bank Plc rose 3.2 percent and conglomerate John Keells Holdings Plc ended up 0.6 percent.
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Re: Market Review

Postby PAT » Thu Oct 05, 2017 4:52 am

Sri Lankan shares end up, foreigners buy into Com Bank

ECONOMYNEXT – Sri Lankan shares ended higher Wednesday, buoyed by continued buying by foreign investors, much of it in Commercial Bank, which boosted turnover, brokers said.

The All Share Price Index rose 12.87 points (0.20%) to end at 6,507.09 while the more liquid SP SL20 index closed at 3,781.64, up 28.77 points (0.77%). Turnover was Rs 2,444 million.

Asia Securities said crossings, or off-the-floor negotiated deals, accounted for 74% of turnover with three crossings each in Commercial Bank.

The stock closed at Rs145.90, up 3.99%, and accounted for most of the foreign buying.

Estimated net foreign selling was highest in Nestle Lanka.

SC Securities said the benchmark index was pushed up by gains in Commercial Bank, LOLC, Lion Brewery, Trans Asia Hotels and Asiri Hospital Holdings.

Foreigners were net buyers for the day, with a net foreign inflow of Rs1,913 million.
(COLOMBO, October 4, 2017)
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Re: Market Review

Postby PAT » Sat Oct 07, 2017 4:35 am

Top businessman divests 13 million Commercal Bank shares to foreigner in CSE boost

A top businessman Indra Perera divested 13.13 million of his Commercial Bank shares to the tune of Rs. 1.9 million to a foreign investor on Wednesday. The foreign investor is yet unknown, but the sale helped to boost the market that day since it was a block trade or crossing.

Amid of those developments, the Colombo Stock Exchange (CSE) was somewhat active yesterday because several selected stocks were traded in an unprecedented manner. However, the day's turnover stood at Rs922 million with two crossings. Those crossings were: Tokyo Cement 2.6 million shares crossed to the tune of Rs. 189.7 million at a per share value of Rs. 71 and Sampath Bank 474,000 shares crossed to the tune of Rs. 154,5 million at a per share value of Rs. 326,

In the retail market, the companies that mainly contributed to day's turnover were: Sampath Bank Rs. 149.9 million (459,000 shares traded), JKH Rs. 54,3 million (329,000 shares traded) and Commercial Bank Rs. 45.95 million (313,000 shares traded).

Both indices, ie, the All Share Price index moved up by 22.69 points and S and P SL20 went up by 22.35 points. It is said that 23 million shares changed hands in 7263 transactions.

Meanwhile, JKSB reported as follows -

ASPI: 6,529.05 (+21.96 pts; +0.34%); Val T/O: Rs. 922mn (US$6.02mn); Vol T/O: 23.0mn; Trades: 7,263

Advance/decline ratio: 129/58; Top gainer: MHDL.N (+16.10%) ; Top loser: MSL.N (-16.47%)

Highlights:

The ASPI ended higher today amid moderate turnover levels. SAMP, TKYO, JKH, and COMB led market activity including crossings. Trading in SAMP amounted to 33% of total turnover.

Banks, Finance, & Insurance was the most actively traded sector (+0.42%)

Healthcare was the best performing sector (+2.34%), supported by gains on NHL (+2.08%)

Power & Energy was the worst performing sector (-1.82%), dragged down by declines on LGL (-0.81%)
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Re: Market Review

Postby PAT » Mon Oct 09, 2017 3:34 pm

All Share Price Index clears 6,500 as shares surge

Markets surged ~91 points last week (+1.4% gain week-in-week) helping the main share price index push past the key 6,500-level for the first time since early August, Acuity Stockbrokers said in their Share Market Weekly.


"The All Share Price Index which has been bottoming out from its low of 6,361.03 points in early Sept., hit a two-month high of 6,529.05 on Friday, spurred by a renewed interest in Banking & Finance stocks," it reported.


"Wednesday’s strategic trade in Commercial Bank boosted the overall Banking & Finance sector, with the Banks & Finance sector index increasing 3.6% amid major counters such as COMB, HNB, LOLC and SAMP contributing ~49 Index points to the ASPI’s overall gain of 91 points."


Crossings over the week consequently amounted to a little over 50% of total market turnover, the report said, with COMB’s trades of ~12Mn shares accounting for ~67% of the week’s crossings.


Acuity said retail interest was driven by active trading in some lower-priced plantation stocks. The general recovery in activity helped push daily average turnover levels to a 3-week high with average turnover hitting LKR 1.32Bn cf. LKR 0.73Bn the previous week and LKR 0.89Bn the week prior.


The report noted that net foreign flows to the bourse had remained positive for the third consecutive week since the outflow in mid-September amid the strategic transaction in Singer Sri Lanka.


"Foreign interest in domestic equities has remained consistently positive since Feb’2017, tracking the general trend in global appetite for risky assets. Emerging and Frontier market equities have been experiencing record gains this year, with the MSCI EM gaining 28% and the MSCI FM index gaining 20% year-to-date," the report said.


"Foreign flows to Sri Lankan equities have tracked this general trend, helping the Index record a year-to-date gain of 5.4% and wipe off losses from early in the year. Markets in the week ahead are likely to retain the current positive momentum."
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Re: Market Review

Postby PAT » Mon Oct 09, 2017 6:46 pm

Profit taking breaks Sri Lanka stocks rally

ECONOMYNEXT – Sri Lankan stocks closed lower on Monday on profit taking in banks and conglomerates, ending a six-day rally that had taken the market to a more than two-month high, brokers said.

The benchmark All Share Price Index ended 13.21 points (0.20%) lower at 6,515.84 while the more liquid SP SL20 index closed at 3,796.64, down 0.79 points (0.02%).

Turnover was Rs1,003 million with crossings or off-the floor negotiated deals accounting for half of it, Asia Securities said.
.
There were three crossings I Sampath Bank and two each in Hatton National Bank and Hemas Holdings.

Foreign investors were net buyers of Rs225.2 million worth of shares, Asia Securities said.

Estimated net foreign buying was highest in Sampath Bank while estimated net foreign selling topped in National Development Bank.

(COLOMBO, October 9, 2017)
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Re: Market Review

Postby PAT » Wed Oct 11, 2017 9:32 pm

Sri Lanka shares end higher, foreigners sell

ECONOMYNEXT – Sri Lankan shares ended higher Wednesday with the benchmark index pushed up by gains mainly in the banking sector while foreign investors were net sellers, brokers said.

The All Share Price Index closed up 35.93 points (0.55%) at 6,559.61 while the more liquid SP SL20 index closed at 3,870.42, up 36.46 points (0.95%). Turnover was Rs1.9 billion.

SC Securities said gains in shares such as Hatton National Bank, Sampath Bank, Lanka Orix Leasing Company, Ceylon Cold Stores and Sri Lanka Telecom helped push up the ASPI.

Foreigners were net sellers for the day, with a net foreign outflow of Rs133 million, they said.

Foreign buying was mainly in John Keells Holdings and selling in National Development Bank.
(COLOMBO, October 11, 2017)
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Re: Market Review

Postby PAT » Fri Oct 13, 2017 2:20 am

Sri Lankan stocks rally for third day, foreigners sell

ECONOMYNEXT – Sri Lankan stocks rose for the third straight session Thursday, the benchmark index lifted by gains in Hatton National Bank, where foreign buying was seen, and Sri Lanka Telecom and Ceylon Cold Stores, brokers said.

The All Share Price Index rose 61.95 points (0.94%) to end at 6,621.56, the highest in two-and-a-half months, while the more liquid SP SL20 index closed up 47.22 points (1.22%) to reach 3,917.64. Turnover was Rs1.4 billion.

Asia Securities said estimated net foreign buying was mainly in HNB which closed at Rs270, up 2.7%, and net selling in John Keells Holdings, which ended unchanged at Rs163.

Crossings or off-the-floor negotiated deals accounted for 36% of turnover with two crossings each in Commercial Bank and JKH and one crossing each in Central Finance and Sampath Bank.
(COLOMBO, October 12, 2017)
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Re: Market Review

Postby PAT » Sat Oct 14, 2017 11:10 am

Mixed reaction in CSE

Performance in the Colombo Stock Exchange (CSE) indicated mix reaction yesterday.Thus All Share Price Index moved up 10.74 points and S and P SL20 was lower by 2.22 points. Profit realization by investors, influenced the market performances causing general downward trend in the market.


Amid these developments the turnover stood at Rs 688.52 million with three crossings. This turnover level was lower than this year’s daily average of Rs 938.4 million.


Registered crossings were NDB 215,0000 shares crossed at Rs 30 million and per share value Rs 139.50, HNB 88000 shares crossed at Rs 23.76 million and per share value Rs 270 and Central Finance 260,000 shares crossed at Rs 21.59 million and per share value Rs 86.


"Interest on banks was high. Mid-cap and plantation shares were also on demand," stock market analysts said.


In the retail market, the companies that mainly contributed to the day's turnover were JKH Rs 123 million (755,000 shares traded), Sampath Bank Rs 68 million (194,000 shares traded) and Tokyo Cement (Non Voting) Rs 44 million (679,000 shares traded). During the day 30.56 million shares changed hands in 7693 transactions.
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Re: Market Review

Postby Contra » Sun Oct 15, 2017 8:22 am

We saw some weakness in selected counters in banking and Finance and plantation sector on Friday. So far in 2017, despite weak market those who invested and traded in winning stocks in plantations, selected diversify and banking and Financials have helped them to realize capital gain, to minimize losses or recover losses etc. Some selected stocks in hotels and manufacturing also had some rally and surge in 2017. What would be next winners for remaining months of 2017 and 2018?
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Re: Market Review

Postby PAT » Sun Oct 15, 2017 9:21 am

ASPI sails past 6,600 points

Markets sailed past the 6,600-mark last week, gaining ~103 points W-o-W as strong gains on the benchmark All Share Price Index (ASPI) wiped off Monday’s 13-point loss, Acuity Stockbrokers reported in their Stock Market Weekly.


"Active participation by both retailers and Institutional/High Net Worth investors helped drive the Index and turnover levels, resulting in PER (Price Earnings Ratio) levels on the ASPI climbing to 11.03x against 10.86x the previous week," the report said.


"Although a decline from the previous week, crossings over the week amounted to ~39% of total market turnover (compared to 51% a week earlier), led by continued interest in the Banking sector which helped prop market activity for the second consecutive week."


Counters in the Banks & Finance sector contributed to ~43% of the ASPI’s 103-point gain last week compared to an ~54% contribution to the Index the previous week, the report said.


It noted that relative to a week earlier, when the country’s largest listed private bank COMB accounted for the majority of market movement, last week’s crossings were dominated by strong buying interest in SAMP which accounted for ~48% of the week’s total crossings turnover.


The interest in SAMP led to the counter being the third highest contributor to the Index (9.64 points) last week with the highest contributors to the Index remaining Ceylon Cold Stores and HNB which contributed a cumulative 41.48 points, resulting in the top three contributors to the Index accounting for ~51% of the Index’s 103 point gain over the week.


Foreign investors were net buyers yet again last week, although the net buying position fell to LKR 0.31Bn against LKR 1.85Bn a week earlier as foreign sales rose over the week while foreign buying (compared to a week earlier) remained largely flat, the Acuity report said.


Acuity expected markets this week likely to retain the current positive momentum although some profit taking is likely given that markets have risen 4.1% in the last month.
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Re: Market Review

Postby PAT » Mon Oct 16, 2017 9:35 pm

Sri Lankan shares end down

ECONOMYNEXT – Sri Lankan stocks closed weaker Monday after five sessions of gains, the benchmark index dragged lower by falls in prices of banking shares, while foreigners were net buyers, brokers said.

The All Share Price Index fell 36.36 points (0.55%) to close at 6,595.94 while the more liquid SP SL20 index closed at 3,845.30, down 70.12 points (1.79%). Turnover was Rs395 million.

Asia Securities said foreign investors were net buyers of Rs3.3 million worth of shares, mostly in mobile phone operator Dialog Axiata.

Estimated net foreign selling topped in National Development Bank.
(COLOMBO, October 16, 2017)
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Re: Market Review

Postby voight » Mon Oct 16, 2017 10:51 pm

Foreigners still exiting NDB. Have to wait for interim FS to check status of foreign funds, Pacific Fund and Asia Fund.
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Re: Market Review

Postby PAT » Tue Oct 17, 2017 9:46 pm

Sri Lankan shares end down

ECONOMYNEXT – Sri Lankan shares ended weaker for a second day Tuesday with the sale among the owning family of a controlling stake in East West Properties which has a subsidiary operating a Marriot resort on the south coast boosting turnover, brokers said.

The All Share Price Index fell 23.89 points (0.36%) to close at 6,572.05 while the more liquid SP SL20 index rose 2.68 points (0.1%) to close at 3,847.98. Turnover was Rs1.89 billion.

First Capital Equities said the ASPI showed a continuous down trend during the day, while a low foreign participation led to a net foreign out flow from the market.

Price depreciation in 78 counters led by Dialog Axiata and Sri Lanka Telecom weighed heavily on the index negating the effect of 47 positive contributors led by Ceylon Cold Stores and Commercial Bank, they said.

A stake of almost 64% or 88.3 million shares of East West Properties (Pvt) Ltd., held by Asia 2000 Investments Inc., owned by Nahil Wijesuriya, was sold at Rs12.40 a share for Rs1.1 billion. The sale was to Wijesuriya's children, Vijitha, Vinodhini and Vajira, a stock exchange filing said.

East West Properties closed at Rs12.90, up 50 cents or 4%.

The company has a 71.8% stake in Weligama Hotel Properties, whose Marriott Resort & Spa in Weligama Bay with 198 rooms began operations in July 2017.
(COLOMBO, October 17, 2017)
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Re: Market Review

Postby PAT » Thu Oct 19, 2017 9:14 pm

Sri Lankan stocks down, tuna exporter soars

ECONOMYNEXT – Sri Lankan shares ended lower for the third day Thursday with foreigners net buyers, buying into John Keells Holdings while retail interest was seen in tuna exporter Tess Agro which gained sharply, brokers said.

The All Share Price Index fell 16.59 points (0.25%) to close at 6,555.46 while the more liquid SP SL20 index ended at 3,827.59, down 20.39 points (0.53%). Turnover was Rs 1,070 million.

Asia Securities said retail activity was seen in stocks like Chevron Lubricants Lanka, Tess Agro PLC and Sampath Bank.

Tess Agro, which exports tuna fish and operates a cold chain storage facility, was the most traded stock and one of the highest gainers, ending at Rs1.50, up 15%

First Capital Equities said the market drifted lower during the day with both turnover and volume down, while a low foreign participation led to a meagre net foreign in flow into the market.

Foreign buying was mainly in JKH while selling was mainly in Chevron Lubricants Lanka, People’s Leasing Company and National Development Bank.
(COLOMBO, October 19, 2017)
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Re: Market Review

Postby GB » Thu Oct 19, 2017 9:56 pm

Thanks PAT

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Re: Market Review

Postby PAT » Fri Oct 20, 2017 11:59 am

External environmental pressure impacts CSE

Imports in an upwards spiral comparing stagnant exports created a negative impact on foreign reservers. Companies listed in the Colombo Stock Exchange (CSE) were affected.


Some directly while others experienced negative repurcussions.


The August import bill was US $ 1.86 billion while export indicators were US $ 1 billion causing repurcussions on the economy. Further, in the same month fuel imports increased 73 percent, which was also a desultory factor stock market analysts said.


Subject to these developments both indices showed decline ie All Share Price Index 16.59 points and S and P SL20 9.69 points. The day's turnover stood at Rs 1.07 billion with four crossings.


Those crossings were Sampath Bank 430,000 shares crossed to the sum of Rs 146.2 million at the share value of Rs 340, TJL crossed three million shares for Rs 115.5 million per share value of Rs 38.50, People's Leasing 2.74 million shares crossed for Rs 47.95 million per share value Rs 17.50 and JKH 214,000 shares crossed for Rs 34.95 million and per share value Rs 163.


In the retail market companies that mainly contributed to turnover were JKH Rs 245 million (1.5 million shares traded), NDB Rs 124 million (908,000 shares traded) and Sampath Bank Rs 93 million (273,000 shares traded).


During the day 30.66 million shares traded in 4975 transactions.


Market analysts said that tea and apparel exports grew considerably during the recent past but imports have grown more than than exports, which created major foreign exchange pressure to the economy.
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Re: Market Review

Postby PAT » Sat Oct 21, 2017 1:24 am

Sampath Bank contributes 64 per cent of CSE turnover

Sampath Bank stocks contributed more than 64 percent of the day's turnover at the Colombo Stock Exchange (CSE) yesterday taking its total turnover to Rs. 568. 1 million, with one crossing. The crossing was from Sampath Bank, which crossed 435,000 shares to the tune of Rs. 147.8 million at a per share value of Rs. 340.


Further, both indices went up, ie, the All Share Price Index rose 17.24 points and S and P SL 20 by 13.96 points. In the retail market, companies that mainly contributed to the day's turnover were: Sampath Bank Rs 218 million (642,000 shares traded), Chevron Lubricants Rs. 37.8 million (324,000 shares traded) and HNB Rs. 15.5 million(61000 shares traded). During the day 19.1 million share volumes changed hands in 4821 transactions. 'The market continues to be in the red zone with investors selling shares which gained in the past few days, market analysts said. . 'Retail investors are on the sidelines but turnover was boosted by some big deals, analysts said.


Meanwhile, JKSB adds:


ASPI: 6,572.70 (+17.24 pts; +0.26%); Val T/O: Rs. 568mn (US$3.70mn); Vol T/O: 19.0mn; Trades: 4,821


Advance/decline ratio: 118/75; Top gainer: SEMB.X (+33.33%) ; Top loser: SLND.N (-17.39%)


Highlights:


*The ASPI ended higher today amid subdued market turnover. SAMP, LLUB, HNB, and CTC led activity levels with multiple crossings seen in SAMP. Trading in SAMP amounted to 64% of total turnover.


*Banks, Finance, & Insurance was the most actively traded sector (-0.21%)


*Beverage, Food, & Tobacco was the best performing sector (+1.41%), supported by gains on CTC (+2.99%)


*Power & Energy was the worst performing sector (-0.88%), dragged down by declines on LIOC (-2.27%)
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Re: Market Review

Postby PAT » Mon Oct 23, 2017 9:46 pm

Sri Lanka stocks down, block deal in Sampath Bank

ECONOMYNEXT – Sri Lankan shares ended weaker Monday with a crossing or off-the-floor negotiated block deal in Sampath Bank accounting for just over half the turnover, brokers said.

The All Share Price Index fell 2.14 points (0.03%) to 6,570.56 while the more liquid SP SL20 index closed down 4.28 points (0.11%) at 3,827.14. Turnover was just over Rs1 billion.

First Capital Equities said both turnover and volume increased owing to high foreign participation which led to a marginal net foreign inflow into the market, although low compared to the previous week's closing levels.

Foreign buying was mainly in Chevron Lubricants Lanka and National Development Bank while foreign selling was mainly in Tokyo Cement and John Keells Holdings.
(COLOMBO, October 23, 2017)
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Re: Market Review

Postby PAT » Wed Oct 25, 2017 7:01 am

Sri Lankan shares up, deal in Ascot Holdings

ECONOMYNEXT – Sri Lanka’s benchmark stock index closed higher Tuesday with Ascot Holdings gaining sharply on foreign buying, brokers said.

The All Share Price Index rose 19.94 points (0.30%) to close at 6,590.50 while the more liquid SP SL20 index fell 2.03 points (0.05%) to close at 3,825.11. Turnover was Rs 744 million.

Ascot Holdings was the day’s highest gainer, up 32% to end at Rs43.70 and also accounted for the highest turnover and highest net foreign buying.

A stock exchange filing said Eighth Wonder, a company registered in the Mauritius, considered a tax haven, along with two investors in London and one in Colombo bought a 45% stake in Ascot at Rs42.50 a share for a total of Rs242 million.

Asia Securities said crossings or off-the-floor negotiated deals accounted for 49% of the turnover with two crossings in Ascot and one crossing in Dialog Axiata.
(COLOMBO, October 24, 2017)
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Re: Market Review

Postby PAT » Thu Oct 26, 2017 11:52 pm

Sri Lanka stocks end up, foreigners by JKH

ECONOMYNEXT – Sri Lankan stocks closed higher Thursday with foreign investors net buyers, taking stakes in John Keells Holdings, the island’s biggest conglomerate, and banks, brokers said.

The All Share Price Index rose 18.65 points (0.28%) to close at 6,633.20 while the more liquid SP SL20 index closed at 3,896.03, up 34.58 points (0.90%). Turnover was Rs1.17 billion.

The benchmark ASPI was lifted by gains in Commercial Bank and Hemas Holdings.

Asia Securities said crossings or off-the-floor negotiated deals accounted for almost 40% of turnover with three deals in Hemas Holdings and two each in JKH) and Ceylon Cold Stores.

Foreign investors were net buyers of Rs36.1 million worth of shares with estimated net foreign buying mainly in JKH.

Estimated net foreign selling was mainly in Hatton National Bank.
(COLOMBO, October 26, 2017)
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Re: Market Review

Postby PAT » Sat Oct 28, 2017 10:37 am

Turnover plunge at CSE

JKSB summed-up yesterday's CSE trading as follows -


ASPI: 6,612.91 (-20.29 pts; -0.31%); Val T/O: Rs. 353mn (US$2.30mn); Vol T/O: 17.7mn; Trades: 5,737


Advance/decline ratio: 105/119; Top gainer: LAMB.N (+13.60%) ; Top loser: SHAL.N (-16.60%)


Highlights:


*The ASPI ended lower today amid weak market turnover. PLC, PINS, and TJL saw market activity, while trading in PLC amounted to 15% of total turnover.


*Banks, Finance, & Insurance was the most actively traded sector (-0.46%)


*Investment Trusts was the best performing sector (+1.57%), supported by gains on GUAR (+3.20%)


*Information Technology was the worst performing sector (-1.36%)
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Re: Market Review

Postby PAT » Sun Oct 29, 2017 8:15 pm

Shares positive after previous week’s downturn

Equity markets rebounded to a net positive position after a week’s hiatus, gaining 40 index points week-on-week against the previous week’s decline of 60 points, Acuity Stockbrokers said in their Share Market Weekly.


"The ASPI consequently pushed past the 6,600-level, to touch a one-week high of 6,633 points as retailers who have been largely on the sidelines over the past few weeks re-entered markets on expectations that the prevailing low interest rate environment would continue for longer," it said.


The report noted that equity markets in October rose 2.7%, helping wipe-off some of the losses recorded at the start of the third quarter this year (-5.5%) in the run up to parliamentary approval of the new Inland Revenue bill with the All Share Price Index losing 4.6% over the quarter as tax concerns dominated markets.


"But the greater certainty post-approval of the tax reforms have led to markets rebounding strongly to gain ~250 points in the weeks following approval of the Act," the report said.


Although lower than the previous week, Institutional and high net worth investor activity also remained relatively strong, with crossings for the week accounting to 42% of total market turnover (cf. 55% the previous week) amid heavy activity in Sampath Bank, Ceylon Cold Stores and JKH which cumulatively accounted for ~25% of total market turnover for the week,. Acuity said.


"Interest in Dialog and a strategic transaction in Ascot also helped propel turnover levels, with crossings in Dialog accounting for 10% of total crossings and Ascot accounting for 11% of the week’s total crossings," it added.


"Despite this activity, average daily turnover levels (LKR 0.83Bn) fell 15% over the week to close 11% lower than the year-to-date average of LKR0.94Bn. Net foreign flows to the bourse however, rebounded to a positive position last week, totaling LKR 535Mn against the previous week’s outflows of LKR1.1Bn.:


Acuity expected markets this week ahead are likely to look for cues from Sept. quarter corporate earnings which have begun trickling in.


John Keells Stock brokers reported that the ASPI ended 0.61% higher for the week amid moderate turnover levels. Activity centered around the banking, finance & insurance, and diversified sectors and accounted for a majority of the week’s turnover. Foreign participation resulted in a net inflow of Rs.535mn.
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Re: Market Review

Postby PAT » Mon Oct 30, 2017 10:02 pm

Sri Lankan shares up, foreign buying in JKH, Com Bank

ECONOMYNEXT – Sri Lanka’s benchmark stock index closed lower Monday while foreign buying of John Keells Holdings and Commercial Bank pushed up turnover, brokers said.

The All Share Price Index fell 5.77 points (0.09%) to close at 6,607.14 while the more liquid SP SL20 index closed at 3,879.12, up 6.62 points (0.17%). Turnover was Rs2.5 billion, 79% of which was made up of crossings or off-the-floor negotiated block deals.

Asia Securities there were six crossings in JKH, one in Commercial Bank, three in Lion Brewery, and two in Sampath Bank. JKH closed unchanged at Rs161 while Commercial Bank rose 2.44% to Rs147.10.

“Foreign investors were net buyers of Rs136.5 million worth of shares, while their participation in terms of revenue increased to 82.7% from the previous day’s 16.5%,” the brokers said.

Estimated net foreign buying was mainly in JKH and Commercial Bank while net foreign selling was mainly in Dialog Axiata.
(COLOMBO, October 30, 2017)
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PAT
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Re: Market Review

Postby PAT » Tue Oct 31, 2017 9:34 pm

Sri Lankan shares up, foreign buying in Com Bank, HNB

ECONOMYNEXT – Sri Lankan stocks closed higher Tuesday with foreigners continuing to buy, taking stakes in two banks and a conglomerate, brokers said.

The All Share Price Index rose 10.22 points (0.15%) to close at 6,617.36 while the more liquid SP SL20 index closed at 3,899.88, up 20.76 points (0.54%). Turnover was Rs733 million.

Asia Securities said foreign investors were net buyers of Rs166.7 million worth of shares, accounting for about 46% of revenue down from the previous day’s 82.7%.

Foreign buying was highest in Commercial Bank, followed by Hatton National Bank and Hemas Holdings while foreign selling was mainly in HNB non-voting shares.
(COLOMBO, October 31, 2017)
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Re: Market Review

Postby GB » Tue Oct 31, 2017 9:43 pm

Thanks PAT..


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