Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» i am new comers forum
by faz1 Yesterday at 9:38 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:54 pm

» ALHP WILL MOVE UP SOON
by ruwan326 Yesterday at 8:40 pm

» expo.. @4.00
by ruwan326 Yesterday at 8:34 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by Ryan Hudson Yesterday at 1:56 pm

» Wach out for RIL
by ruwan326 Yesterday at 10:41 am

» MARKET CRASH - GUARANTEED
by anjelo Yesterday at 10:31 am

» FLCH , BIL
by anushka25 Mon Jul 16, 2018 10:18 pm

» LDEV GEARING UP
by ruwan326 Mon Jul 16, 2018 8:06 pm

» Monday blood bath
by ruwan326 Mon Jul 16, 2018 12:41 pm

» Sri Lankan shares extend gains to 2-week closing high
by ruwan326 Mon Jul 16, 2018 11:40 am

» Free earn 120$...or above
by Uaecoindubai Mon Jul 16, 2018 12:01 am

» Good bye your job and earn 20-30% per month
by Uaecoindubai Sun Jul 15, 2018 10:05 pm

» John Keells Miserable Future until 2020
by DS Wijesinghe Sun Jul 15, 2018 5:32 pm

» Summary of Key Announcements during the week end 13July 2018
by ruwan326 Sun Jul 15, 2018 7:59 am

» BIL & FLCH
by ruwan326 Fri Jul 13, 2018 10:26 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Market back in the red as CSE loses some Wednesday gains

Market back in the red as CSE loses some Wednesday gains

Go down  Message [Page 1 of 1]

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The Colombo bourse was back in the red yesterday on a low turnover of Rs. 588.9 million, down from Rs. 646.96 million the previous day, with the indices losing about half Wednesday’s gains – the ASPI down 23.31 points (0.32%) and S&P SL20 12.83 points (0.33%) with 78 gainers trailing 110 losers while 136 counters closed flat.
"The market is going nowhere with turnover remaining thin and over 40 percent of the day’s business coming off block trades in Dialog, Distilleries and Tokyo, both voting and non-voting," a broker said. "There was a little retail play but most investors are on the sidelines on a wait-and-see mode."
Dialog saw 10 million shares crossed in two parcels of five million each at Rs. 11.20 contributing Rs. 112 million to turnover, Distilleries a parcel of nearly 0.33 million shares crossed at Rs. 280 (Rs. 92.2 million), Tokyo a parcel of 0.5 million voting shares crossed at Rs. 52 (Rs. 26 million) and a parcel of 0.5 million non-voting shares crossed at Rs. 41.50 (Rs. 20.8 million). The block trades contributed Rs. 251 million to the day’s business volumes.
Foreign activity was in line with turnover with a small outflow of Rs. 17.38 million with purchases of Rs. 171.60 million behind sales of Rs. 188.97 million.
The chicken stock, Ceylon Grain Elevators and Bairaha Farms, saw both volume and price gains with Grains which topped the floor trades closing Rs. 3.60 up at Rs. 82.90 with over 0.5 million shares done between Rs. 78.10 and Rs. 83 positing a turnover of Rs. 41.9 million. Bairaha closed two rupees up at Rs. 180 on 53,323 shares done between Rs. 175.70 to Rs. 180 (Rs. 9 million).
"Retail play was evident in Grains," a broker said.
"The ASPI saw declines amid weak turnover levels," John Keells Stock brokers said in a market wrap. "The manufacturing, telco, beverage, food & tobacco, and diversified sectors accounted for a majority of turnover with crossings seen in DIAL, TKYO (voting), DIST, and TKYO (non-voting).
Manufacturing was the most actively traded sector (-0.37%), the report noted.
Illiquid Kalamazoo saw an unusually large volume of 34,341 shares done yesterday closing Rs. 219.70 down at Rs. 1,600 trading between 1,067.70 and Rs. 1,810 with the bulk of the shares done in a fraction of a second indicating a single buyer or seller.
JKH closed 20 cents down at Rs. 175 on 0.18 million shares done between Rs. 174.80 and Rs. 177 while more of the Hayleys employees shares were transacted with the counter closing 10 cents up at Rs. 331 on 67,235 shares.
Among the most traded banking stock, Commercial Bank (voting) closed 30 cents down at Rs. 167 on 84,581 shares, NDB Rs. 1.90 down at Rs. 233.10 on 50,250 shares and Sampath 10 cents down at Rs. 262 on 42,942 shares.
Courtesy: The Island 10 September 2015

Back to top  Message [Page 1 of 1]

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