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

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Colombo Bourse Concludes Choppy Trading Week

Colombo Bourse Concludes Choppy Trading Week

Go down  Message [Page 1 of 1]

1 Colombo Bourse Concludes Choppy Trading Week on Mon Sep 14, 2015 9:12 am

Melissa Pereira

Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Colombo shares concluded a choppy trading session on Friday with negative returns amid worries on economic conditions and changes in government policies in the next budget. Benchmark All Share Price index lost 6.45 points or 0.09% to end at 7,153.49 while S&P SL 20 index lost 14.27 points (-0.36%) to end at 3,910.40.
Price depreciations in blue chips such as Dialog Axiata (closed at LKR 11.20, -0.9%), Commercial Bank (closed at LKR 166.00, -0.6%) and Chevron Lubricants (closed at LKR 380.00, -1.3%) dragged the index performance to the negative zone.
Daily market turnover was LKR 475mn. Dialog Axiata topped the turnover list with LKR 96mn underpinned by three crossings where 8mn shares changed hands at LKR 11.20. Ceylon Grain Elevators (LKR 50mn), Chevron Lubricants (LKR 43mn) and Seylan Bank (LKR 32mn) recorded next best contributions to the turnover. Total crossings accounted for 34% of the market turnover. Despite the lackluster trading, gainers outweighed the losers 89 to 82 while 65 counters remained unchanged. Cash map improved from 41% to 56%. Eight counters declined to 52wk low prices while Kalamazoo Systems (LKR 2,000.00) and Millennium Housing Developers (LKR 10.00) advanced to fresh 52wk high prices. Further shares of Ceylon grain elevators, Hayleys, Chevron Lubricants and Richard Pieris & Company were among heavily traded counters for the session.
Meanwhile Madulsima Plantations rights were listed today and subsequent to the listing the counter declined to a 52wk low price of LKR 9.00, -4.3%. John Keells Holdings announced that the company with its subsidiaries has increased its shareholdings in Rajawella Holdings Limited (RHL) from 16.9% to 51%. Rajawella Holdings Limited possesses a land bank with development potential which complements the group’s leisure and property portfolio. The total investment is LKR 1,044mn.Moreover Lee Hedges announced an additional final dividend of LKR 1.30 per share.Foreign investors were net sellers with a net outflow of LKR 86mn. Foreign participation was 31%. Net foreign outflows were seen in Chevron Lubricants (LKR 43mn), Dialog Axiata (LKR 26mn) and John Keells Holdings (LKR 12mn) while net foreign inflow was mainly seen in Commercial Bank (LKR 2mn). During the week, benchmark index dipped by 61.62 index points or -0.85% while S&P SL20 index declined by 43.56 index points (-1.10%). Low investor activity was witnessed during the week where average daily market turnover further declined from LKR 604mn to LKR 548mn. Dialog Axiata emerged as the top contributor to the weekly turnover with LKR 250mn followed by John Keells Holdings (LKR 207mn), Hemas Holdings (LKR 198mn) and Hayleys (LKR 165mn).
Ceylon Grain Elevators (+8%), Kalamazoo Systems (+5%) and Central Industries (+5%) were among top gainers for the week whilst Lanka IOC (-5%), Softlogic Finance (-5%) and Hayleys (-5%) were among top losers.
Courtesy: The Sunday Leader 13 September 2015

Back to top  Message [Page 1 of 1]

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