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

Submit Post
සිංහල පරිවර්තනය
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

Latest topics

» AFSL can be a gem..
by Miss-Sangeetha Yesterday at 4:32 pm

» PM TO BUILD 4000 BRIDGES ACROSS THE COUNTRY
by ranferdi Yesterday at 1:48 pm

» Gold Price
by suku502 Fri Feb 23, 2018 9:25 pm

» COCR can be attractive
by suku502 Fri Feb 23, 2018 5:24 pm

» COMB.X is in support Level will hit 112 in coming weeks
by suku502 Fri Feb 23, 2018 5:22 pm

» JINS Share Repurchase
by DS Wijesinghe Fri Feb 23, 2018 2:07 pm

» CHICKEN GETTING READY TO FLY!
by DS Wijesinghe Fri Feb 23, 2018 1:56 pm

» Wiser's TA Chart Room
by wiser Fri Feb 23, 2018 11:54 am

» LDEV / ELPL / UDPL Best Plantation results as of 31/12/17 ?
by glad Fri Feb 23, 2018 6:56 am

» What happened to Janashakhi.... I sold 2 weeks ago. Total gain i lost over 150000
by glad Fri Feb 23, 2018 6:52 am

» What to buy?
by Ryan Hudson Thu Feb 22, 2018 10:19 pm

» ALHP WILL MOVE UP SOON
by wisdom79 Thu Feb 22, 2018 6:23 pm

» Share my Portfolio gain to build morale and confidence over you !!!!
by wiser Thu Feb 22, 2018 4:00 pm

» Sri Lanka records BOP surplus of US$2.05bn in 2017
by DS Wijesinghe Thu Feb 22, 2018 2:06 pm

» Bus-explosion
by samaritan Thu Feb 22, 2018 1:09 pm

» SDB bank would be 120+
by hettdas Thu Feb 22, 2018 9:52 am

» Reason Behind SFS Booooming
by trasantha Thu Feb 22, 2018 8:21 am

» SL Rupee reaches record lows
by Sstar Wed Feb 21, 2018 11:05 pm

» Sri Lanka's ETI affiliate says no approval for investor yet
by Sstar Wed Feb 21, 2018 11:01 pm

» Winds of Change in Sri Lanka
by Sstar Wed Feb 21, 2018 10:55 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

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