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SrirangaVeteran
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The Bourse Weekly Performance (Week ended August 01, 2014)
Sun Aug 03, 2014 11:24 am
www.sundayobserver.lk
- SrirangaVeteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
Bourse seeks direction from JKH
Sun Aug 03, 2014 11:26 am
By Paneetha Ameresekere
Ceylon FT: The bourse appeared to be at crossroads in the week ended Friday, with daily average turnover in this short week decelerating by 26.3% to Rs 810.45 million week on week (WoW) compared with the previous week, S&P SL 20 Index WoW declining by 0.15% to 3,759.42 points and growth in the ASPI decelerating by 0.39% to 6,810.13 in the week under review.
Further, average daily net foreign inflows (NFIs) in the week in question slowed down by 34% to Rs 76.1 million when compared with the previous week.
"The bourse is seeking direction from JKH, the market's largest capitalized stock," sources told Ceylon Today. Foreign interest in this stock in the week ended Friday was slack compared with the previous week.
Meanwhile, the number of working days in the review week ended Friday, 1 August 2014 was cut down from the usual five to four on account of Tuesday, 29 July, 2014 being a holiday to the bourse due to the Ramazan.
The week on Friday closed with a Rs 775 million turnover and the ASPI Friday over the previous day Thursday decreasing by 0.06% to 6,810.13 points; the S&P SL 20 Index declining by 0.35% to 3,759.42 points, whilst witnessing a net foreign outflow of Rs 77.9 million, led by LAUGFS (non voting) with a NFO of Rs 61.4 million.
Year-to-date however the bourse has witnessed a NFI of Rs 11.2 billion.
Friday's turnover too was propped up by LAUGFS (non voting)-Rs 71.4 million, HNB (non voting)-Rs 62.7 million and JKH (Rs 60 million).
Though yesterday saw 122 gainers and 88 losers, the bourse lost steam due to JKH declining by 0.55% to Rs 235.50 a share and CTC, the market's second largest capitalized stock, seeing its share price Friday over Thursday fall by 1.54% to Rs 1,130.60 a share on a nominal share volume of 106 and on a Rs 117,661.10 turnover.
The number of shares traded Friday over Thursday increased to 69,962,421 from 50,224,160 shares.
www.ceylontoday.lk
Ceylon FT: The bourse appeared to be at crossroads in the week ended Friday, with daily average turnover in this short week decelerating by 26.3% to Rs 810.45 million week on week (WoW) compared with the previous week, S&P SL 20 Index WoW declining by 0.15% to 3,759.42 points and growth in the ASPI decelerating by 0.39% to 6,810.13 in the week under review.
Further, average daily net foreign inflows (NFIs) in the week in question slowed down by 34% to Rs 76.1 million when compared with the previous week.
"The bourse is seeking direction from JKH, the market's largest capitalized stock," sources told Ceylon Today. Foreign interest in this stock in the week ended Friday was slack compared with the previous week.
Meanwhile, the number of working days in the review week ended Friday, 1 August 2014 was cut down from the usual five to four on account of Tuesday, 29 July, 2014 being a holiday to the bourse due to the Ramazan.
The week on Friday closed with a Rs 775 million turnover and the ASPI Friday over the previous day Thursday decreasing by 0.06% to 6,810.13 points; the S&P SL 20 Index declining by 0.35% to 3,759.42 points, whilst witnessing a net foreign outflow of Rs 77.9 million, led by LAUGFS (non voting) with a NFO of Rs 61.4 million.
Year-to-date however the bourse has witnessed a NFI of Rs 11.2 billion.
Friday's turnover too was propped up by LAUGFS (non voting)-Rs 71.4 million, HNB (non voting)-Rs 62.7 million and JKH (Rs 60 million).
Though yesterday saw 122 gainers and 88 losers, the bourse lost steam due to JKH declining by 0.55% to Rs 235.50 a share and CTC, the market's second largest capitalized stock, seeing its share price Friday over Thursday fall by 1.54% to Rs 1,130.60 a share on a nominal share volume of 106 and on a Rs 117,661.10 turnover.
The number of shares traded Friday over Thursday increased to 69,962,421 from 50,224,160 shares.
www.ceylontoday.lk
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