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Join date : 2014-02-23
Location : Colombo 
Weekly Market Focus
Sun Feb 23, 2014 2:08 am
By Lanka Securities Research
Colombo Stock Exchange started trading for a new week on Monday with negative returns on both indices. Benchmark ASPI declined by 27.28 points (-0.45%) while 20 Script S&P SL Index dropped by 19.52 points (-0.59%). Daily market turnover was LKR 613mn. Nations Trust Bank with LKR 248mn, John Keells Holdings with LKR 93mn and Sampath Bank with LKR 30mn were the top contributors to the market turnover. Furthermore Dankotuwa Porcelain, John Keells Holdings warrant 0023 and John Keells Holdings were the heavily traded stocks during the session. Foreign participation accounted for 34% of the total market activity and foreign investors were net sellers of LKR 145mn worth of shares.
Sri Lankan equities market extended losses for the fourth straight session on Tuesday as benchmark ASPI declined by -0.57% or 34.45 basis points. 20 Stocks S&P SL Index saw a decline of 0.55% or 18.20 basis points. Daily turnover was LKR 604mn. Dialog Axiata was the major contributor to the market turnover (LKR 188mn). Further, Sri Lanka Telecom with LKR 90mn and Nations Trust Bank with LKR 89mn were the next top contributors to the turnover. Bimputh Lanka Investments, John Keells Holdings – Warrant 0023 and Nation Lanka Finance traded heavily during the day. Foreign investors were net sellers of LKR 230mn worth of shares and foreign participation was 26%.
Colombo shares concluded in a negative note on Wednesday, stretching the losses for the fifth consecutive day. All Share Price Index lost 35.42 points (-0.59%) and S&P SL 20 index lost 6.27 points (-0.19%). Daily market turnover stood at LKR 715mn, where John Keells Holdings (LKR 272mn) emerged as the top contributor to the market turnover. Further, Lanka Century Investments (LKR 72mn) and Sampath Bank (LKR 62mn) made the next best contributions to the daily turnover. Moreover shares of PC House, John Keells Holdings, John Keells Holdings Warrant 0023 and Sampath Bank traded heavily. Meanwhile, Millenium Housing Developers that debuted on the CSE on Wednesday subsequent to the IPO reached the high of LKR 6.60 and closed LKR 6.50 which was 8% above compare to the offer price of LKR 6.00. Foreign participation for the day was 28% of the total market activity and foreign investors were net buyers of LKR 198mn.
Bourse continued to remain under pressure on Thursday as the benchmark main share index weakened by 30.08 basis points (-0.50%) and S&P SL 20 Index declined by 24.24 points (-0.74%). Market turnover was LKR 852mn. Dialog Axiata reported the top turnover value of LKR 139.3mn followed by Nations Trust Bank (LKR 139.2mn) and Commercial Bank (LKR 94.7mn). Shares of Expo Lanka Holdings, John Keells Holdings –warrant 0023 and PC House traded mostly throughout the session. Foreign investors were net sellers with a net foreign outflow of LKR 158mn and foreign participation accounted for 48% of the total turnover.
Stock market closed the operations for the week in red on Friday as ASPI lost further 18.88 points (-0.32%) to end at 5,937.28 and S&P SL 20 Index lost 19.71 basis points (-0.61%) to close at 3,237.27.
Market turnover reached LKR 1.1bn, the highest recorded during the week. Crossings recorded in Amana Bank (9.2mn shares at LKR 6.00), John Keells Holdings (2.0mn shares at LKR 210.00) and John Keells Holdings – warrants 0022 (1mn warrants at LKR 55.00) contributed 50% to the market turnover. Accordingly John Keells Holdings main share and its warrants 0022 and 0023 were emerged as top contributors to the market turnover with heavy trading and reported values of LKR 465mn, LKR 75mn and LKR 64mn respectively.
Moreover Janshakthi Insurance also attracted investor interest throughout the day as the company declared the most awaited dividend of LKR 1.00 per share for the financial year 2013 and which accounted for a dividend yield 7% based on today’s closing price of LKR 13.90 (+2.2%).
Foreign investors were net sellers of LKR 439mn worth of shares and foreign participation was 43%. Net selling was seen in stocks such as John Keells Holdings (LKR 419mn), Amana Bank (LKR 47mn) and Commercial Bank (LKR 23mn).
- The Nation
Colombo Stock Exchange started trading for a new week on Monday with negative returns on both indices. Benchmark ASPI declined by 27.28 points (-0.45%) while 20 Script S&P SL Index dropped by 19.52 points (-0.59%). Daily market turnover was LKR 613mn. Nations Trust Bank with LKR 248mn, John Keells Holdings with LKR 93mn and Sampath Bank with LKR 30mn were the top contributors to the market turnover. Furthermore Dankotuwa Porcelain, John Keells Holdings warrant 0023 and John Keells Holdings were the heavily traded stocks during the session. Foreign participation accounted for 34% of the total market activity and foreign investors were net sellers of LKR 145mn worth of shares.
Sri Lankan equities market extended losses for the fourth straight session on Tuesday as benchmark ASPI declined by -0.57% or 34.45 basis points. 20 Stocks S&P SL Index saw a decline of 0.55% or 18.20 basis points. Daily turnover was LKR 604mn. Dialog Axiata was the major contributor to the market turnover (LKR 188mn). Further, Sri Lanka Telecom with LKR 90mn and Nations Trust Bank with LKR 89mn were the next top contributors to the turnover. Bimputh Lanka Investments, John Keells Holdings – Warrant 0023 and Nation Lanka Finance traded heavily during the day. Foreign investors were net sellers of LKR 230mn worth of shares and foreign participation was 26%.
Colombo shares concluded in a negative note on Wednesday, stretching the losses for the fifth consecutive day. All Share Price Index lost 35.42 points (-0.59%) and S&P SL 20 index lost 6.27 points (-0.19%). Daily market turnover stood at LKR 715mn, where John Keells Holdings (LKR 272mn) emerged as the top contributor to the market turnover. Further, Lanka Century Investments (LKR 72mn) and Sampath Bank (LKR 62mn) made the next best contributions to the daily turnover. Moreover shares of PC House, John Keells Holdings, John Keells Holdings Warrant 0023 and Sampath Bank traded heavily. Meanwhile, Millenium Housing Developers that debuted on the CSE on Wednesday subsequent to the IPO reached the high of LKR 6.60 and closed LKR 6.50 which was 8% above compare to the offer price of LKR 6.00. Foreign participation for the day was 28% of the total market activity and foreign investors were net buyers of LKR 198mn.
Bourse continued to remain under pressure on Thursday as the benchmark main share index weakened by 30.08 basis points (-0.50%) and S&P SL 20 Index declined by 24.24 points (-0.74%). Market turnover was LKR 852mn. Dialog Axiata reported the top turnover value of LKR 139.3mn followed by Nations Trust Bank (LKR 139.2mn) and Commercial Bank (LKR 94.7mn). Shares of Expo Lanka Holdings, John Keells Holdings –warrant 0023 and PC House traded mostly throughout the session. Foreign investors were net sellers with a net foreign outflow of LKR 158mn and foreign participation accounted for 48% of the total turnover.
Stock market closed the operations for the week in red on Friday as ASPI lost further 18.88 points (-0.32%) to end at 5,937.28 and S&P SL 20 Index lost 19.71 basis points (-0.61%) to close at 3,237.27.
Market turnover reached LKR 1.1bn, the highest recorded during the week. Crossings recorded in Amana Bank (9.2mn shares at LKR 6.00), John Keells Holdings (2.0mn shares at LKR 210.00) and John Keells Holdings – warrants 0022 (1mn warrants at LKR 55.00) contributed 50% to the market turnover. Accordingly John Keells Holdings main share and its warrants 0022 and 0023 were emerged as top contributors to the market turnover with heavy trading and reported values of LKR 465mn, LKR 75mn and LKR 64mn respectively.
Moreover Janshakthi Insurance also attracted investor interest throughout the day as the company declared the most awaited dividend of LKR 1.00 per share for the financial year 2013 and which accounted for a dividend yield 7% based on today’s closing price of LKR 13.90 (+2.2%).
Foreign investors were net sellers of LKR 439mn worth of shares and foreign participation was 43%. Net selling was seen in stocks such as John Keells Holdings (LKR 419mn), Amana Bank (LKR 47mn) and Commercial Bank (LKR 23mn).
- The Nation
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