"Prepare for opportunities, don't wait for opportunities to take you by surprise." - Daniel Emmanuel
Friday 31 May 2013
LSL Weekly Market Review 31st May 2013
On Monday Colombo Stock Exchange market capitalization depreciated by 1% due to profit taking embarked by investors after a two-day consecutive growth. ASI dropped by 42.31 index points S&P SL 20 Index lost 24.13 points. Market turnover was LKR 697mn. John Keells Holdings with LKR 92.9mn, Environmental Resources Investments with 75.1mn and Overseas Reality with LKR 63.9mn were the top contributors to the market turnover. Foreign participation was relative low and it calculated for 14.8% of the total market activity. However at the end of the day foreign investors were net buyers with net inflow of LKR 113mn.
On Tuesday market closed again in red as investors booked profits after recent gains. ASI lost 11.84 points a while S&P SL 20 Index lost 14.95 points. Market turnover was LKR 553mn. Environmental Resources Investments with LKR 65.9mn, John Keells Holdings with LKR 61.3mn and Colombo Land & Development with LKR 42.5mn topped the turnover list. Foreign participation was 12.7% and at the end of the day foreign investor was net buyers with a net inflow of LKR 75mn.
Colombo stocks recovered on Wednesday after two days of losses where benchmark indices closed with positive returns. ASI advanced by 21.11 points and S&P SL 20 Index advanced by 17.68 points. Daily market turnover was LKR 906mn. Nation Lanka Finance with LKR 107.3mn, Chevron Lubricants with LKR 73.9mn and John Keells Holdings with LKR 58.7mn topped the turnover list. Foreign participation for the day was 21% of the total market activity and foreign investors were net buyers with a net inflow of LKR 102mn.
Market closed with negative results on Thursday where both indices ended with marginal losses. Benchmark ASI lost 0.69 index points and S&P SL 20 Index lost 4.60 index points. Market turnover reached LKR 2.6bn with the help of transactions taken place for the acquisition of J.L Morison & Sons by Hemas group. Accordingly J.L Morison & Sons voting and non-voting made the highest turnover of LKR 1.6bn and LKR 210mn respectively followed by Chevron Lubricants with a turnover of LKR 142mn. During the day foreign participation was 9% and foreign investors ended as net buyers with a net inflow of LKR 165mn.
Colombo stocks wrapped its operation on Friday on a positive note. ASI advanced by 7.94 index points to close at 6,463.06 while S&P SL 20 Index closed at 3,646.32, up 6.28 index points. Accordingly YTD return on All Share Index stood at 14.5% and YTD return on S&P SL 20 Index was 18.2%. Market turnover was LKR 728mn. Commercial Bank with LKR 121mn, John Keells Holdings with LKR 59mn and CT Land Development with LKR 47mn were the top contributor to the market turnover. Several crossings were recorded by Commercial Bank, Lanka Tiles and Aitken Spence Holdings. Total value of the crossings accounted for 21% of the market turnover. Nation Lanka Finance, Laugfs Gas non-voting and CT Land Development were the mostly traded stocks for the day. Foreign participation was 24% and foreign investors were net buyers with a net inflow of LKR 119mn. Year to date total net foreign inflow was LKR 13.1mn. Cash map for the day closed at 50.5%.
On Tuesday market closed again in red as investors booked profits after recent gains. ASI lost 11.84 points a while S&P SL 20 Index lost 14.95 points. Market turnover was LKR 553mn. Environmental Resources Investments with LKR 65.9mn, John Keells Holdings with LKR 61.3mn and Colombo Land & Development with LKR 42.5mn topped the turnover list. Foreign participation was 12.7% and at the end of the day foreign investor was net buyers with a net inflow of LKR 75mn.
Colombo stocks recovered on Wednesday after two days of losses where benchmark indices closed with positive returns. ASI advanced by 21.11 points and S&P SL 20 Index advanced by 17.68 points. Daily market turnover was LKR 906mn. Nation Lanka Finance with LKR 107.3mn, Chevron Lubricants with LKR 73.9mn and John Keells Holdings with LKR 58.7mn topped the turnover list. Foreign participation for the day was 21% of the total market activity and foreign investors were net buyers with a net inflow of LKR 102mn.
Market closed with negative results on Thursday where both indices ended with marginal losses. Benchmark ASI lost 0.69 index points and S&P SL 20 Index lost 4.60 index points. Market turnover reached LKR 2.6bn with the help of transactions taken place for the acquisition of J.L Morison & Sons by Hemas group. Accordingly J.L Morison & Sons voting and non-voting made the highest turnover of LKR 1.6bn and LKR 210mn respectively followed by Chevron Lubricants with a turnover of LKR 142mn. During the day foreign participation was 9% and foreign investors ended as net buyers with a net inflow of LKR 165mn.
Colombo stocks wrapped its operation on Friday on a positive note. ASI advanced by 7.94 index points to close at 6,463.06 while S&P SL 20 Index closed at 3,646.32, up 6.28 index points. Accordingly YTD return on All Share Index stood at 14.5% and YTD return on S&P SL 20 Index was 18.2%. Market turnover was LKR 728mn. Commercial Bank with LKR 121mn, John Keells Holdings with LKR 59mn and CT Land Development with LKR 47mn were the top contributor to the market turnover. Several crossings were recorded by Commercial Bank, Lanka Tiles and Aitken Spence Holdings. Total value of the crossings accounted for 21% of the market turnover. Nation Lanka Finance, Laugfs Gas non-voting and CT Land Development were the mostly traded stocks for the day. Foreign participation was 24% and foreign investors were net buyers with a net inflow of LKR 119mn. Year to date total net foreign inflow was LKR 13.1mn. Cash map for the day closed at 50.5%.
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