Thursday, 10 January 2013

LSL Market Review 10th Jan 2013

Profit taking on John Keells Holdings and Banking sector stocks sent the broader index into negative territory but Distilleries saw continued interest from retail and as well as institutional investors. Retail participation continued to be muted whilst private deals on blue-chips helped to bolster turnover.

ASI lost 12.89 points (0.22%) to close at 5,732.21 and the S&P SL20 index gained 0.66 points (0.02%) to close at 3,121.53 Turnover was Rs. 1,013.1Mn.

Top contributors to turnover were Hatton National Bank with Rs. 257.9Mn, Distilleries with Rs. 188.2Mn and John Keells Holdings with Rs. 160.3Mn. Most active counters for the day were LOLC, Free Lanka Capital Holdings and Nation Lanka Finance.

Notable gainers for the day were Raigam Wayamba Salt up by 3.9% to close at Rs. 2.70, Colonial Motors up by 3.5% to close at Rs. 150.00 and Nawaloka Hospitals up by 3.3% to close at Rs. 3.10. Notable losers for the day were Orient Finance down by 9.5% to close at Rs. 15.30, Kelani Valley Plantations down by 4.6% to close at Rs. 81.00 and Chilaw Finance down by 1.4% to close at Rs. 14.10.

Cash map for today was 41.55% which is an improvement from yesterday. Foreign participation was 60% of total market turnover whilst net foreign inflow was Rs. 139.5Mn.

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