Wednesday, 23 January 2013

LSL Market Review 23rd Jan 2013

The broader market index in Colombo Stock Exchange managed close with positive returns today mainly supported by the price appreciations in banking and finance sector counters namely LOLC (up LKR 1.20), DFCC Bank (up LKR 2.00), National Development Bank (up LKR 1.10) andSampath Bank (up LKR 3.50). Commercial Bank, Peoples Leasing & Finance and CarsonsCumberbatch witnessed institutional interest where almost half of the turnover was recorded from negotiated deals.
Total market turnover was LKR 1,274mn. Top contributors to turnover were Commercial Bank with LKR 630.7mn, Environmental Recourses Investments with LKR 102.9mn and Peoples Leasing and Finance with LKR 96.6mn. Heavy investor interest was seen in Environmental Recourses Investments, HVA Foods and Dankotuwa Porcelain.
ASI gained 12.73 points (0.22%) to close at 5,883.66and the S&P SL20 index gained 7.23 points (0.23%) to close at 3,191.80.
Notable gainers for the day were Pegasus Hotels up by 10.4% to close at LKR 44.50, Royal Ceramic up by 9.4% to close at LKR 109.00 and Kahawatte Plantations up by 8.5% to close at LKR 35.90.  Notable loser for the day were Environmental Recourses Investments –warrant 03 down by 9.5% to close at LKR 3.80, Environmental Recourses Investments –warrant 06 down by 8.3% to close at LKR 4.40 and Lanka Tiles down by 6.5% to close at LKR 63.50.
Cash map for today was 43.2%. Foreign participation for today was 43% of total market turnover whilst net foreign selling was LKR 239.0mn.

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