Thursday, 18 April 2013

LSL Market Review 18th Apr 2013

Retail activity surged ahead of institutional interest on stocks. Low-capped and mid-capped counters saw continued retail speculation. Blue-chips retreated on mainly losses on banking and financials. Lower yields on treasuries seemed to have spurred retail activity with the CBSL expecting lower rates going forward.

ASI gained 23.30 points (0.40%) to close at 5,891.83 and the S&P SL20 index lost 10.84 points (0.32%) to close at 3,351.15. Turnover was Rs. 800.9Mn.

Top contributors to turnover were Hatton National Bank with Rs. 92.1Mn, Cargills with Rs. 63.0Mn and Hatton National Bank non-voting with Rs. 55.4Mn. Most active counters for the day were Citrus Leisure warrant 19, Colombo Land & Development and Touchwood Investments.

Notable gainers for the day were Environmental Resource Investments-Warrant 14 up by 20.0% to close at Rs. 1.80, Singalanka up by 16.9% to close at Rs. 76.00 and Citrus Leisure warrant 19 up by 16.1% to close at Rs. 3.60. Notable losers for the day were Kotagala Plantations down by 5.2% to close at Rs. 52.80, Nations Trust Bank down by 3.0% to close at Rs. 61.00 and Browns Investments down by 2.8% to close at Rs. 3.50.

Cash map for today was 54.08%. Foreign participation was 27.71% of total market turnover whilst net foreign buying was Rs. 159.85Mn.

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