Thursday 30 May 2013

AWMR Market Review 30th May 2013

The All Share Price Index lost 0.69 points to close at 6,455.12 (-0.01%) while the S&P SL20 Index lost 4.6 points to close at 3,640.04 (-0.13%).

* Total turnover for the day stood at LKR 2,557.9 mn (USD 20,225.1 k) vs. 12-month average daily turnover of LKR 938.9 
mn (USD7,424.9 k), whilst the volume traded for the day was 48,654 k against the 12-month average daily volume of 41,096 k.

* Top contributory counters towards the turnover for the day were, JL Morrison Sons & Jones (Voting) LKR 1,558.6 
mn (USD 12,323.8 k, +11.9%), JL Morrison Sons & Jones (Non Voting) LKR 210.1 mn (USD 1,660.9 k, +18.3%), Chevron Lubricants Lanka LKR 142.1 mn (USD1,123.6 k, +0.6%), Lanka Tiles LKR 96.0 mn (USD 759.4 k,+5.3%), Nations Lanka Finance LKR 77.8 mn (USD 615.4 k, -7.7%).

* Despite the mammoth turnover recorded during the day, indices witnessed a downward trend, closing in the negative 
territory. JL Morrison Sons & Jones spearheaded day’s turnover backed by several off market deals. JL Morrison voting witnessed 8 crossings where a circa of over 4 mn shares were traded at a price of LKR 366.5 whilst the JL Morrison non voting share saw over 589K shares being traded at LKR 219.7 in two off market deals. Both Voting and Nonvoting shares reached it’s 52 week highest price during the day closing with healthy price gains. 

In addition crossings were witnessed in Lanka Tiles and CT Land Development where 900k shares of Lanka Tile changed hands at 80.0 while 1mn shares of CT Land crossed off at LKR 32.0. Chevron Lubricants Lanka also encountered heavy investor participation to secure the third highest place in the top turnover calibre. In addition heavy retail participation was witnessed in counters such as Nations Lanka Finance, Hemas Holdings, and Laughs gas nonvoting.

* Foreign purchases amounted to LKR 323.8 mn (USD 2,560.7 k), whilst foreign sales amounted to LKR 158.8 mn 
(USD1,255.8 k).This resulted in a net foreign inflow of LKR 165 mn being recorded at the end of the day’s trading.

* Market capitalization stood at LKR 2,478.8 bn. YTD performance is 14.4%.


Source: Asia Wealth Management Research

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