Wednesday, 29 May 2013

LSL Market Review 29th May 2013

Colombo stocks recovered today after two days of losses where benchmark indices closed with positive returns. ASI advanced by 21.11 points to close at 6,455.81 and S&P SL 20 Index advanced by 17.68 points to close at 3,644.64. Price appreciations in large cap stocks such as Chevron Lubricants by LKR 6.60, Bukith Darah by LKR 4.20 and National Development Bank by LKR 4.50 contributed positively to the market performances.

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 for the day.

Two crossings were recorded by Asiri Hospital Holdings (~1.4mn shares at LKR 15.50 per share) and National Development Bank (~0.2mn shares at LKR 177.00 per share). The aggregate value of the crossings accounted for 6% of the market turnover.

Nation Lanka Finance voting share and the Warrant-21 traded heavily with top trading volumes and ended among the top gainers. Further Land & Property sector stocks such as MTD Walkers, Overseas Reality and Colombo

Land & Development were among the mostly traded stocks during the day.

Cash map closed at 50.8%. 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.

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