Tuesday, 8 January 2013

LSL Market Review 08th Jan 2013

Indices closed higher as Ceylon Tobacco Company dropped from its all-time high price and John Keells Holdings gained more than 0.6% whilst LOLC also gained more than 7% during a late rally. Asiri Central dominated turnover with a negotiated deal which accounted almost 50% of the day's turnover. Apart from the deal, blue-chips continued to dominate proceedings with plenty of private deals.

ASI gained 5.84 points(0.10%) to close at 5,751.93 and the S&P SL20 index gained 3.93 points(0.13%) to close at 3,123.97. Turnover was Rs. 1,273.6Mn.

Top contributors to turnover were Asiri Central with Rs. 562.5Mn, Commercial Bank with Rs. 254.1Mn and John Keells Holdings with Rs. 155.1Mn. Most active counters for the day were John keells Holdings, LOLC and Laufs Gas non-voting.

Notable gainers for the day were Kahawatte Plantations up by 9.0% to close at Rs. 36.50, LOLC up by 7.3% to close at Rs. 60.00 and Mullers & Pipps up by 5.9% to close at Rs. 1.80. Notable losers for the day were Amaya Leisure down by 4.8% to close at Rs. 80.00, NDB Capital Holdings down by 4.2% to close at rs. 500.00 and environmental Resource Investments down by 2.5% to close at Rs. 15.40.

Cash Map for today was 44.65%. foreign participation was 53% of total market turnover whilst net foreign outflow was Rs. 409Mn.

Quote for the day

”The answer to the question of whether trading can be taught has to be an unqualified yes. Anyone with average intelligence can learn to trade. This is not rocket science.” 
- William Eckhardt