Wednesday, 30 January 2013

Quote for the day

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it." - Peter Lynch

LSL Market Review 30th Jan 2013

Indices closed higher helped by gains on John Keells Holdings, Commercial Bank and Nestle. The former two counters and LOLC saw tremendous institutional interest with Commercial Bank being the pick of the day. Retail activity still remains on the sideline which is seen as a period of consolidation. Yields on all three treasury bills fell further in today’s auction.
ASI gained 25.15 points (0.43%) to close at 5,825.90 and the S&P SL20 index gained 7.87 points (0.25%) to close at 3,193.63. Turnover was Rs. 2,678.7Mn.
Top contributors to turnover were Commercial Bank with Rs. 1,915.3Mn, LOLC with Rs. 372.7Mn and John Keells Holdings with Rs. 81.0Mn. Most active counters for the day were Commercial Bank, Environmental resource Investments and John Keells Holdings.
Notable gainers for the day were Citrus Waskaduwa up by 8.1% to close at Rs. 6.70, Renuka Agri up by 6.5% to close at Rs. 4.90 and Hayleys Fiber up by 5.1% to close at Rs. 34.80. Notable losers for the day were Panasian Power down by 3.6% to close at Rs. 2.70, Lanka Orix Finance down by 2.8% to close at Rs. 3.50 and Chevron Lubricants up by 1.5% to close at Rs. 215.00.
Cash map for today was 38.6% led by foreign investors. Foreign participation was 44.84% of total market turnover whilst net foreign selling was Rs. 1,426.5Mn.