Monday, 18 March 2013

Quote for the day

"Behind every adversity is an opportunity. If you lament over the adversity, you will miss the opportunity." – Ajaero Tony Martins

LSL Market Review 18th Mar 2013

Indices gained helped by Hatton National Bank, Commercial Bank, Carson Cumberbatch and Bukit Darah. Ceylon Tobacco Company saw its shares sliding today whilst John Keells Holdings and National Development Bank saw their share prices reaching 52-week highs. Turnover was a paltry site as institutions were having an off-day.

ASI gained 3.48 points (0.06%) to close at 5,708.01 and the S&P SL20 index gained 7.77 points (0.24%) to close at 3,270.21. Turnover was Rs. 309.4Mn.

Top contributors to turnover were John Keells Holdings with Rs. 63.8Mn, Hatton National Bank with Rs. 49.7Mn and Hemas Holdings with Rs. 18.5Mn. Most active counters for the day were Panasian Power, Commercial Bank and Hatton National Bank non-voting.

Notable gainers for the day were Ascot Holdings up by 22.3% to close at Rs. 168.70, Panasian Power up by 7.7% to close at Rs. 2.80 and Amana Takaful up by 6.7% to close at Rs. 1.60. Notable losers for the day were Central Investments & Finance down by 3.6% to close at Rs. 2.70, PC house down by 3.2% to close at Rs. 3.00 and DFCC down by 2.3% to close at Rs. 120.10.

Cash map for today was 46.11%. Foreign participation was 26.96% of total market turnover whilst net foreign selling was Rs. 5.92Mn.