Tuesday, 19 March 2013

Quote for the day

"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." - Victor Sperandeo

LSL Market Review – 19th Mar 2013

A late rally in blue-chips saw indices driven higher. Nestle reached an all-time high price of Rs. 1,800.00 whilst John Keells Holdings is trading at a higher adjusted price than its pre-split all-time high price. Meanwhile, National Development Bank continued to gain ground today whilst DFCC also gained good ground on thin volumes. John Keells Holdings continued to dominate turnover followed by banking counters.

ASI gained 14.85 points (0.26%) to close at 5,722.86 and the S&P SL20 index gained 13.58 points (0.42%) to close at 3,283.79. Turnover was Rs. 933.7Mn.

Top contributors to turnover were John Keells Holdings with Rs. 444.2Mn, PCH Holdings with Rs. 94.5Mn and Commercial Bank with Rs. 81.0Mn. Most active counters for the day were Nations Trust Bank, Commercial Bank and Hatton National Bank non-voting.

Amongst the top gainers Kotagala Plantations – Rights, Durdans Hospitals non-voting and Nestle Lanka reached 52 week high price levels. Asiri Surgical Hospitals traded heavily and reached 52 Week High as the counter’s XD date falls tomorrow.

Cash map for today was 56.67%. Foreign participation was 37.01% of total market turnover whilst net foreign buying was Rs. 221.8Mn.