Tuesday, 23 April 2013
"Listen to suggestion from people you respect. This doesn't mean you have to accept them. Remember it’s your money and generally it is harder to keep money than to make it. Once you lose a lot of money it is hard to make it back." - Walter Schloss
Market ended with positive returns with small caps gaining ground today. Lion Brewery and Asiri Hospitals saw crossings of 0.5mn shares at LKR 360.00 and 3.0mn shares at LKR 14.00 respectively and closed at the respective 52 week high prices. These were the main contributors to the market turnover (a contribution of LKR 188.0mn and LKR 63.4mn respectively) followed by National Development Bank with LKR 56.6mn.
During the day ASI advanced by 11.09 index points (+0.19%) to close at 5,883.52 and S&P SL 20 Index advanced by 6.47 index points (+0.195) to close at 3,344.85. Daily market turnover was LKR 708.6mn.
Colombo Lanka & Development, Citrus Kalpitiya and HVA Foods were the heavily traded stocks. Ceylon Leather Products – warrants, Asiri Hospitals and Sigiriya Village Hotels ended as top gainers while Talawakele Plantations, Orient Garments and Amana Takaful were among the top losers for the day. Talawakele Plantations today traded excluding the dividend of LKR 2.50 per share.
Foreign participation for the day was 20.3%. Foreign investors were net buyers with a net inflow of LKR 224.1mn, out of which lion’s share of LKR 185mn was captured by Lion’s Brewery. Cash map closed at 57%.