Tuesday, 5 March 2013

LSL Market Review – 5th March 2013

Gains on blue-chips helped to shore up some of the losses on the broader index as indices closed on a mixed note. Private deals on John Keells Holdings and Hatton National Bank provided the market with more than half of the turnover. Promoting retail buying in this sluggish period is critical for the success of the local capital market.


ASI dipped 5.12points (0.09%) to close at 5,626.77 and the S&P SL20 index gained 5.14 points (0.16%) to close at 3,208.92. Turnover was Rs. 602.8Mn.

Top contributors to turnover were John Keells Holdings with Rs. 250.1Mn, Hatton National Bank with Rs. 145.6Mn and Hatton National Bank non-voting with Rs. 21.3Mn. Most active counters for the day were Tess Agro, Central Investments & Finance and Touchwood Investments.

Notable gainers for the day were Ceylon leather Products up by 8.3% to close at Rs. 65.00, The Finance up by 8.1% to close at Rs. 13.30 and Bukit Darah up by 3.5% to close at Rs. 730.00. Notable losers for the day were Commercial Leasing & Finance down by 4.8% to close at Rs. 4.00, Tess Agro down by 4.6% to close at Rs. 2.10 and Free Lanka Capital Holdings down by 4.0% to close at Rs. 2.40.

Cash map for today was 57.97%. Foreign participation was 25.21% of total market turnover whilst net foreign buying was Rs. 281.95Mn.

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