Tuesday, 2 April 2013

LSL Market Review 02nd Apr 2013

A late surge in hand few of blue-chips failed to nullify the earlier losses completely on the broader index. Nestle, SLT and Sampath Bank saw their share prices trade higher today. Meanwhile National Development Bank closed higher after an early drop. Banking counters and John Keells Holdings attracted the most attention of today’s interest. Retail counters seem to retreating ahead of the Sinhala & Tamil New Year as some retail investors liquidate their investments to meet their festive needs.

ASI dipped 0.58 points (0.01%) to close at 5,704. 62 and the S&P SL20 index gained 7.74 points (0.24%) to close at 3,289.37. Turnover was Rs. 1,010.9Mn.

Top contributors to turnover were John Keells Holdings with Rs. 320.8Mn, Sampath Bank with Rs. 243Mn and Hatton National Bank with Rs. 50.6Mn. Most active counters for the day were Central Investments & Finance, Sampath Bank and Janashakthi Insurance.

Notable gainers for the day were Galadari Hotels up by 5.7% to close at Rs. 13.00, Namunukula Plantations up by 4.3% to close at Rs. 82.00 and Udapussallewa Plantations up by 4.0% to close at Rs. 26.00. Notable losers for the day were Janashakthi Insurance down by 10.5% to close at Rs. 11.10, Lanka Ceramics down by 6.4% to close at Rs. 65.40 and Ceylon Grain Elevators down by 4.1% to close at Rs. 47.10.

Cash amp for today was 61.1%. Foreign participation was 30.11% of total market turnover whilst net foreign buying was Rs. 339.6Mn.

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