“Virtually every successful trader I know ultimately ended
up with a trading style suited to his personality.” -Randy McKay
Wednesday, 2 January 2013
LSL - Market Review 02nd Jan 2013
The year started on a strong note as a further reduction in
yields of treasury bills helped to create excitement. Retail activity picked up
today which helped to boost sentiment to some extent whilst institutional
interest on Commercial Bank bolstered turnover. Commercial Bank contributed
85.3% of total market turnover. Indices closed higher helped by a late surge in
retail participation as the All Share Price Index was in negative territory in
early trading. Whilst a positive trend could be expected, we encourage
investors to base their buying decisions on the fundamentals and prospects of
the company.
ASI gained 40.79 points (0.72%) to close at 5,683.79, S&P SL20 index gained 5.55 points (0.18%) to close at 3,090.88. Turnover was Rs. 1,677.0Mn.
Top contributors to turnover were Commercial Bank with Rs. 1,431.3Mn, Nation Lanka Finance with Rs. 33.6Mn and Asia Asset Finance with Rs. 12.6Mn. Most active counters were Nation Lanka Finance, Asia Asset Finance and Central Finance & Investments.
Notable gainers for the day were Central Finance & Investments up by 18.2% to close at Rs. 5.20, Nation Lanka Finance up by 15.3% to close at Rs. 11.30 and NDB Capital up by 14.4% to close at Rs. 498.90. Notable losers for the day were Citrus Hikkaduwa down by 7.1% to close at Rs. 22.10, Amana Takaful down by 5.6% to close at Rs. 1.70 and Tokyo Cement down by 2.1% to close at Rs. 28.00.
Cash map for today was 61.13%. Foreign participation was 85% of total market turnover whilst net foreign selling was Rs. 17.2Mn.
ASI gained 40.79 points (0.72%) to close at 5,683.79, S&P SL20 index gained 5.55 points (0.18%) to close at 3,090.88. Turnover was Rs. 1,677.0Mn.
Top contributors to turnover were Commercial Bank with Rs. 1,431.3Mn, Nation Lanka Finance with Rs. 33.6Mn and Asia Asset Finance with Rs. 12.6Mn. Most active counters were Nation Lanka Finance, Asia Asset Finance and Central Finance & Investments.
Notable gainers for the day were Central Finance & Investments up by 18.2% to close at Rs. 5.20, Nation Lanka Finance up by 15.3% to close at Rs. 11.30 and NDB Capital up by 14.4% to close at Rs. 498.90. Notable losers for the day were Citrus Hikkaduwa down by 7.1% to close at Rs. 22.10, Amana Takaful down by 5.6% to close at Rs. 1.70 and Tokyo Cement down by 2.1% to close at Rs. 28.00.
Cash map for today was 61.13%. Foreign participation was 85% of total market turnover whilst net foreign selling was Rs. 17.2Mn.
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