LSL Market Review 17th Jan 2013

Blue chips led by Distilleries and Sri Lanka Telecom managed to make merry at the CSE in today’s trading. Retailers continued to actively participate helped by a new wave of cash inflows into the stock market. However, blue chips continued to dominate in terms of turnover.

ASI jumped 62.81 points (1.08%) to close at 5,875.28 and the S&P SL20 index gained 21.43 points (0.68%) to close at 3,184.61. Turnover was Rs. 2,049.4Mn.

Top contributors to turnover were Distilleries with Rs. 583.6Mn, Commercial Bank with Rs. 417.4Mn and Aitken Spence with Rs. 122.5Mn. Most active counters for the day were Central Investments & Finance, Softlogic Holdings and Laufgs Gas non-voting.

Notable gainers for the day were Lanka Milk Foods up by 14.0% to close at Rs. 122.00, Lanka IOC up by 13.1% to close at Rs. 22.50 and E.B. Creasy up by 9.7% to close at Rs. 1,097.00. Notable losers for the day were Sierra Cables down by 3.6% to close at Rs. 2.70, Asian Hotels & Properties down by 2.6% to close at Rs. 74.00 and Softlogic Holdings down by 2.2% to close at Rs. 27.20.

Cash map for today was 59.7% which is drop from yesterday. Foreign participation was 50% of total turnover whilst net foreign buying was Rs. 152.5Mn.

LSL Market Review 16th Jan 2013

Stocks rallied today ahead of a meeting by the members of the Monetary Board to decide on the direction of the policy rates. Investors made early celebrations as yields on the treasury bills fell in today’s auction. Foreign investor favourites Chevron Lubricants, Ceylon Tobacco Company and John Keells gained good ground to help the indices close at its highest point so far this year. The resurgence of retail investors was also welcomed as many mid-capped counters gained notably.

ASI gained 62.23 points (1.08%) to close at 5,812.47 and the S&P SL20 index gained 28.86 points (0.92%) to close at 3,163.18. Turnover was Rs. 636.2Mn.

Top contributors to turnover were John Keells Holdings with Rs. 165.9Mn, Softlogic Holdings with Rs. 78.5Mn and Ceylon Tobacco Company with Rs. 56.9Mn. Most active counters for the day were

Softlogic Holdings, Central Investments & Finance and Citrus Leisure warrant- 19.

Notable gainers for the day were Softlogic Holdings up by 12.8% to close at Rs. 13.20, Sierra Cables up by 12.0% to close at Rs. 2.80 and Blue Diamonds non-voting up by 11.8% to close at Rs. 1.90.

Notable losers for the day were Panasian Power down by 3.3% to close at Rs. 2.90, C.W. Mackie down by 2.0% to close at Rs. 74.00 and Durdans Hospitals down by 1.4% to close at Rs. 70.00.

Cash map for today was a overwhelming 71.53%. Foreign participation was 33% of total market turnover whilst net foreign buying was Rs. 112Mn.

LSL Market Review 15th Jan 2013

The broader index managed to close in positive ground helped by gains on Ceylon Tobacco Company and John Keells Holdings. Turnover was dominated by premier blue-chip John Keells Holdings and a handful of leading banking & financial sector counters.

ASI gained 3.75 points (0.07%) to close at 5,750.24 and the S&P SL20 index lost 0.97 points (0.03%) to close at 3,132.90. Turnover was Rs. 727.7Mn.

Top contributors to turnover were Commercial Bank with Rs. 258.6Mn, John Keells Holdings with Rs. 182.6Mn and Sampath Bank with Rs. 62.9Mn. Most active counters for the day were Panasian Power, John Keells Holdings and Commercial Bank.

Notable gainers for the day were Ceylon Tobacco Company up by 2.7% to close at Rs. 875.00, Sinhaputhra Finance up by 2.5% to close at Rs. 83.00 and Central Finance up by 1.9% to close at Rs. 180.00. Notable losers for the day were CT Land down by 5.9% to close at Rs. 24.00, Shaw Wallace down by 5.1% to close at Rs. 260.00 and Capital Partners down by 4.6% to close at Rs. 50.00.

Cash map for today was 40.55%. Foreign participation was 55% of total market turnover whilst net foreign buying was Rs. 190.6Mn.

Quote for the day

"It never was my thinking that made big money for me. It was always my sitting. Got that? My sitting tight!" – Jesse Livermore