“I will tell you I am good at trading. I am good at
investing. I am good at making decisions. I am good at admitting mistakes and
that’s my best trait. I am really, really good at admitting mistakes. And
that’s to me the most important attribute that an investor, that a trader, that
somebody who’s trying to make a living matching wits in the market can have is
the ability to admit that they are wrong. That trumps all other concerns.
Education doesn't seem to have that much viability to me. It’s the ability to
say I'm wrong.” - Dennis Gartman
Tuesday, 5 February 2013
LSL Market Review 05th Feb 2013
Turnover levels dropped in today’s session but foreigners still remain bullish on blue-chips. Commercial Bank, Aitken Spence and John Keells Holdings were the top foreign picks for the day with retail bullish sentiment picking up on Access Engineering. Retail participation still remains on the sidelines.
ASI dipped 18.39 points (0.32%) to close at 5,781.30 and the S&P SL20 index gained 7.10 points (0.22%) to close at 3,203.91. Turnover was Rs. 447.3Mn.
Top contributors to turnover were Commercial bank with Rs. 119.2Mn, John Keells Holdings with Rs. 76.1Mn and Aitken Spence with Rs. 52.2Mn. Most active counters for the day were Union Bank, Access Engineering and Commercial Bank.
Notable gainers for the day were Talawakelle Plantations up by 9.4% to close at Rs.27.90, Morison’s no-voting up by 4.3% to close at Rs. 109.60 and Free Lanka Capital Holdings up by 4.2% to close at Rs.2.50. Notable losers for the day were Touchwood Investments down by 4.8% to close at Rs.8.00, Asian Hotels & Properties down by 4.6% to close at Rs.72.50 and People’s Leasing & Finance down by 3.7% to close at Rs.13.00.
Cash map for today was 33.45%. Foreign participation was 49.6% of total market turnover whilst net foreign buying was Rs. 4.1Mn.
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