“Knowledge is the theoretical paradigm, the what to do and
the why. Skill is the how to do. And desire is the motivation, the want to do.
In order to make something a habit in our lives, we have to have all three” - Stephen R. Covey,
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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