"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros
Wednesday, 13 March 2013
LSL Market Review 13th Mar 2013
Retail selling prevailed today although few blue-chips
sought by foreigners gained marginally. John Keells Holdings and National
Development Bank reached their 52-week highs of Rs. 239.00 and Rs. 157.00.
Ceylon Tobacco Company saw another lackluster day with buying interest slowing.
Yields on all treasuries rose by 5 basis points each which further illustrate
the negative footing of retailers.
ASI lost 18.50 points (0.32%) to close at 5,685.82 and the
S&P SL20 index lost 11.85 points (0.36%) to close at 3,235.24. Turnover was
Rs. 447.0Mn.
Top contributors to turnover were John Keells Holdings with
Rs. 104.2Mn, Hatton National Bank with Rs. 80.6Mn and 63.8Mn. Most active
counters for the day were Union Bank, Textured Jersey and Vallibel One.
Notable gainers for the day were Lanka Tiles up by 5.4% to
close at Rs. 64.20, Commercial Leasing & Finance up by 4.7% to close at Rs.
4.50 and Odel up by 4.6% to close at Rs. 23.00. Notable losers for the day were
Serendib Hotels down by 3.9% to close at Rs. 22.10, PC Pharma down by 3.9% to
close at Rs. 7.50 and Blue Diamonds down by 3.0% to close at Rs. 3.20.
Cash map for today was 52.86%. Foreign participation was
36.85% of total market turnover and net foreign buying was Rs. 64.37Mn.
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