“As long as you enjoy investing, you’ll be willing to do the homework and stay in the game” – Jim Cramer
Monday, 13 May 2013
LSL Market Review 13th May 2013
Colombo Bourse snapped the impressive seven-day winning streak and closed lower today on profit-taking. ASI closed at 6,239.03 down by 10.97 points (-0.2%) while S&P SL 20 index closed at 3,518.85 down by 12.05 points (-0.3%). The turnover for the day was Rs.535mn.
John Keells Holdings became the top contributor to the turnover (Rs.124mn) followed by Softlogic Holdings (Rs.28mn) and Vallibel One (Rs.21mn). JL Morisons was the star performer today as acquisition rumors pushed the share up by 21% to Rs.295.00. Morisons non-voting share closed at Rs.198.00 with a gain of 40%.
Furthermore, investor interest was seen in counters such as Softlogic Holdings (Rs.12.30,+2.5%), Union Bank (Rs.20.80,+6.7%) and Vallibel One (Rs.20.40,-1.0%).
Cash map for today was 52%.
The net foreign inflow was Rs.153mn. Foreign participation accounted for 19% of the market activity.
John Keells Holdings became the top contributor to the turnover (Rs.124mn) followed by Softlogic Holdings (Rs.28mn) and Vallibel One (Rs.21mn). JL Morisons was the star performer today as acquisition rumors pushed the share up by 21% to Rs.295.00. Morisons non-voting share closed at Rs.198.00 with a gain of 40%.
Furthermore, investor interest was seen in counters such as Softlogic Holdings (Rs.12.30,+2.5%), Union Bank (Rs.20.80,+6.7%) and Vallibel One (Rs.20.40,-1.0%).
Cash map for today was 52%.
The net foreign inflow was Rs.153mn. Foreign participation accounted for 19% of the market activity.
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