Quote for the day

“First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.” - Paul Tudor Jones

LSL - Market Review - 24th Dec 2012

Market review – 24th December 2012

Activity at the CSE was quite dull throughout the day as investors as well as professionals seem to have been caught up in the festivities. Today’s turnover was the lowest in more than five months and the second lowest for the calendar year so far. Bukit Darah continued trade well at Rs. 690 levels which was Rs. 20 above its previous closing price. We can expect this whole week to be one with very low activity.

ASI gained 8.40 points (0.15%) to close at 5,524.89, MPI lost 4.76 points (0.09%) to close at 5,039.82 and the S&P SL20 index gained 4.54 points (0.15%) to close at 3,038.78. Turnover was Rs. 101.3Mn.

Top contributors to turnover were Haycarb with Rs. 17.5, Bukit Darah with Rs. 13.8 and PC House with Rs. 12.2Mn. Most active counters for the day were Madulsima, Softlogic Holdings and Environmental Resource Holdings.

Notable gainers for the day were Tea Small Holders up by 12.9% to close at Rs. 48.00, Free Lanka Capital Holdings up by 4.4% to close at Rs. 2.40 and PC House up by 3.9% to close at Rs. 5.40. Notable losers for the day were Madulsima Plantations down by 6.1% to close at Rs. 15.50, Lanka Orix Finance down by 2.6% to close at Rs. 3.70 and Access Engineering down by 1.7% to close at Rs. 17.70.

Cash map for today was 49.23%. Foreign participation was 10% of total market turnover whilst net foreign inflow was Rs. 4.0Mn.

Quote for the day

”It’s very difficult to be different from the rest of the crowd the majority of the time, which by definition is what you’re doing if you’re a successful trader.” - Bill Lipschutz

Quote for the day

“Trading Stocks is simple mathematics 2+2= 4 but our greed makes it 5 and our panic makes it 3.” - Feroz Ahmed Khan

LSL - Market Review – 20th Dec 2012

Market seems to be building some momentum as foreign and local institutions were seen collecting parcels and retail quantities at these low levels of several blue-chips. Blue-chips received the lion’s share of the activity as retail participation remains on the sidelines. Plantation companies attracted renewed investor interest as tea prices fetched record prices in the most recent auction. To further compliment the pick-up in sentiment, todays’ cash map was a resounding 70.5% excluding crossings.

Distilleries Company has received an “AAA rating” by Fitch ratings which might indicate that a corporate debt instrument maybe in the offing in the future.

ASI gained 14.70 points (0.27%) to close at 5,527.36, MPI gained 9.76 points (0.19%) to close at 5,030.62 and the S&P SL20 index gained 12.87 points (0.43%) to close at 3,030.86. Turnover was Rs. 811.9Mn.

Top contributors to turnover were John Keells Holdings with Rs. 572.2Mn, Aitken Spence with Rs. 67.2Mn and Commercial Bank with Rs. 49.0Mn. Most active counters for the day were Nation Lanka Finance, Madulsima Plantations and Central Finance & Investments.

Notable gainers for the day were Capital Alliance Finance up by 19.9% to close at Rs. 24.10, Madulsima Plantations up by 10.0% to close at Rs. 16.50 and United Motors up by 5.6% to close at Rs. 95.00. Notable losers for the day were Expo Lanka down by 2.9% to close at Rs. 6.80, Regnis down by 2.4% to close at Rs. 58.00

Foreign participation was 53% of total market turnover whilst net foreign buying was Rs. 533Mn.

Quote for the day

"Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage." - Peter Lynch

LSL - Market Review – 19th Dec 2012

Market traded with mixed sentiments throughout the day although few blue-chips lost ground. Commercial Bank continued to provide activity in the market whilst turnover was dominated by blue-chips. Gains on Bukit Darah helped to prop up the indices as a private deal took place above the market price. Yields on treasury bills dropped across all maturities in today’s auction helping revive the equity market.

ASI gained 4.87 points (+0.09%) to close at 5,512.66, MPI lost 18.44 points (-0.37%) to close at 5,020.86 and the S&P SL20 Index lost 1.63 points (-0.05%) to close at 3,017.99. Turnover was Rs. 464mn.

Top contributors to turnover were Commercial Bank with Rs. 194.1mn, Gargills Ceylon with Rs.56.2mn and Bukit Dharah with Rs.52.5mn. Most active counters for the day were Lanka Milk Foods, Sampath Bank and Vallibel One.

Notable gainers for the day were Talawakele Plantations, up by 10% to close at Rs. 24.90, Huejay International, up by 9% to close at Rs. 79.80 and Ceylon Insurance, up by 8% to close at Rs.79.00. Notable losers for the day were Ceylon Leather Products – warrant (0013), down by 15% to close at Rs.5.10, Tea Smallholder Factories down by 14% to close at Rs. 42.30 and Hapugastenna Plantations down by 10% to close at Rs.38.60.

Cash map for today was 65.4% (excluding the crossings). Foreign participation was 51% of the total market turnover whilst net foreign buying was Rs. 105.2mn.