Tuesday, November 1st, 2011 at 6:42 pm
Colombo shares closed lower for another day. Although positive corporate results Market continues to fall freely. The benchmark All Share Index lost 37.40 to close at 6281.85 while Milanka Index fell 27.13 points to end the day at 5604.15. Turnover for the day amounted to 1.25 billion rupees. Hayleys Plc contributed Rs 836.7 million rupees for the day’s turnover and closed three rupees higher at 371.00.
131 stocks lost their value during the day’s trading while only 52 stock managed to show gains. Index heavy weighted Telecom giant SLTL lost one rupee to close at Rs 48.50 but only 300 shares changed hands. LOLC closed at 85.00, down three rupees. John Keells Holdings was down by one rupee to close at Rs 188.10. Expo Lanka Holdings Plc closed at Rs 10.20, down 40 cents.
Illiquid J.L.Morisons Sons and Jones (Ceylon) Plc was up by 240.00 to close at Rs 2995.00. Commercial Bank of Ceylon Plc closed at Rs 109.00, up 60 cents.
Union Bank has announced that they have invested Rs 600 million in The Finance and Guarantee Company Ltd (TF&G) and acquired 81.27 percent issued shares of the Company. The Balance 18.63 percent was acquired by Shorecap 11 Ltd an international private equity company.
Foreign activity was very low but net inflow of Rs 40,486,691.00 reported for the day. Market Price Earning Ratio stood at 16.16 which is very low compared to around 28 reported year a go.
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Monday, October 24th, 2011 at 6:07 pm
The upward trend started on last Fridaycontinued for the fresh week. ASI was up by 67.42 points or 1.06percent to close at 6424.36 while Milanka Index went up by 58.90points to end the day at 5733.76. Day’s turnover amounted to 949.5million rupees.
Positive September quarter resultsstarted to coming out. Chevron Lubricant Lanka Plc (LLUB) posted Rs603,442,000.00 for the six months ended 30th September2011 against Rs 395,106,000.00 for the same period last year. LLUBclosed 2.70 higher at Rs 162.70.
Sampath Bank has announced setting upof two subsidiary companies to conduct Life Insurance and MerchantBanking businesses. According to the announcement, Sampath hasalready received the approval of the Central Bank of Sri Lanka andwill make application to the Insurance Board of Sri Lanka for theirapproval. Sampath Bank shares was up by 4.30 to close at Rs 207.80.
Index heavy weighted Blue Chip JohnKeells Holdings was down by 3.10 to close at Rs 191.90 while CarsonsCumberbatch Plc lost 7.60 to end the day at Rs 576.00. Sri LankaTelecom closed at Rs 50.40, down 40 cents.
Foreign investor activity was very lowwith net outflow of Rs 10,586,312.00.
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Wednesday, October 19th, 2011 at 5:45 pm
Despite positive start, bearish trend started as usual within few hours of the market opening. Most of stocks has fallen to attractive levels but lack of fresh funds is preventing retail investors coming back to the market. The current overall Market Price Earning Ratio of Colombo Stock Exchange is 16.32.
ASI lost 40.80 points to close at 6347.72 while MPI closed 27.47 points lower at 5704.83. Day’s total equity turnover amounted to 689.1 which is significantly low compared to last few days.
127 stocks lost their value during the day’s trading while only 27 stocks managed to close higher. The Bukit Darah Plc lost 30.50 to close at Rs 1038.00 while index heavy Sri Lanka Telecom (SLTL) closed at Rs 49.00, down one rupee. Distilleries Company of Sri Lanka Plc was down by 2.60 to end the day at Rs 165.50.
Total of Rs 136,699,954.00 net foreign outflow reported for the day. Softlogic Holdings Plc (SHL) has announced interim dividend of 13 cents per share. SHL shares closed unchanged at Rs 19.00.
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Monday, October 17th, 2011 at 5:21 pm
Market opened green note but facedsteep decline throughout the day. The benchmark Colombo All SharePrice Index lost 92.40 points or 1.41 percent to close at 6457.51.Milanka index too fell 66.94 points to close at 5811.39. All otherAsian Stock Markets closed positive except BSE (India). Turnover wasamounted to only 978.61 million rupees.
Index heavy weighted Lanka Orix LeasingLOLC), Sri Lanka Telecom (SLTL) and Commercial Bank (COMB) caused thebiggest damage to the ASI today. LOLC lost 3.60 to close at Rs 85.90while SLTL was down by 80 cents to end the day at Rs 48.10. COMBclosed at Rs 110.40, down 1.60.
179 stocks closed lower while only 20stocks made gains during the day. Asian Alliance Insurance Plc wasdown by 30.50 to end the day at Rs 209.80.
Vallibel One lost 1.10 toclose at Rs 25.60.
The Bukit Darha Plc was up by fiverupees to close at Rs 1070. Ceylinco Insurance non voting stocksclosed at Rs 357.90 up 30.60.
Net foreign outflow amounted to Rs181,060,248.00.
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Friday, October 14th, 2011 at 9:44 pm
Weekly Stock Market Review for the week ended 14th October 2011.
Fresh foreign investor participation in Colombo Stock Exchange during the week failed to motivate local investors. CSE All Share Index fell 148.92 points for the week under review to close at 6,549.91 while Milanka Index dipped by 99.81 points to close the week at 5,878.33. Total turnover for the period amounted to 6.81 billion rupees. Net foreign purchases amounted to Rs 592,612,099.00.
Central Bank of Sri Lanka declare that Employees’ Provident Fund has purchased 33,000,000 ordinary voting shares of Laugfs Gas PLC at a price of Rs 48/- per share on October 10, 2011. With this purchase Employees’ Provident Fund’s stake in Laugfs increased to 17.28 percent.
TFIL IPO Basis of Allotment.
At a meeting of the Board of Directors of the TFIL it was resolved that the Six Million (6,000,000) Ordinary voting shares in the Company applied for under the above offer be allotted to the aforesaid applicants in the following manner.
Applicants up to 25,000 shares, be allotted and issued the entire amount of shares applied for. Applicants of over 25,000 shares be allotted and issued 25,000 shares and 25% of the remaining shares applied for, provided that applicants entitled to 50 shares on this percentage basis be allotted and issued a further 50 shares to prevent the allocation of odd lots.
During the week Expolanka has announced further investments in their foreign joint ventures namely in Expolanka Pakistan (Pvt) Ltd and Expolanka Freight (Vietnam) Limited.
Market is expected to stabilise during the next week with increased institutional and foreign activity.
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Tuesday, October 4th, 2011 at 6:15 pm
Colombo main stock index ASI was down by 61.85 points to close at 6721.54 while more liquid Milanka index fell 49.02 points to end the day at 5982.95. Days turnover amounted to 1.96 billion rupees. Capital Alliance Finance Ltd the newly listed company by the way of introduction was closed at Rs 39.90 and more than 13.5 million shares changed hands. All most all Asian Market Indices were ended red today except NZSE 50 and Taiwan Weighted.
Hatton National Bank lost 5.90 to close at Rs 196.00 while Commercial Bank was down by 2.20 to close at Rs 112.80. Another index heavy company Sri Lanka Telecom (SLTL) lost 80 cents to close at Rs 48.20.
Alliance Finance company was up by 49.80 to close at Rs 1249.70 while Hayleys Plc closed at Rs 370.00, up five rupees. 155 stocks reported price declines and only 47 stocks reported gains. Net foreign selling of Rs 68,548,856.00 witnessed for the day.
The CSE has approved in-principle an Application for listing the ordinary voting shares of the People’s Leasing Company Ltd for a Main Board listing. People’s Leasing Company will issue 390,000,040 Ordinary Voting Shares at a price of LKR 18.00 per share. People’s Leasing IPO will open on 3rd November 2011 and Prospectus and Application forms will be available from 10th October.
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Thursday, September 29th, 2011 at 6:00 pm
Asian Alliance Insurance Plc (AAIC) the insurance company recently acquired by Softlogic Group was up by 116.80 or 49.96 percent to close at Rs 350.60 while ASCOT Holdings Plc closed at Rs 188.90, up 58.90. ASI closed at 6747.91. Milanka index however lost 1.13 points to end at 5998.15 mainly due to price decline in John Keells Holdings Plc. JKH was down by 3.10 to close at Rs 205. Day’s total turnover was amounted to 2.81 billion rupees.
Heavy trading reported in both Voting and Non-voting shares of Blue Diamond Jewellery Worldwide Plc (BLUE). 20,957,700 non-voting and 12,612,200 voting shares of BLUE changed hands today. BLUE voting stocks closed 1.20 higher at Rs 10.10 while non-voting stocks closed at Rs 4.80, up by 80 cents.
There were 123 price gainers and 77 negative contributors for the day. Index heavy weighted Carsons Cumberbatch Company Plc was down by 9.80 to close at Rs 580.20.
1,110,500 shares of Union Bank changed hands during the trading session but closed 20 cents lower at Rs 21.80. Foreigners were net sellers with net outflow of Rs 134,014,880.00.
33,920,282 shares of Capital Alliance Finance Ltd (CALF-N-0000) would be permitted for trading from 4th October 2011 and would be classified under the Banks, Finance and Insurance Sector. These shares would be listed on the CSE-Diri Savi Board.
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Monday, September 26th, 2011 at 6:17 pm
Sri Lanka main stock index ASI closed 1.42 points higher at 6736.02 while MPI closed at 6025.81, up 1.88 points. Day’s total turnover amounted to 1.42 billion rupees. Tess Agro Plc (TESS) was the most active stock today with more than 25 million shares changing hands. TESS closed 80 cents higher at Rs 6.60.
11,025,800 shares of Muller and Phipps (Ceylon) Plc (MULL) traded during the day and closed 20 cents higher at Rs 3.30. MULL is a favourite penny stock of day traders with little fundamental value. HVA Foods Plc was up by 8.60 to close at Rs 58.60. Illiquid Harishchandra Mills Plc was up by massive 800 rupees on mere 100 shares and closed at Rs 2400.00
99 stocks lost their value today while 91 stocks managed to close higher than previous day’s closing prices. Ceylinco Insurance Plc was down by 72.50 to end the day at Rs 717.20. Hatton National Bank closed at Rs 195.00, down four rupees.
PC House PLC has acquired a 90% interest in Infoserve (Private) Limited for Rs 45 million. Infoserve (Private) Limited is a BOI approved Sri Lanka based Company, which operates under the brand name “athandz”, and is a pioneer in offering internet research services. PC House closed 10 cents higher at Rs 17.10.
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Friday, September 23rd, 2011 at 6:45 pm
At the end of Friday’s trading Colombo All Share Price Index lost 27.78 points or 0.41 percent to close at 6734.60 while Milanka Index lost 83.67 points to end the day at 6023.93. Friday’s total market turnover amounted to 1.13 billion rupees.
Despite declining trend some stocks was gained due to speculative buying. REGIS was up by 26.30 to close at Rs 304.30 while Radiant Gems (RGEM) too received attention of speculators. RGEM closed 8.90 higher at Rs 192.50.
John Keells Holdings was down by 3.90 to close at Rs 209.10 while Commercial Bank of Ceylon Plc voting stocks lost two rupees to end the day at 113.40. Laugfs lost one rupee to close at Rs 40.50. There were 126 negative contributors and only 56 positive contributors for the day.
6,718,400 shares of Tess Agro Plc changed hands during the day’s trading and closed 70 cents higher at Rs 5.80. 4,068,300 shares traded in Amana Takaful Plc and closed unchanged at Rs 2.70. Foreign investors continues to be net sellers with net outflow of Rs 21,785,657.00.
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Tuesday, September 20th, 2011 at 7:45 pm
Colombo All Share Price Index lost42.35 points to close at 6828.57 while Milanka Index which representsmost liquid 25 stocks traded in
CSE lost 40.02 points to end the dayat 6169.22. Day’s market turnover amounted to 1.8 billion rupees.
Asian Alliance Insurance (AAIC) was thehighest percentage gainer today. AAIC was up by 62 rupees to close at187.30. Softlogic Capital Limited has bought the controlling interestin AAIC last month and offered to buy all remaining shares at Rs120.00 per share.
Softlogic Capital Ltd (SCAP) would bepermitted for trading from 21st September 2011 and would beclassified under the Banks, Finance and Insurance sector. Theseshares would be listed on the Diri Savi Board of the CSE. SCAP willbe listed by the way of introduction.
Index heavy JKH lost 2.20 to close atRs 214.80 while HVA Foods closed 2.90 lower at Rs 55.80. Sri LankaTelecom Plc was down by 90 cents to close at Rs 48.50.
Union Bankclosed 30 cents lower at Rs 22.80.
Foreigners bought Rs 153.63 millionworth of stocks and sold stocks valued at Rs 193.66 million. 133stocks closed lower while 57 stocks made gains during the day’strading.
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