Friday, March 9th, 2012 at 8:10 pm
Colombo Stock Exchange daily turnover dipped just to 381 million rupees at the end of Friday’s trading. 105 stocks closed lower while 95 stocks closed higher. ASI was closed flat at 5456.27 while Milanka Index closed at 4821.64, up 37.71 points. Milanka Index gained mainly due to Rs 4.20 gain in Aitken Spence (SPEN) and Rs 3.20 gain in JKH. SPEN closed at Rs 119.30 while JKH closed at Rs 189.30.
Aitken Spence Hotel Holdings Plc was up by 3.40 to close at 70 rupees. BUKI lost 24.10 to end the day at Rs 925.90 while CTC lost 9.70 and closed at Rs 505.30 however only 75 shares traded. Environmental Resources Investments Plc (GREG) closed 40 cents lower at Rs 16.60.
Foreigners purchased stocks valued at Rs 73.16 million and sold 22.89 million worth of stocks resulting net inflow of Rs 50,276,982.00.
Access Engineering Limited Initial Public Offering
The company informs the details of payments received by way of Bank Guarantees, Bank Drafts and Cheques before rejects:
13 Bank Guarantees – 17,275,000 shares for Rs. 431,875,000.00
991 Bank Drafts and Cheques – 13,645,000 shares for Rs. 341,125,000 .
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Friday, March 2nd, 2012 at 5:48 pm
At the end of Friday’s trading, Colombo main stock index ASI lost 9.49 points to close at 5460.19 while Milanka index which represents most liquid stocks of the bourse lost 18 points to close at 4745.19. Day’s total market turnover was very low at Rs 403.16 million.
Index heavy weighted Carsons Cumberbatch Plc was up by 13.20 to close at Rs 470.00 while John Keells Holdings Plc closed at Rs 178.30, up 40 cents. Nestle Lanka Plc gained 26.60 to close at Rs 945.00 but for just 18 shares. Commercial Bank of Ceylon Plc closed 20 cents higher at Rs 100.00.
Hayleys Plc lost 19.70 on single share trade to close at Rs 360.20. Sampath Bank Plc closed 2.10 lower at Rs 182.10 while LB Finance closed at Rs 135.00, down 5.20. HVA Foods, which ended at 17.60 down one rupee.
Foreigners were net buyers with net inflow of Rs 95,551,515.00.
According to the Daily FT (ft.lk) report, overall combined profit of the listed companies has fallen last quarter. However few selected companies reported best ever results for the quarter ended December 2011. They further said the cumulative earnings for the quarter ended on 31 December 2011 was Rs. 40.6 billion, up by only 0.56% year-on-year according to broking sources who have tracked corporate results. 210 companies released their last quarter results so far. These 210 includes almost all major companies including big commercial banks which all released their fourth quarter results this week.
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Monday, February 27th, 2012 at 5:46 pm
The benchmark ASI was down by 89.71 points or 1.61 percent to close at 5476.59 while Milanka index closed at 4753.39, down 49.39 points. Listed Companies continues to release improved quarterly results for the quarter ended 31st Dec 2011. National Development Bank reported 69 percent growth for the last quarter.
According to the brokers profit taking from last week’s rally also witnessed during the Monday’s trading. Turnover was amounted to 616.06 million rupees. 167 stocks closed lower while only 49 stocks managed to close higher. Index heavy weight BUKI closed 50.10 lower at Rs 937.90. Serandib Land Plc lost 1250.00 to close at Rs 1250.00 on just a single share. There is no ODD Lot board in new trading system which was introduced on last Friday.
CTC was up by 12.80 to close at Rs 504.80 while PC Pharma closed 10.40 higher at Rs 50.40. Softlogic (SHL) was up by 30 cents to end the day at Rs 13.60.
Foreign investors were net buyers with net inflow of Rs 224,235,022.00.
Mackwoods Energy Limited will issue 25 million ordinary Voting Shares to the public at a Price of LKR 14.00 per share. Mackwoods Energy IPO will open its subscription list on 22nd March 2012.
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Wednesday, February 22nd, 2012 at 4:56 pm
After steady climb Colombo main stock index ASI closed 112.46 points or 2.12 percent higher at 5420.97 while Milanka Index closed at 4733.16, up 132.53 points. Blue Chip John Keells Holdings Plc (JKH) gained 7.40 to close at Rs 173.90. More than 1.3 million JKH shares changed hands during the day. Total market turnover amounted to 1.52 billion rupees.
1,568,500 shares of Commercial Bank of Ceylon traded and closed 10 cents higher at Rs 100.10 while Sri Lanka Telecom was up by one rupee to end the day at Rs 48.90. Union Bank closed at Rs 18.00. up 1.10. Environmental Resources Investments Plc (GREG) also traded heavily and closed 2.70 higher at Rs 22.10. Hotel Sigiriya was up by 8.50 to close at Rs 73.80. Keells Foods Products Plc gained twenty rupees to close at Rs 92.00.
Distilleries Company of Sri Lanka Plc lost 2.10 to close at Rs 126.60. HDFC closed at Rs 1050.00, down thirty rupees.
Net foreign inflow of Rs 448,899,380.00 recorded for the day. Sri Lanka Rupee/USD exchange rate is stabilising around Rs 118/119 level after hitting 120.90 last week.
Access Engineering Limited is offering 20 million shares at Rs 25.00 per share to the public. Access Engineering IPO will open their subscription list on 6th March 2012.
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Thursday, February 16th, 2012 at 5:18 pm
The bench mark All Share Index gained a whopping 5.08 percent to close at 5279.09 while Milanka was up by 4.10 percent to close at 4552.84. Index heavy weighted Blue Chip John Keells Holdings Plc closed 3.50 higher at Rs 163.00. Total turnover was amounted to Rs 1.15 billion.
223 stocks made gains while only six stocks closed lower after day’s trading. Sri Lanka Telecom Plc was up by 2.80 to close at Rs 47.00. Distilleries Company of Sri Lanka closed 5.40 higher at Rs 125.40. Environmental Resources Investments Plc (GREG) gained 3.60 to end the day at Rs 19.00. More than 3 million shares of GREG changed hands.
Sri Lanka Rupee stabilised around Rs 118/ 119 against US $ after sharp deprecation during last few days. Foreigners bought Rs 168.53 million worth of stocks and sold stocks valued at Rs 117.52 million.
The sustainability of this up trend will depend on how investors select their stock investments. Unfortunately there were fundamentally weak speculative stocks among today’s gainers list.
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Monday, February 13th, 2012 at 4:46 pm
No one truly knows when a Bear Market will end. One can say bear market will end when Market Price Earnings Ratio falls to single digit. If that so CSE may fall further because CSE’s current Market PER is around 13x. However the most important factor to change the bear run is change in Investors sentiment. When people see more sell orders in order book of a stock everyone will try to sell but as soon as they start to see enough buy orders sellers may change their minds.
Colombo Stock Market started trading for a fresh week with the bad news of steep fuel price increase. In early trading ASI was crashed almost 4.5 percent but later recovered half of early losses. At the end of Monday’s trading ASI lost 117.01 points or 2.2 percent to close at 5199.98 while more liquid Milanka index closed 4524.17, down 102.97 points. Day’s total turnover was amounted to 1.46 billion rupees.
187 stocks lost their value during the trading session while only 37 stocks closed higher. Index heavy Carsons Cumberbatch Plc lost 17.50 to close at Rs 432.50 while John Keells Holdings Plc closed 3.30 lower at Rs 160.30. Environmental Resources Investments Plc (GREG) lost three rupees and closed at 20.20. Commercial Bank (COMB) lost 50 cents to close at Rs 100.50.
Foreign investors were net buyers with net inflow of Rs 44,334,737.00.
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Thursday, February 9th, 2012 at 4:30 pm
Bear Markets last for months or even years. Most investors get fooled by short-term upside movement during this prolonged bear markets. Some people buy speculative stocks during these short-term spike and attract further losses towards them. Only handful of stocks with strong valuations may keep their share prices less vulnerable to sharp falls. For example Commercial Bank of Ceylon managed to keep their price around Rs 100.00 level during past few months because of its strong fundamentals.
At the end of the Thursday’s trading All Share Price Index dipped by further 2.3 percent or 125.26 points to close at 5316.99 while Milanka closed at 4627.14, down 94.65 points. Day’s total market turnover was amounted to Rs 870.81 million.
Commercial Bank Plc (COMB) has declared cash Dividend of Rs.1.50 per share & Scrip Dividend (Voting & Non-Voting) Scrip Dividend Voting Proportion : 01 for 56.33 shares Number of Shares to be issued : 13,581,396 Non-Voting Proportion : 01 for 47.22 shares Number of Shares to be issued : 1,108,902. COMB voting shares closed at Rs 101.00, down 40 cents.
Index heavy BUKI lost 48.70 to close at Rs 896.60 while Hatton National Bank closed 8.40 lower at Rs 139.50. John Keells Holdings (JKH) lost 1.30 to close at Rs 163.60. 1,256,600 shares of JKH traded during the day. Softlogic lost one rupee to end the day at Rs 13.90. 186 stocks closed lower than previous day while only 26 stocks closed positively.
In view of 10-02-2012 being declared a Special Bank Holiday in lieu of Holy Prophet s Birthday which falls on Sunday, please note that 10-02-2012 has been declared a Holiday by the CSE.
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Monday, February 6th, 2012 at 4:17 pm
Commercial Bank of Ceylon Plc (COMB) accounted for more than 63 percent of the day’s total turnover. 8,582,900 shares of COMB changed hands and closed 1.50 higher at Rs 102.00. ASI was down by 24.96 points to close at 5561.43 while MPI closed at 4805.99, down 7.13 points. Total turnover amounted to 1.34 billion rupees.
119 stocks closed lower while only 50 stocks closed higher. Index heavy The Bukit Darah Plc was up by thirty-six rupees to close at Rs 997.40 but only 100 shares traded. 1,045,600 shares of Distilleries Company of Sri Lanka traded and closed 80 cents higher at Rs 135.00. Soft Logic Holdings closed at Rs 15.00, up 40 cents.
Illiquid Lanka Ashok Leyland Plc lost 310 rupees to end the day at Rs 2500.00 but only 100 shares done. Carsons Cumberbatch Plc was down by 10.90 to close at Rs 479.00. Bairaha Farms (BFL) lost 8.50 to close at Rs 167.70. Colombo Dockyard Plc closed at Rs 220.00, down five rupees. Environmental Resources Investments Plc lost 50 cents to close at Rs 26.60.
Foreign investors sold Rs 887.91 million worth of stocks and purchased stocks valued at Rs 259.16 million.
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Thursday, February 2nd, 2012 at 4:43 pm
After last week rally in Banking Stocks the usual bearish trend in CSE continued for the 3rd consecutive day. At the end of Thursday’s trading CSE All Share Index lost 76.84 points or 1.35 percent to close at 5605.49 while MPI closed 68.35 points lower at 4841.11. Turnover was amounted to 970.12 million rupees.
Heavy trading witnessed in Environmental Resources Investments Plc (GREG) normal shares and warrants. 1,026,400 GREG (N) shares changed hands and closed one rupee lower at Rs 26.00. Over 7.2 million GREG.W0002 traded and closed at Rs 1.60, down 3.90. According to the CSE and in terms of a clarification received from SEC, trading of the GREG.W0002 warrant will not be permitted after 03-02-2012.
Commercial Bank of Ceylon Plc was down by three rupees to close at Rs 101.70. John Keells Holdings Plc closed 2.50 lower at Rs 167.50. Despite 92.29 percent growth in quarterly profit LB Finance lost 5.20 to close at Rs 126.80. Cargills (Ceylon) Plc closed at Rs 5.00 to close at 180 but only 300 shares traded. 6,196,200 shares of Asia Asset Finance (AAF) traded and closed 20 cents lower at six rupees.
CTC a unit of multinational BAT lost nine rupees to close at Rs 490.00. CTC reported earning per share of Rs 35.07 for the year ended 31st December 2011 against Rs 27.21in 2010. Company further said for year 2011, interim dividends totalling Rs 28.90 less tax have been declared and paid already.
Foreigners were net buyers with net inflow of Rs 116,146,473.00.
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Monday, January 30th, 2012 at 4:52 pm
Within the first hour of trading ASI crossed 5800 mark with strong gains in banking stocks. However the bullishness was slowed down as investors start to take their profit. At the end of Monday’s trading ASI was up by 30.12 points to close at 5755.56 while Milanka index was up by 54.40 points to close at 4976.21. Total turnover was amounted to 1.40 billion rupees.
Commercial Bank of Ceylon Plc (COMB) voting shares touched Rs 112.00 but closed only1.40 higher at Rs 105.40 while COMB non voting stocks was up by 5.40 to end the day at Rs 88.50. Nation Trust Bank (NTB) closed at Rs 62.10, up 90 cents. 2,856,000 of National Development Bank shares changed hands and closed 3.70 higher at Rs 127.00. Sampath Bank Plc was up by 11.90 to close at Rs 190.50. Hatton National Bank closed 5.70 higher at Rs 150.10. Conglomerate John Keells Holdings Plc (JKH) closed at Rs 170.00, up 2.10. More than 1.2 million shares of Union Bank traded and closed 10 cents higher at Rs 20.10.
Exactly 100 stocks closed on a positive note while 101 stocks lost their value during the trading session. Capital Development and Investment Company Plc was down by 34.30 to close at Rs 245.00. Distilleries Company of Sri Lanka Plc lost three rupees to close at Rs 137.00.
According to the announcement made by Browns Investments (BIL), company has bought 51 percent of Ajax Engineers for 100 million rupees. BIL closed 10 cents higher at Rs 3.90. Ajax Engineers is a leader in installing aluminum curtain walls, doors, windows and glass facades.
Rs 313,969,945.00 net foreign outflow reported for the day.
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