weekly Report Archives

Colombo Stock Exchange completed historic week.

Friday, July 30th, 2010 at 10:43 pm 
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Colombo Stock Exchange completed historic week.
CSE Top 5 Gainers & Losers for the week.
The week that ended on 30th July 2010 was a historic week for the CSE. Colombo main stock index ASI (All Share Price Index) crossed the important 5000 index points.
During the week ASI was up by 265.67 points to close at 5161.18. Milanka index gained 309.6 points to close the week at 5854.73. Total equity turnover for the week amounted to Rs 16.21 billion compared to 13.43 billion rupees reported previous week. Market PER increased to 21.62 from 20.50 last week.
Watapota Investments & GREG warrants were the highest percentage gainers for the week while Vidulanka, Asiri Central & Kuruwita Textile were among the highest percentage losers for the week.
In Banks Finance & Insurance sector, AVIVA NDB Insurance Plc was up by 77.50 to close at Rs 300.00 while Lanka Orix Leasing Company (LOLC) closed at Rs 400.00, up 75 rupees. Sri Lanka’s leading finance company Central Finance Plc was up by 57.75 to close at Rs 550.75. Sampath Bank closed at 12.75 higher at Rs 372.75.
Ceylon Cold Stores was the top gainer in Beverage Food & Tobacco sector while Distilleries Company of Sri Lanka Plc closed at Rs 137.75, up 11.75.
Aitken Spence Plc was the highest positive contributor within Diversified Holdings sector with Rs 224.5 gain to close at Rs 1924.50 while John Keells Holdings Plc closed Rs 18.25 higher at Rs 248.25. Richard Peiris Company Plc was up by 23.75 to end the week at Rs 115.75.
Kelani Valley Plantation & Namunukula Plantation was the biggest gainers in plantation sector with the gains of Rs 16.25 & Rs 11.00 respectively.  Kelani Valley closed the week at Rs 121.00 while Namunukula closed at Rs 67.75.
The recently concluded IPO, ODEL Limited shares will commence trading on 4th August 2010. 144 950 000 shares of ODEL will be listed on the Diri Savi Board of the Colombo Stock Exchange& will be classified under Footwear & Textile sector. ODEL issued 16.7 million shares to the public at Rs 15/- per share early this month & oversubscribed 63 times than offered quantity. Investors are expecting ODEL shares will start trading above Rs 20/- per share.
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Colombo Stock Market Weekly Review.

Friday, June 11th, 2010 at 11:05 pm 
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Week ended 11th June 2010.
Heavy interest in Banking & Diversified Holding sector drove the indices to new highs. ASI gained 203.13 to close the week at 4561.33 while MPI gained 213.82 points to close at 5182.16. Total equity turnover for the week amounted to Rs 13.13 billion rupees with an average daily turnover of Rs 2.62 billion. Total market capitalization stood at 1.486 trillion rupees, up by Rs 67.59 billion.
During the week Hatton National Bank Plc was up by 21 rupees to close at Rs 292.75 while DFCC Bank gained 15.25 to end the week at Rs 265.25. Commercial Bank was up by 13.25 to close at Rs 280.00.  National Development Bank was up by 14.75 to close at Rs 247.00.
On Friday Carson Cumberbatch Group has announced a restructuring plan on their plantation assets in other countries. Carson Cumberbatch Plc has incorporated a wholly owned subsidiary to hold plantation assets. The name of that newly registered company is Goodhope Asia Holdings Ltd (GAHL) & it was registered in Singapore. Carson Group has announced improved results for the last financial year. Most of Carson Group stocks gained sharply on Friday.
In Hotels & Travels sector Trans Asia Hotel was up by 39 rupees to close at Rs 262.50 while Asian Hotels & Properties Plc closed at Rs 167.00, up 21.50.
Retailers may shift their investment trend from high valued stocks to low valued stocks (Midcap stocks) in coming days.
Foreigners were net sellers during the week with Rs 2.46 billion purchases & Rs 3.49 billion sales.
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Colombo Stock Market weekly report for the week ended 5th March 2010.

Friday, March 5th, 2010 at 6:37 pm 
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All Share index was gained by 16.31 points for the entire week. Total equity turnover has improved to 6.4 billion rupees compared to 4.7 billion rupees for previous week.  Foreigners were net sellers with net outflow of 522.53 million rupees.
Investors were focusing on fundamentals rather than speculating. Majority of listed companies already announced improved earnings for the quarter ended 31st December 2009.
In next few months there will be shift in investor interest from secondary market to IPO market.
Two new initial Public issues announced during the week.
1.       Rigam Wayamba Salterns  Ltd – Offer for Subscription.
Rigam will issue 80,000,000 shares at Rs 2.50 per share & subscription list will open on 23rd March 2010.
2.       Vallibel Finance Limited – Offer for Subscription.
Vallibel Finance is to issue 5.2 million shares at Rs 22.00. Offer list will open on 31st March 2010.
Prospectus & application forms for above issues will available for general public within next few days.
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CSE Weekly Market Report for the week ended 26th Feb 2010.

Saturday, February 27th, 2010 at 12:10 pm 
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Colombo All Share Index crossed the 3800 mark during the week to close at 3807.86, up 39.05 points while Milanka Index closed the week 11.69 points higher at 4354.73. Total equity turnover was amounted to 4.75 billion rupees.
Top five gainers for the week. (%)
Company                                Close (Rs.)       Change(Rs.)    Change (%)
DIMO                                      462.25             155.25                50.57
COLONIAL MTR                      80.00                  26.00               48.15          
SHAW WALLACE                     184.00                54.00               41.54
TEA SERVICES                          530.00               130.00             32.50
UNION CHEMICALS                 250.00                 50.25             25.16
Top five losers for the week. (%)
Company                                Close (Rs.)       Change(Rs.)    Change (%)
LANKA ASHOK                         1,075.00         (270.00)             (20.07)
SUNSHINE HOLDING                   702.00         (118.00)            (14.39)
ARPICO                                          61.25             (7.25)           (10.58)
BERUWELA WALKINN                   60.00            (7.00)             10.45)
SEYLAN MERCHANT [X]                  1.00            (0.10)              (9.09)
Despite overall better cooperate results for the quarter ended 31 Dec 2009; market activity was declined mainly due to other factors. Currently investors were focusing on low valued stocks as most of blue chip stocks already reached their fair value.     
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Weekly Market Report for the week ended 19th Feb 2010.

Saturday, February 20th, 2010 at 12:34 pm 
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Market (ASI) gained 58.84 points for the entire week to close at 3768.81. Total equity turnover stood at Rs 6.87 billion compared to Rs 9.51 billion in previous week.  There was Rs 443 million foreign out flow recorded during the week.
Top 5 gainers for the week. (%)
Fort Land gained 33.00 rupees (+94.29%) to close at Rs 68.00.
Singalanka was up by Rs 44.00 (+45.83%) to close at Rs 140.00.
E B Creasy closed at Rs 330.00, up Rs 102.00 (+44.74%).
Central Industries was up by Rs 57.25 (+33.14%) to close at Rs 230.00.
MTD Walkers was up by Rs 107.25 (+32.40%) to end the week at Rs 438.25.
Top 5 losers for the week. (%).
First Capital (CFVF) lost 31.00 rupees (-94.29%) to close at Rs 62.00.
Eastern Merchant lost 69.00 rupees (-31.36%) to close the week at Rs 151.00.
Tea Services was down by Rs 49.75 (-11.06%) to close the week at Rs 400.00.
People’s Fin lost Rs 4.25 (-10.49%) to close at Rs 36.25.
Udapussellawa Plantation lost 3.25 (-9.63%) to close at Rs 30.50.
The Ceylon Tea Brokers IPO oversubscribed more than 10 times on its opening day. As majority of December quarter earnings are better than expected it is likely that market will stabilize at current levels.
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Volatile Week.

Friday, January 22nd, 2010 at 9:49 pm 
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CSE weekly market report for the week ended 22nd Jan 2010.
 Despite positive close on Friday overall market ASI) dipped 31.41 points to close the week at 3531.73. With increased election fever market was unable to find the direction. Investors who did not wish to take the post election risk sold their shares to take the advantage of recent gains. Total equity turnover for the week was 6.06 billion rupees. Foreigners purchased 476.6 million worth of stocks while sold stocks valued 1512 million rupees.
Top gainers for the week.
·         First Capital was up by Rs 35.00 (+125%) to close at Rs 63.00.
·         Seylan Merchant gained Rs 1.55 (+32.98%) to close at Rs 6.25.
·         MTD Walkers closed at Rs 364.00, up 84.75 (+30.35%).
·         Ceylon Brewery closed at Rs 147.00, up 27.00 (+22.5%).
·         Asiri Central Closed Rs 19.25 (+19.11%) higher at Rs 120.00.
Top percentage losers for the week.
·         Nation Lanka lost 3.75 (-18.99%) to end the week at Rs 16.00.
·         Ceylon Leather Products closed at Rs 92.75, down Rs 17.00 (-15.49%).
·         People’s Merchant Bank lost Rs 4.50 (-11.32%) to close at Rs 35.25.
·          Hotel Sigiriya lost Rs 5.75 (-10.18%) to end the week at Rs 50.75.
·         Kandy Hotels closed at Rs 106.75, down Rs 11.25 (-9.53%).
Our opinion is long term investors should not worry over the Presidential Election results. Even if the result is one not expected by investors, the market fall will be very short term. It will be definitely picked up in medium term.  
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Weekly Stock Market Report for the week ended 16th Oct 2009.

Saturday, October 17th, 2009 at 1:33 pm 
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Colombo stock market has experienced higher activity throughout the week. Total turnover (Equity only) touched 6.41 billion rupees compared to Rs 5.5 billion. ASI was up by 16.53 points (0.53%) for the week to close at 3131.91.

Foreign investors were net buyers with Rs 1.06 billion net inflow.

Market Price Earnings Ratio increased slightly to 14.87 from previous week figure of 14.78. The total market capitalization as at 16th October 2009 was Rs 1006 billion (Approximately US$ 8.74 billion).

Top 5 Percentage gainers for the week.

· Morisons ( X) was up by Rs 280.00 (66.67%) to close at Rs 700.00.

· Morisons was up by 299.50 (59.04%) to close at Rs 806.75.

· Nation Trust (Warrants) was up by 3.25 (52%) to close at Rs 9.50.

· Colombo Land (Warrants) was up by 1.20 (37.50%) to close at Rs 4.40.

· First Capital gained 4.75 (31.67%) to close at Rs 19.75.

Top 5 Percentage losers for the week.

· The Good Hope Plc lost Rs 111.25 (-23.36%) to close at Rs 365.00.

· John Keells Plc was down by Rs 22.00 (-13.75%) to closed the week at Rs 138.00.

· Hayleys MGT was down by Rs 4.75 (-11.88%) to close at Rs 35.25.

· Singer Industries lost eleven rupees (-11.34%) to close at Rs 86.00.

· Seylan Merchant (Nonvoting) lost ten cents (-11.11%) to close at Rs 0.80.

Market will likely to face minor correction before it pickup again. Steady increase in foreign investment in Colombo Market will be good sign for the local investors who pushed the indices to this level.

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Colombo Stock Market Weekly Report

Sunday, September 20th, 2009 at 2:40 pm 
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Week ended 18th September 2009.

Market appreciated almost 100 points (3.4%) for the week. Turnover recorded for the week was Rs 5.8 billion. Foreign purchases exceeded sales with 1.7 billion rupees in purchases & sales amounted to 1.3 billion rupees.

Top 5 percentage gainers for the week

SM Leasing closed at Rs 49.75, up Rs 14.25 (+40.14%).

Lanka Ashok closed at Rs 425.00, up Rs 115 (+37.10%).

Singer Industries closed at Rs 119.00, up Rs 26.00 (+27.9%).

EB Creasy closed at Rs 290.00, up Rs 62.50 (+27.47%).

Good Hope closed at Rs 315.00, up Rs 65.00 (+26%)

Top 5 losers for the week

Paragon closed at Rs 210.00, down Rs 65.00 (-23.64%).

Lion Brewery closed at Rs 57.75, down Rs 12.00 (-17.20%)

HDFC closed at Rs 160.25, down Rs 22.25 (-12.19%).

United Motors closed at Rs 58.25, down Rs 6.50 (-10.04%).

Blue Diamonds (X) closed at Rs 0.90, down 10 cents (-10%).

During the week there was two IPOs oversubscribed, namely HEMAS Power & NNMAL Acuity Value Fund. This oversubscription is clear evidence of the investor confidence on Colombo Stock Market & whole Sri Lankan economy despite ongoing recession in world economy.

Colombo Stock Exchange will be closed on 21st September 2009 on Id-UI-Fitr (Ramazan Festival Day).

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