Saturday, 3 January 2015 03:23
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By Lanka Securities
The Colombo equities started the New Year with a winning momentum to wrap the weekly activities in positive territory.
The All Share Price index advanced by 49.44 points (+0.68%) to end at 7,348.39 while S&P SL 20 index advanced by 21.16 points (+0.52%) to end at 4,110.30.
During the week the core index gained 39.36 points or 0.54% while S&P SL 20 index increased by 26.13 points or 0.64%.
Price appreciation in counters such as Commercial Bank (closed at LKR 175.00, +2.3%), Carson Cumberbatch (closed at LKR 440.00, +2.2%) and Sri Lanka Telecom (closed at LKR 51.30, +2.8%) positively affected market performance.
Market turnover was Rs. 743 million. Seylan Bank non-voting emerged as the top contributor to market turnover with Rs. 136 million underpinned by a crossing where 0.5mn shares at Rs. 59 per share. Access Engineering and John Keells Holdings recorded the next best contributions to the market turnover with Rs. 67 million and Rs. 45 million respectively. Another crossing was recorded in People’s Leasing (1 million shares at Rs. 24.50 per share). Aggregate value of crossings represented 7% of the market turnover.
Gainers outweighed losers 160 to 29 while 46 counters remained unchanged. Cash map marginally improved to 55% from 51%. Six counters reached 52-week high price levels and five counters reached 52 week low price levels.
Furthermore, shares of Access Engineering, Sanasa Development Bank and Seylan Bank (non-voting) were traded heavily during the session.
John Keells Holdings positioned itself at the top of the contribution list of the weekly turnover with Rs. 374 million followed by Seylan Bank non-voting (Rs. 260 million) and Access Engineering (Rs. 214 million).
Foreign investors were net sellers for the day with net outflow of Rs. 11 million. Foreign participation was 14%. Net foreign outflows were seen in counters such as Seylan Bank non-voting (Rs. 24 million), Chevron Lubricants (Rs.18 million) and Overseas Realty (Rs. 11 million) while net foreign inflow was mainly seen in John Keells Holdings (Rs. 26 million).
For the week, foreign investors were net buyers with a net inflow of Rs. 225 million. Weekly net foreign participation was at 19%. Weekly net foreign inflows were seen in John Keells Holdings (Rs.138 million), Asia Asset Finance (Rs. 106 million) whereas net foreign outflow was mainly seen in Seylan Bank non-voting (Rs.25 million).
Moreover SMB Leasing emerged as the top gainer of the week while Blue Diamond non-voting emerged as the top loser.
