Home
Register
"Significant interest in mid-cap counters’’
With the Colombo Stock Market now at a three-year high, a leading stockbroker said in a market report that active retail and high net worth investor participation continued to drive market activity with the bourse closing last week 16.24 points stronger.
"Consecutive daily gains on the benchmark index were helped by significant interest in mid-cap counters and relatively higher retail participation, helping offset mid week profit taking on selected counters," Acuity Stockbrokers said in its Weekly Market Review.
"Daily average turnover levels consequently amounted to Rs.2.25 billion (against the year-to-date daily average of Rs.1.26 billion), with crossings contributing 23.4% to total market turnover.
Net foreign inflows however had declined from the previous week amid significant outflows on Monday, the report said.
Foreigners nevertheless closed in a net buying position helping to extend the year-to-date net position to an inflow of Rs.11.23 billion.
Acuity expected the markets this week to retain the positive sentiment with institutional and retail investors generating sustained buying interest.
John Keells Stock Brokers said in its weekly market review that the All Share Price Index had closed 0.22% higher last week having recovered Monday’s loss over the rest of the week.
"Buying interest was evident across most sectors with turnover dominated by trades in the manufacturing, banking and finance, construction and diversified sectors including multiple crossings,’’ JKSB reported.
Foreign participation resulted in a net inflow of Rs.11.1 billion for the week, JKSB said.
JKH headed last week’s list of top contributors to market turnover accounting for 9.59% of the total (Rs.1.08 billion). Access Engineering with 7.95% (Rs.893.16 million) and Commercial Bank (4.20% or Rs.471.39 million) followed.
www.island.lk
With the Colombo Stock Market now at a three-year high, a leading stockbroker said in a market report that active retail and high net worth investor participation continued to drive market activity with the bourse closing last week 16.24 points stronger.
"Consecutive daily gains on the benchmark index were helped by significant interest in mid-cap counters and relatively higher retail participation, helping offset mid week profit taking on selected counters," Acuity Stockbrokers said in its Weekly Market Review.
"Daily average turnover levels consequently amounted to Rs.2.25 billion (against the year-to-date daily average of Rs.1.26 billion), with crossings contributing 23.4% to total market turnover.
Net foreign inflows however had declined from the previous week amid significant outflows on Monday, the report said.
Foreigners nevertheless closed in a net buying position helping to extend the year-to-date net position to an inflow of Rs.11.23 billion.
Acuity expected the markets this week to retain the positive sentiment with institutional and retail investors generating sustained buying interest.
John Keells Stock Brokers said in its weekly market review that the All Share Price Index had closed 0.22% higher last week having recovered Monday’s loss over the rest of the week.
"Buying interest was evident across most sectors with turnover dominated by trades in the manufacturing, banking and finance, construction and diversified sectors including multiple crossings,’’ JKSB reported.
Foreign participation resulted in a net inflow of Rs.11.1 billion for the week, JKSB said.
JKH headed last week’s list of top contributors to market turnover accounting for 9.59% of the total (Rs.1.08 billion). Access Engineering with 7.95% (Rs.893.16 million) and Commercial Bank (4.20% or Rs.471.39 million) followed.
www.island.lk
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?