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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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» Should I Stick Around, or Should I Follow Others' Lead?
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    Market review 19/3/2014 Lanka Business Online

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    Winner


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    Join date : 2014-03-03

    Market review 19/3/2014 Lanka Business Online Empty Market review 19/3/2014 Lanka Business Online

    Post by Winner Wed Mar 19, 2014 4:30 pm

    Sri Lanka shares end slightly higher
    19 Mar, 2014 16:20:42
    Mar 19, 2014 (LBO) - Sri Lanka's shares end 0.07 percent higher with banking and beverages stocks gaining amid strong foreign selling, brokers said.

    The Colombo benchmark All Share Price Index closed 4.41 points higher at 5,912.05 up 0.07 percent. The S&P SL20 closed 10.58 points higher at 3,225.22, up 0.33 percent.
    Turnover was 640.97 million rupees, up from 509.27 million rupees a day earlier with 92 stocks close positive against 74 negative.

    John Keells Holdings closed 1.00 rupee lower at 218.00 rupees with market transactions of 379.53 million rupees contributing to 59 percent of the daily turnover.

    JKH’s W0022 warrants closed 20 cents lower at 63.80 rupees and its W0023 warrants closed 20 cents lower at 67.10 rupees.

    Foreign investors bought 180.30 million rupees worth shares while selling 454.45 million rupees of shares.

    Sampath Bank closed 1.70 rupees higher at 179.90 rupees, attracting most number of trades during the day.

    Nestle Lanka closed 38.10 rupees higher at 1,950.20 rupees and Hatton National Bank closed 5.00 rupees higher at 157.90 rupees, contributing most to the index gain.

    Commercial Leasing and Finance closed 20 cents higher at 4.00 rupees and Commercial Bank closed 1.50 rupees higher at 116.50 rupees.
    N D B Capital Holdings closed 39.00 rupees lower at 500.00 rupees and Ceylinco Insurance closed 59.90 rupees lower at 1,390.00 rupees.

    Carson Cumberbatch closed 5.20 rupees higher at 350.20 rupees and Ceylon Tobacco Company closed 20.00 rupees lower at 1,100.00 rupees.

    Bukit Darah closed 3.90 rupees lower at 551.10 rupees.
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    Winner


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    Market review 19/3/2014 Lanka Business Online Empty Re: Market review 19/3/2014 Lanka Business Online

    Post by Winner Wed Mar 19, 2014 6:50 pm

    Sri Lanka shares edge up; Nestle, HNB gain
    COLOMBO, March 19 Wed Mar 19, 2014 7:40am EDT
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    (Reuters) - Sri Lankan shares edged higher in light trade on Wednesday, led by Nestle Lanka Plc and Hatton National Bank PLC (HNB) despite foreign outflows as an impending U.N. resolution on the country's human rights record later this month dented sentiment.

    The main stock index ended up 0.07 percent, or 4.41 points, at 5,912.05.

    Foreign investors were sellers for a fourth straight session, recording net sales of 274.2 million rupees worth of shares on Wednesday. Net outflows so far in 2014 stand at 4.16 billion rupees, and clocked 22.88 billion rupees in 2013.

    The day's turnover was at 641 million rupees ($4.91 million), well below this year's daily average of about 907.4 million rupees.

    Analysts said investor sentiment has been dented on concerns over the U.N. resolution, which could have an impact on the country's economy. Many potential buyers in risky assets are staying on the sidelines awaiting clear direction.

    Nestle Lanka gained 1.99 percent to 1,950.20 rupees while Hatton National Bank rose 3.27 percent to 157.90 rupees.

    Earlier this month, Sri Lanka questioned the independence of the human rights office of the United Nations after the United States asked it to investigate violations by the Sri Lanka government related to the civil war.

    A vote on the resolution is scheduled for the last week of the session, starting on March 24. ($1 = 130.5900 Sri Lanka rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil Nair)

      Current date/time is Sat Nov 16, 2024 5:24 am