- Winner
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Join date : 2014-03-03
Market review 4/3/2014 LBO
04 Mar, 2014 16:00:36
Mar 04, 2014 (LBO) - Sri Lanka's stocks close 0.38 percent higher Tuesday with index heavy John Keells Holdings and Ceylon Tobacco Company extending gains, brokers said.
The Colombo benchmark All Share Price Index closed 22.61 points higher at 5,936.62, up 0.38 percent. The S&P SL20 closed 7.53 points higher at 3,221.42, up 0.23 percent.
Turnover was 371.32 million rupees, up from 259.65 million rupees a day earlier.
Foreign investors bought 114.15 million rupees worth shares while selling 107.80 million rupees of shares.
101 stocks closed up against 67 going down.
Ceylon Tobacco Company closed 16.60 rupees higher at 1,105.80 rupees and JKH closed 1.60 rupees higher at 220.10 rupees, contributing most to the index gain.
JKH’s W0022 warrants closed 1.00 rupee higher at 63.30 rupees and its W0023 warrants closed 60 cents higher at 65.90 rupees.
Dialog closed 10 cents higher at 9.20 rupees and Lion Brewery closed 8.00 rupees higher at 393.00 rupees.
SLT closed 40 cents lower at 44.30 rupees and Ceylinco Insurance closed 24.90 rupees lower at 1,348.00 rupees.
Nestle Lanka ended 30 cents lower at 2,000.00 rupees and Distilleries closed 1.20 rupees higher at 205.00 rupees.
DFCC Bank ended 60 cents lower at 142.40 rupees and NDB bank closed 60 cents higher at 180.00 rupees.
- Ethical TraderTop contributor
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Join date : 2014-02-28
Re: Market review 4/3/2014 LBO
- Winner
- Posts : 56
Join date : 2014-03-03
Re: Market review 4/3/2014 LBO
Ethical Trader wrote:Thanks Winner, continue the good work. It would have been better if the source is also mentioned.
Welcome. Its Lanka Business Online (LBO)
- Winner
- Posts : 56
Join date : 2014-03-03
Re: Market review 4/3/2014 LBO
COLOMBO, March 4 Tue Mar 4, 2014
(Reuters) - Sri Lankan shares edged up on Tuesday, led by stocks of large cap firms such as Ceylon Tobacco Company Plc and John Keells Holdings Plc, but turnover was thin as cautious investors stayed on the sidelines.
The main stock index rose 0.38 percent, or 22.61 points, to close at 5,936.62.
Shares of Ceylon Tobacco Company rose 1.52 percent to 1105.80 rupees and top conglomerate John Keells Holdings gained 0.73 percent to 220.10 rupees.
The day's turnover was 371.2 million rupees ($2.84 million), well below this year's daily average of about 1.05 billion rupees.
Analysts said investors were cautious and waiting for direction as a tough resolution on Sri Lanka comes up for voting at the United Nation's Human Rights Council later this month.
Foreign investors sold a net 7.75 million rupees worth of shares on Tuesday, extending their net selling in the last 17 sessions to shares worth 5.43 billion rupees as some offshore funds exited the market.
The index has seen a net 4.04 billion rupees of foreign outflows so far in 2014, after net inflows of 22.88 billion rupees last year.
Analysts said investors were concerned about further outflows, though local investors are still optimistic about risky assets due to falling interest rates. ($1 = 130.6250 Sri Lanka rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anupama Dwivedi)
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