October, 27, 2014
Colombo stock market started weekly operations on positive note where bourse managed to maintain momentum gained on last session. Core index advanced 7.60 index points or 0.11% to close at 7,221.08 while 20-scrip S&P SL index gained 10.43 index points (+0.26%) to close at 4,014.22. Price appreciations in John Keells Holdings (closed at LKR 250.00, +0.8%), Dialog Axiata (closed at LKR 12.20, +1.7%) & Ceylon Cold Stores (closed at LKR 250.00, +5.4%) contributed positively to the index performance.
Daily market turnover was LKR 986mn. Nestle Lanka topped the turnover with LKR 210mn supported by two crossings of 0.1mn shares at LKR 2,100.00. John Keells Holdings & Commercial Bank were among the next top contributors with LKR 137mn & LKR 108mn respectively.
Further several crossings recorded in Seylan Bank non-voting (0.9mn shares at LKR 52.50) and Overseas Realty (1.0mn shares at LKR 25.90).
Out of 269 counters, 110 declined, 104 advanced while 55 counters remained unchanged. Cash map remained unchanged at 55%. 8 counters reached 52wk high prices while 4 counters touched 52wk low price levels.
Vallibel Power, Lanka IOC & Sunshine Holdings attracted heavy investor preference during the session.
Alumex declared interim dividend of LKR 0.33 per share and counter closed at LKR 15.10, (-1.3%). Further Lanka Orix Leasing Company announced a debenture issue of 50mn debentures (LKR 100.00 each) to raise LKR 5bn.
Meanwhile, Odel announced that Ms. Otara Gunawardene will resign from Executive Directorship and CEO position with effective from 31st October 2014.
Foreign investors were net sellers after snapping seven days of inflow. Today net foreign net outflow was LKR 2mn. Foreign participation was 38%. Net foreign outflows were seen in Nestle Lanka (LKR 179mn), Sunshine Holdings (LKR 7mn), Aitken Spence Hotels Holdings (LKR 6mn) while net foreign inflow was mainly seen in John Keells Holdings (LKR 83mn).
Lanka Securities Research
