Sri Lanka Equity Analytics

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Aug 31, 2010

Sri Lanka Stock Market Update - 30th August 2010

Sri Lanka stocks closed 0.6 percent lower Monday amid retain and high net worth investor profit taking, brokers said.

The benchmark Colombo All Share Index closed 33.3 points lower at points at 5,600.77 and the Milanka Index of liquid stocks fell 35.24 at 5,861.87 points.

Aitken Spence Hotel fell 7.20 rupees to 577.30, Aitken Spence fell 44.20 rupees to 2,544.30, Ceylinco Insurance fell 24.90 to 300.10 rupees, Hatton National Bank fell 4.00 rupees to 190.00 and Hayleys fell 30 cents to close at 328.00.

Central Finance rose 58.30 to 642.10 rupees, Ceylon Brewery closed up 4.90 at 319.0 rupees, Ceylon Tobacco rose 5.00 rupees to 340.0 rupees, and United Motors was up 21.50 to 237.20 rupees.

Courtesy - LBO
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Aug 19, 2010

Sri Lanka Stock Market Update - 19th August 2010

Sri Lankan stocks broke new ground yet again this week and passed 5,500 points, Thursday, from gains across the board on low volume trading, brokers said. The All Share Price Index closed at 5,568.50, was up 2.71 percent (146.75 points) Thursday, while the Milanka index of more liquid stocks rose 0.66 percent (38.64 points) to close at 5,876.40, according to stock exchange provisional figures.

Turnover was 2.8 billion rupees.

Certain 'speculative' shares that were under watch by the regulator for price manipulation continued to gain, brokers said.

Environmental Resources Investments (ERI) normal shares closed at 108.20 rupees, up 5.30 (5.15 percent), while its Warrants 0001 closed at 90.00 rupees, up 7.70 (9.36 percent), and W0002 closed at 58.60 rupees, up 5.30 (9.94 percent).

ERI's W0003 closed at 54.70 rupees, up 4.90 (9.84 percent) and W0006 closed at 54.40 rupees, up 4.40 (9.90 percent), according to stock exchange provisional figures.

Ceylon Leather Company, a unit of ERI closed at 258.00 rupees, up 13.50 (5.52 percent), while Dankotuwa Porcelain closed at 63.20 rupees, up 5.70 (9.91 percent).

There was high speculative interest on penny stocks, brokers said.

SMB Leasing closed at 1.90 rupees, up 10 (5.56 percent), while its non-voting shares close at 1.70 rupees, up 10 cents (6.25 percent).

Hotel Reefcomber closed at 4.50 rupees, up 30 cents (7.14 percent).

Blue Diamonds Jewellery Worldwide closed at 5.30 rupees, up 40 cents (8.16 percent), while its non-voting shares closed at 2.80 rupees, up 20 cents (7.69 percent), according to stock exchange provisional figures.

The Lion Brewery, Sri Lanka's largest beer producer closed at 158.00 rupees, up 50 cents (0.32 percent) with almost 1.32 million shares traded, brokers said.

Aitken Spence closed at 2,462.30 rupees, up 223.80 (10 percent) on 300 shares traded, and Hayleys closed at 324.00 rupees, down 70 cents (0.22 percent) on 800 shares changing hands.

Hemas Holdings closed at 40.00 rupees, up 30 cents (0.76 percent) and John Keells Holdings, an index heavy stock closed at 258.00 rupees, 1.00 (0.39 percent), according to stock exchange provisional figures.

Courtesy - LBO
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Aug 18, 2010

Sri Lanka Stock Market Update - 18th August 2010

Sri Lankan stocks rallied for the third straight day, Tuesday, from renewed buying interest on midcap stocks despite low trading volumes, while retail interest on volatile 'penny' stocks continued, brokers said. The All Share Price Index closed at 5,305.80, was up 2.21 percent (114.50 points) while the Milanka index of more liquid stocks rose 0.26 percent (15.09 points) to close at 5,796.49, according to stock exchange provisional figures.

Turnover was 1.46 billion rupees.

Midcap stocks appreciated in price despite low trading volumes, brokers said.

Abans Electricals closed at 160.40 rupees, up 14.50 (9.94 percent), Alliance Finance closed at 489.00 rupees, up 44.40 (9.99 percent) with 1,900 shares traded and Cargo Boat Development Company closed at 113.60 rupees, up 3.60 (3.27 percent).

Ceylon Tea Services closed at 660.00 rupees, up 55.00 (9.09 percent) on 500 shares traded, Colombo Pharmacy closed at 440.00 rupees, 40.00 (10 percent), and Singer Industries closed at 122.40 rupees, up 10.40 (9.29 percent), brokers said.

Environmental Resources Investments (ERI) shares bounced back after a steep fall, brokers said.

ERI normal shares closed at 98.90 rupees, up 7.40 (8.09 percent), while its Warrants 0001 closed at 75.30 rupees, up 6.80 (9.93 percent), and W0002 closed at 48.50 rupees, up 4.40 (9.98 percent).

ERI's W0003 closed at 45.30 rupees, up 4.10 (9.95 percent), and W0006 closed at 45.00 rupees, up 4.00 (9.76 percent), brokers said.

Monday's retail buying interest on penny stocks continued, brokers said.

Blue Diamonds Jewellery Worldwide close flat at 4.50 rupees, while its non-voting shares closed at 2.40 rupees, down 10 cents (4.0 percent).

Piramal Glass Ceylon close flat at 3.30 rupees with 5.6 million shares traded.

SMB Leasing close at 1.70 rupees, up 10 cents (6.25 percent) with 5.6 million shares changing hands, while its non-voting shares closed at 1.50 rupees, up 10 cents (7.14 percent) with 2.85 million shares traded, brokers said.

Touchwood Investment, a forestry company closed at 34.80 rupees, up 2.40 (7.41 percent) on 2.18 million shares traded, brokers said.

Courtesy - LBO
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Aug 12, 2010

Sri Lanka Stock Market Update - 11th August 2010

Sri Lankan stocks closed down Wednesday, as investors opted to take defensive positions on speculative shares despite Tuesday's rally, while Environmental Resources Investments (ERI) group shares lost ground, brokers said. The All Share Price Index closed at 5,078.64, down 0.28 percent (14.30 points) Wednesday, while the Milanka index of more liquid stocks fell 0.75 percent (43.79 points) to close at 5,763.05, according to stock exchange provisional figures.

Turnover was 2.45 billion rupees.

Some of the speculative stocks that rallied Tuesday lost ground, brokers said.

ERI normal shares had lost nearly 30 percent from Thursday, but made a 10 percent gain on Tuesday.

ERI closed at 95.50 rupees, down 7.30 (7.10 percent) with 1.41 million shares traded Wednesday, while its Warrants 0001 closed at 77.50 rupees, down 8.10 (9.46 percent), and W0002 closed at 51.70 rupees, down 5.70 (9.93 percent).

ERI's W0003 closed at 49.30 rupees, down 5.20 (9.54 percent), and W0006 closed at 49.40 rupees, down 5.40 (9.85 percent).

Dankotuwa Porcelain closed at 73.20 rupees, down 8.10 (9.96 percent), while Ceylon Leather products, a unit of ERI closed at 197.70 rupees, down 21.40 (9.77 percent).

Touchwood Investments, a forestry company closed at 32.60 rupees, down 40 cents (1.21 percent) with 4.56 million shares traded, brokers said.

Aitken Spence closed at 1,800.00 rupees, down 50.00 (2.7 percent), Hayleys closed at 305.00 rupees, down 5.00 (1.61 percent), Hemas Holdings closed at 40.20 rupees, down 10 cents with 1.1 million shares traded and John Keells Holdings closed at 256.00 rupees, down 1.90 (0.74 percent).

Courtesy - LBO
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Aug 10, 2010

Sri Lanka Stock Market Update - 9th August 2010

Sri Lankan stocks continued to slide and fell below the 5,000 points mark Monday, on panic selling by retail investors unable to meet margin-calls, while heavy interest on Commercial Bank boosted turnover past a billion rupees, brokers said. The All Share Price Index closed at 4,862.86, down 202.21 points, while the Milanka index of more liquid stocks dived 3.65 percent (210.30 points) to close at 5,549.15, according to stock exchange provisional figures.

Turnover was 1.3 billion rupees, according to provisional statistics on the Colombo Stock Exchange (CSE) website.

Environmental Resources Investments (ERI) and its subsidiaries were amongst the worst hit shares after the price band came into play last week. ERI shares and warrants lost about 10 percent of value on Thursday and went down a further 9.77 percent on Friday, brokers said.

ERI normal shares closed at 93.50 rupees, down 10.30 (9.92 percent), while its Warrants 0001 closed at 78.30 rupees, down 8.70 (10 percent) and W0002 closed at 52.20 rupees, down 5.80 (10 percent).

ERI's W0003 closed at 49.60 rupees, down 5.50 (9.98 percent) and W0006 closed at 49.90 rupees, down 5.50 (9.93 percent), brokers said.

Dankotuwa Porcelain closed at 90.30 rupees, down 10.00 (9.97 percent), while Ceylon Leather Products closed at 199.20 rupees, down 22.10 (9.99 percent).

Blue Diamonds Jewellery Worldwide, a former unit of Ceylinco group closed at 7.30 rupees, down 80 cents (9.98 percent), while its non-voting shares closed at 3.70 rupees, down 40 cents (9.76 percent), brokers said.

Most high value blue chip stocks held their value despite the market volatility, brokers said.
Aitken Spence closed at 1,803.00 rupees, down 72.00 (3.84 percent), Hayleys closed at 296.80 rupees, down 5.30 (1.75 percent), Hemas Holdings closed at 37.30 rupees, down 1.70 (4.36 percent) and John Keells Holdings, an index heavy stock closed at 251.60 rupees, down 5.70 (2.22 percent), brokers said.

Despite heavy interest, banking sector shares have taken a beating, brokers said.

Commercial Bank closed at 182.80 rupees, down 7.20 (3.79 percent) with 1.65 million shares traded, brokers said. Hatton National Bank closed at 284.00 rupees, down 4.10 (1.42 percent), and Nations Trust Bank closed at 59.00 rupees, down 3.60 (5.75).

Sampath Bank closed at 351.50 rupees, down 11.50 (3.17 percent), and Seylan Bank close at 69.00 rupees, down 5.30 (7.13 percent), brokers said.

Courtesy - LBO
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Aug 8, 2010

Sri Lanka Stock Market Update - 6th August 2010

Sri Lankan stocks continued to slide Friday, as retail investors on borrowed funds continued selling to minimize losses, while a large private deal on Commercial Bank boosted turnover, brokers said. The All Share Price Index closed at 5,065.07, down 72.31 points, while the Milanka index of more liquid stocks slid 1.36 percent (79.68 points) to close at 5,759.45, according to stock exchange provisional figures.

Turnover was 2.53 billion rupees, according to provisional statistics on the Colombo Stock Exchange (CSE) website.

Most high value blue chip stocks held their value despite the market volatility, brokers said.

The implementation of a 10 percent upward and downward price band by the regulator pushed the market down, brokers said.

The move followed unusual price swings and heavy trading in certain stocks, whose trading was temporarily suspended by the markets regulator earlier this week.

The price band will be applied on the previous day's closing price, but excludes the first trading day on any security, stakes offered on all or nothing basis, crossings, debentures and securities where the previous closing price is below one rupee.

Environmental Resources Investments (ERI) and its subsidiaries were amongst the worst hit shares after the price band came into play. ERI shares and warrants lost about 10 percent of value on Thursday, brokers said.

ERI normal shares closed at 103.80 rupees, down 11.50 (9.97 percent) with 1.16 million shares changing hands, while its Warrants 0001 closed at 87.00 rupees, down 9.60 (9.94 percent) and W0002 closed at 58.00 rupees, down 6.40 (9.94 percent).
ERI's W0003 closed at 55.10 rupees, down 6.10 (9.97 percent) and W0006 closed at 55.40 rupees, down 6.10 (9.92 percent), brokers said.

Dankotuwa Porcelain closed at 100.30 rupees, down 11.10 (9.96 percent), while Ceylon Leather Products closed at 221.30 rupees, down 17.70 (7.41 percent).

Blue Diamonds Jewellery Worldwide, a former unit of Ceylinco group closed at 8.10 rupees, down 90 cents (10 percent), while its non-voting shares closed at 4.10 rupees, down 40 cents (8.89 percent), brokers said.

Aitken Spence closed at 1,875.00 rupees, down 36.40, Hayleys closed at 302.10 rupees, down 7.60, Hemas Holdings closed at 39.00 rupees, down 1.00 and John Keells Holdings, an index heavy stock closed at 257.30 rupees, down 50 cents.

In a privately negotiated off-the-floor deal 5.5 million shares of Commercial Bank changed hands at 190.00 rupees per share. It closed at 190.00 rupees, down 3.00, with a total of 7.26 million shares traded, brokers said.

Courtesy - LBO


Hatton National Bank closed at 288.10 rupees, down 5.90, Nations Trust Bank closed at 62.60 rupees, down 1.50, Sampath Bank closed at 363.00 rupees, down 3.70 and Seylan Bank closed at 74.30 rupees, down 3.50.
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