Sri Lanka Equity Analytics

We are a team of professionals with many years of experience and expertise in the equity and capital market of Sri Lanka. Voice: +1 (206) 426 1561

Get The Latest News

Sign up to receive latest news

Jun 4, 2011

Speculation rules yet again at Colombo



The market kicked off on a high note on Tuesday the 31 May 2011, yet again to end in red, as retail speculators continued to dominate the market. Nation Lanka (CSF) continued its streak of being the largest contributor to the turnover, while Singer Sri Lanka (SINS) also continued to be on the incline.

The All Share Price Index (ASPI) closed at 7,418.07 points, dipped 0.67% by 50.34 points and the Milanka Price Index (MPI) fell 0.18% by 12.68 points to close at 6,853.61 points. Turnover was Rs.3.51 billion (rose 12.35%) with a volume of 101.2 million shares changing hands (down 28.64%). Foreign purchases rose 57.92% to Rs.238.34 million and foreign sales also appreciated 49.5% to Rs.472.76 million. However price to forward Earnings Ratio (PER) decreased 0.79% to 26.5 times.

Bank, Finance & Insurance sector was the main contributor to the market turnover due to Nation Lanka (CSF) and LB Finance (LFIN), while the sector index decreased by 0.87%. Trading sector also contributed significantly to the market turnover helped by Singer Sri Lanka (SINS). The index gained 4.64%. Nation Lanka Finance (CSF) gained Rs.2.50 (8.47%) to close at Rs.31.90 while Singer Sri Lanka (SINS) gained Rs.20.10 (15.3%), and closed at Rs.149.

Several Crossings were done including Lion Brewery (LION) 850,000 shares at Rs.230 via three crossings, Ceylon Tobacco Company (CTC) 469,500 shares at Rs. 375 via two crossings and LB Finance (LFIN) 110,000 shares at Rs.196.50 per share.

0 comments:

Post a Comment

Previous Market Reports