Sri Lanka Equity Analytics

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Jul 19, 2011

Week starts off with losses at Colombo

The Colombo Stock market was mostly driven by retail investors on Monday the 18 July. Activity was relatively dull while interest on penny stocks was witnessed again. Price depreciation of John Keells Holdings (JKH) weighed on indices mostly while both indices closed in red.

The All Share Price Index (ASPI) closed at 6,744.19 points, dipped 0.48% by 32.84 points and the more liquid Milanka Price Index (MPI) fell 0.98% by 61.81 points to close at 6,249.32, during the day. Total turnover was Rs.1.3 billion (down 35.98%) and there were no crossings or off-market private deals recorded during market hours. A volume of 62.11 million shares changed hands (fell 26.97%). Foreign purchases fell 69.34% to Rs.73.19 million and foreign sales dip 11.47% to Rs.75.74 million. Price to forward Earnings Ratio (PER) depreciated 0.43% to 23.2 times.

Diversified sector was the main contributor to the market turnover due to Expolanka Holdings (EXPO) and Softlogic Holdings (SHL), while the sector index decreased by 1.33%. Expolanka Holdings (EXPO) was the main contributor to the market turnover while the share price increased by Rs.0.50 (3.38%) and closed at Rs.15.30. Bank, Finance and Insurance sector also contributed significantly to the market turnover due to Swarnamahal Financial Services (SFS) and Central Finance (CFIN). The sector index increased 0.34%. Profit taking was witnessed in Swarnamahal Financial Services (SFS) after making rapid gains recently. Central Finance (CFIN) continued to attract investors while the share price increased by Rs.42.60 (3.03%) and closed at Rs.1,450.


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