Colombo Stock Market Review - Colombo Stock Exchange
Posted by Unknown on Saturday, May 3, 2014 |
Colombo stock market closed its weekly operations with notable gains in both indices. Main share index gained 24.77 index points or 0.40% to close at 6,248.44 and S&P SL 20 index gained 17.62 index points to close at 3,435.81. Price appreciations in stocks such as Carson Cumberbatch (closed at LKR 405.00, +8.0%), Ceylon Tobacco Company (closed at LKR 1,110.00, +1.0) and Vallibel One (closed at LKR 20.00, +4.7%) contributed favorably to the index performance.
Daily market turnover was LKR 1.3bn. Expolanka topped the turnover list with LKR 217mn followed by Royal Ceramic (LKR 151mn) with a single crossing of 0.2mn shares at LKR 104.90 and Aitken Spence (LKR 116mn). Additional crossing were recorded in Watawala Plantations with 4.5mn shares at LKR 11.50.
Moreover, George Steuart Finance, Expolanka and Softlogic Holdings attracted heavy investor interest during the day.
Gainers outweighed the losers 149 to 70, while 63 equities remained unchanged. Cash map improved to 66% from 54%. 12 counters reached 52wk high price levels and 2 counters touched 52wk low prices.
Foreign participation was 17% of the market activity, where foreign investors were net sellers with a net foreign outflow of LKR 217mn. Net foreign outflows were mainly seen in counters such as Aitken Spence (LKR 115mn), Chevron Lubricants (LKR 67mn), Watawala Plantations (LKR 54mn) while inflow was mainly seen in Commercial Bank (LKR 20mn).
