The Bourse Weekly Performance (Week-ended 4th
January2013)
28th December 2012
|
4th January 2013
|
|
All Share Price Index
|
5,607.13
|
5,747.71
|
S&P SL20 Index
|
3,068.99
|
3,121.71
|
Total Turnover for the week
|
1,274,305,888/-
|
3,719,200,068/-
|
Total Net Foreign Inflow/ (Outflow)
|
742,014,977/-
|
401,813,761/-
|
Market Capitalisation
|
2,153,937,200,178/-
|
2,207,815,827,456/-
|
Market PER
|
15.79
|
16.2
|
The Colombo bourse ended
2012, on a better note when compared to the end of 2011. Loss levels were
brought down to justifiable levels & the overall loss levels as at the 31st
December 2012 was, 7.10% in the ASI & 2.09% in the Market Cap. This is a
reasonable comeback when compared to the early part of the year which saw loss
levels of over 20%. Overall, Analysts and Investors point out that it was a
good year due to foreign investments which saw a record making total net
foreign inflow of Rs.39.2 Billion for the year. The prospects of the New Year
are seen to be positive as per Analysts given the priority given to capital
market development in 2013 by the government. As per some Analysts “The removal
of the credit ceiling imposed on banks by monetary authorities,with effect from
January 2013 may result in a dip in the market interest rates on the back of
higher availability of savings for lending purposes”. Bearing witness of the said
statement the interest rates continued to slide at the weekly Treasury bill
auction while the Sri Lanka gilt yields continued to plunge on numerous
occasions in the secondary market during the week.So far the start of 2013 has
been commendable with the main indices continuously being in the green. Thanks
to a foreign-foreign deal on Commercial Bank shares and with the support of the
retail Investors the once subdued Colombo bourse gained remarkably during the
week and managed to generate over Rs.3.7 Billion in turnover.In sector
performances the highest contribution for the weekly turnover came in from the Banking
Finance & Insurance sector with Rs.2.2 Billion. The highest gain in the
sector indices this week was in the Construction & Engineering sector
(+5.14%) while the highest dip was reported in the Services sector (-2.3%).
Favourite counters this week were, Commercial Bank, CTC, Lion Breweries, JKH,
Colombo Dockyard, Asian Hotels and Properties and Aitken Spence Hotel Holdings,
etc. The ASI surpassed the 5700 threshold with a total gain of 140 points for
the week, of which 104 points was during the first three sessions of the New
Year. The total gain in the S&P was 52 points for the week. So far the
Colombo bourse maintains a year to date gain of1.86% in terms of the ASI and
the Market Cap. As the first week in 2013, ends on a positive note, Investors
& Analysts look forward to a fruitful year at the Colombo Bourse.
Exchange Rates(Week-ended 4th January2013)
The rupee was seen
fluctuating within a band of Rs 127.15 to Rs 128.00 during the week. The
USD/LKR rate was seen appreciating during the latter part of the week on the
back of a drop on forward dollar premiums and some foreign exchange relaxations
offered by Central bank at its Road Map for the year 2013. The total dollar/rupee
volume for the previous day (03-01-13) was US $ 37.15 million. Given below are
some forward dollar rates that prevailed in the market,
1 Month – 128.39,
3 Months-
130.04,
6 Months- 132.59
