The Bourse Weekly Performance (Week-ended 11th
January2013)
4thJanuary 2013
|
11th January 2013
|
|
All Share Price Index
|
5,747.71
|
5,746.49
|
S&P SL20 Index
|
3,121.71
|
3,133.87
|
Total Turnover for the week
|
3,719,200,068/-
|
3,795,582,364/-
|
Total Net Foreign Inflow/ (Outflow)
|
401,813,761/-
|
(115,850,885/-)
|
Market Capitalisation
|
2,207,815,827,456/-
|
2,207,359,696,896.00
|
Market PER
|
16.2
|
16.3
|
Profit taking saw the
Colombo bourse in the red on most part of the week and the ASI closed for the
week almost unchanged from the previous weeks’ close. The S&P however
managed to close marginally in the green. Analysts pointed out that ‘private
deals on blue chips helped boost turnover during the week even though retail
participation was seen to be muted’. Though the weekly turnover is marginally
higher than the week before, the average daily turnover for the week is lower
than the previous week as well as the average daily turnover for the year so
far.
Foreign participation was
rather poor this week and foreigners were seen to be net sellers. Though 2012
saw an extremely high level of foreign participation, the same cannot be said
regarding the first few days in 2013. The most notable trades this week were high-value
off the market trades in Asiri Central Hospitals Plc and Commercial Bank of
Ceylon Plc on the 8th and a large crossing of approximately 1.8
million shares of Hatton National Bank on the 10th. Apart from these,
other counters that were favourites this week were JKH, LOLC, NDB,
Distilleries, Lion Brewery, Ceylon Cold Stores, Chevron Lubricants, etc. Once
again the Banking, Finance & Insurance sector was the highest contributor
to the weekly Turnover with a turnover of over Rs.1.2 Billion. In sector
indices best performance was reported in the Footwear & Textiles sector
while the poorest was the Trading sector.
Though in both 2011 and
2012, the Colombo bourse had not generated returns to investors on a
year-to-date basis Analysts are certain that if investors follow a clear
investment strategy taking the risk element in to account and investing in
fundamentally strong shares, the equity market would be a promising investment
option. They also point out that in 2012, the strongest gains were reported in
the Food & Beverages, Banking & Finance and Diversified sectors which
was due to strong national consumption. The trend in domestic consumption is
seen to be continuing and sectors such as the above along with Construction
& Hospitality may enjoy sustainable growth in the coming year. So far, the
ASI &the Market Capitalisation report a year-to-date profits of approximately
1.8%.
Exchange Rates(Week-ended 11th January2013)
The rupee gained to a weekly
high of Rs.125.90 on foreign purchases in to rupee bonds and a decline in
forward dollar premiums. However buying interest at these levels saw the dollar
gain marginally to close the week at levels of Rs. 126.15/25. The total dollar/rupee
volume for the previous day (10-01-13) was US $ 56.54 million. Given below are
some forward dollar rates that prevailed in the market,
1 Month – 127.15
3 Months- 128.73
6 Months-
131.05
