The Bourse Weekly Performance (Week-ended 22ndFebruary2013)
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15th February 2013
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22ndFebruary 2013
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All Share Price Index
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5,830.26
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5,735.61
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S&P SL20 Index
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3,274.25
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3,223.28
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Total Turnover for the week
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3,074,111,871/-
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3,937,713,361/-
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Total Net Foreign Inflow/ (Outflow)
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148,266,122/-
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511,534,667/-
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Market Capitalisation
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2,239,774,054,377/-
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2,203,535,258,375/-
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Market PER
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16.5
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15.5
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Rising pressure from the
international community on the West-backed human rights proceedings against Sri
Lanka coupled with profit taking resulted in the Colombo Bourse being in
bearish for four straight sessions this week. Although the bourse faced the
same situation during 2012, further proceedings on Human Rights related issue
seems to have hit the bourse with drastic effects. Meanwhile, Q3 for 2012/13 is
seen to have mixed results although companies in specific industries which are
positioned to outperform others have posted improved results.
The centre of attention this
week was JKH, which reached its 52-week high levels mid-week. Meanwhile, many
Blue chips contributed to the weekly turnover and the market was seen to be
concentrating on the fundamentals. Among the most traded blue-chips this week
were, JKH, HNB, NTB, Commercial Bank, Sampath Bank, CTC, Distilleries, Colombo
Dockyard, etc.Contributing to the increase in foreign inflow to the bourse large
deals on banking counters such as Hatton National Bank and Commercial Bank
helped to boost turnover on the 19th Feb, another day dominated by
blue-chips. Average Daily turnover for the week was slightly up from the
previous week, even though it was well below the daily average reported so far
for 2013. This week too foreigners were seen to be net buyers and the Net foreign
inflow for the week was 245% higher than the previous week.
In sector statistics the
highest contribution for the weekly turnover came in from the Banking Finance
& Insurance sector followed by Diversified Holdings sector. The highest
gain was reported in the Footwear & Textiles sector index (+0.36%) while
the losses in the Information Technology sector index (-5.76%) surpassed all.
This week the Colombo bourse witnessed a drastic drop in its year-to-date
profits reported so far. The total losses in the market indices were 94 points and
50 points in terms of the ASI and the S&P while the market capitalisation
lost Rs. 363.2Billion. As of the 22nd Feb 2013, the year-to-date gain
at the Colombo Bourse was 1.6% approximately.
