The Bourse Weekly Performance (Week-ended 8thFebruary2013)
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1st February 2013
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8thFebruary 2013
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All Share Price Index
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5,799.69
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5,850.67
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S&P SL20 Index
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3,196.81
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3,271.25
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Total Turnover for the week
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9,164,244,919/-
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5,103,480,054/-
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Total Net Foreign Inflow/ (Outflow)
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(420,170,951/-)
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(234,054,143/-)
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Market Capitalisation
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2,227,911,758,736/-
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2,247,589,101,568/-
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Market PER
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16.41
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16.6
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The latter part of this week
saw the Colombo bourse bounce back amidst strong participation across-the-board.
Activity levels focused primarily on banking and diversified sectors,even
though the main index was facing drops amidst retail profit taking during the last
few sessions.Substantial foreign investments increased the net foreign inflow
for the week.
The main market index gained
a total of 50 points this week while the S&P index gained 74 points.
However, the turnover levels failed to reach the levels marked the week before
and the Average Daily turnover this week was Rs.1.2 Bn, i.e. 30% below the previous
week. Amidst the counters that marked the highest contribution to the
performance of the bourse were counters such as HNB, Commercial Bank, Sampath
Bank & JKH which saw significant foreign interest. The best performing
sector this week in terms of its sector index was the Telecommunications sector
while the poorest performance was marked in the Stores and Supplies sector.
Amidst decreasing interest
rates and stable domestic currency, Analysts believe that many investors are on
the sidelines ahead of the Central Bank’s key monetary policy announcement for
February. As per the experts, given the drop in interest rates the equity
market is much attractive to investors over fixed income securities, especially
at its current prices and with expectation of future foreign investments.
So far this year the Colombo
bourse has been reporting year-to-date gains in both ASI & Market Cap. As
at 8th Feb 2013, this was 3.6% approximately.
Exchange Rates(Week-ended 8thFebruary 2013)
The USD/LKR rate gained
marginally during the week to close the week at levels of Rs 126.28 against its
previous week’s closing of Rs 126.40, mainly due to exporters converting on
forward dollar contracts. The green back was seen appreciating to weekly high
of Rs.125.90 on the 07th of February. The total dollar/rupee volume for the
previous day (07-02-13) was US $ 49.45 million. Given below are some forward
dollar rates that prevailed in the market,
1 Month – 127.05
3 Months- 128.93
6 Months- 131.73
