The Bourse Weekly Performance (Week-ended 15thMarch2013)
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8th March 2013
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15th March 2013
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All Share Price Index
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5,691.39
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5,704.53
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S&P SL20 Index
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3,222.74
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3,262.44
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Total Turnover for the week
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6,742,202,937/-
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3,014,259,098/-
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Total Net Foreign Inflow/ (Outflow)
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3,274,145,060/-
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1,027,091,077/-
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Market Capitalisation
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2,187,046,289,408/-
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2,192,532,439,040/-
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Market PER
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15.4
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15.4
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The Colombo bourse saw mixed
sentiments amidst improved buying activity in the blue-chips &marginal
increase in interest rates at the weekly Treasury bill auction for all
maturities. The ASI gained a mere 13 points this week even though the blue-chip
index S&P gained 39 points. The increase in market cap was limited to Rs. 5.48Bn
which was equivalent to an increase of 0.25% only.
Though the net foreign
inflow for this week was not as outstanding as the previous week, foreign
investors continued to be significant participants at the Colombo bourse. So
far this year foreigners have been net buyers with a year to date inflow of Rs.
3.7Bn. Foreigners made a significant contribution to the
Colombo bourse in 2012 where the net foreign inflow reached record levels of
Rs. 39.2Bn.
In sector statistics the
Information Technology sector reported a 12.77% loss. The best performer was
the HealthCare sector with a gain of 2.18%. The weekly turnover was 55% below
the previous week mainly because many investors took to the sidelines amidst
the developing UNHRC outcomes and the interest rate direction. Latest financial
developments on possible foreign inflows in future failed to give height to the
Colombo Bourse. The biggest contributors for the weekly turnover were the usual
Banking Finance & Insurance sector and the Diversified Holdings sector.
The Colombo bourse is at its
breakeven levels in terms of the year-to-date gains in both the ASI and the
Market Cap. Many blue-chips remain highly attractive at its current prices and
foreigners are seen to be capitalizing on this opportunity while local
investors continue to take the back-seat awaiting a proper market direction.
The current market P/E continues to be at 15.4.
