The Bourse Weekly Performance (Week-ended 28th
March2013)
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22ndMarch 2013
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28th March 2013
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All Share Price Index
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5,768.88
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5,735.68
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S&P SL20 Index
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3,312.71
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3,293.57
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Total Turnover for the week
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3,525,687,168/-
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3,330,899,111/-
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Total Net Foreign Inflow/ (Outflow)
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679,095,495/-
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476,003,345/-
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Market Capitalisation
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2,217,810,067,456/-
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2,205,051,069,546/-
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Market PER
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15.6
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The holiday shortened
3-session week saw the bourse slipping from a one-month high on Monday despite
foreign inflows, snapping a seven-session gaining streak, as investors looked
for direction. The turnover on Thursday, 28th March reached LKR
2.03Bn when a significant volume of Commercial Bank & Sampath Bank shares
changed hands amongst the local investors. The losses for the week in the ASI and
S&P were 33.2 and 19.41 points respectively. The loss in market cap was LKR
12Bn equal to 0.58%.
Foreign participation saw a
net foreign inflow for the week even though they were net sellers on the last
trading day. So far this year foreigners have been net buyers with a year to
date net foreign inflow of LKR 4.9Bn. Undoubtedly, the highest contribution for
the weekly turnover came in from the Banking Finance & Insurance sector
with a total contribution of LKR 1.93Bn driven by popularity due to attractive
dividend announcements. The Diversified Holdings sector generated a turnover of
LKR 621Mn this week. In sector indices, the highest gain was reported in the
Land & Property sector while the largest loss came in from the Services
sector.
The macro-environment in the
country saw the interest rates marginally rising at the weekly Treasury bill
auction for the fourth consecutive week. The inflation for the month of March
dipped and the LKR stabilized against the US$. Though interest rates were seen
to be rising in the primary market, the secondary market rates decreased before
trading closed for Easter. So far the Colombo bourse has reported the following
year to date gains;
ASI – 1.64% S&P – 6.75% Market Capitalisation – 1.73%
