The Bourse Weekly Performance (Week-ended 26th April 2013)

The Bourse Weekly Performance (Week-ended 26^th April 2013)

	19th April 2013	26th April 2013
All Share Price Index	5,882.25	5,962.17
S&P SL20 Index	3,336.12	3,359.36
Total Turnover for the week	4,024,527,379/-	3,913,532,526/-
Total Net Foreign Inflow/ (Outflow)	1,332,418,273/-	780,940,190/-
Market Capitalisation	2,253,222,477,149/-	2,284,190,957,568/-
Market PER	15.89	16.10

The Poya shortened week saw less activity compared to the previous week even though retail buying saw increased interest and foreigners were keen buyers in the Banking Finance & Insurance sector shares. The ASI was in the green throughout except on Monday while the S&P continued in the green throughout the week. The final trading day for the week saw the ASI touching the 6000 mark before closing at 5962. The gain in the main market indices were 79.92 and 23.24 points in the ASI and S&P respectively.

Top blue-chip turnover generators this week were Commercial Bank, JKH, Lion Brewery and Ceylon Tobacco. Turnover was low compared to the previous week even though the net foreign inflow for the year surpassed Rs. 8.2Bn. In sector performances this week the highest contribution for the weekly turnover came in from the Banking Finance and Insurance sector with Rs. 1.14Bn. The highest gain was reported in the Health Care sector (+8.51%) while the only loss was in the Oil Palms sector (-0.49%).

The market has reached a near seven-month high helped by retail investor buying on hopes that interest rates will ease, while the rupee closed at its three-week low on dollar demand from importers. The Colombo bourse is currently enjoying a year to date gain of 5.66% and investors and analysts look forward for further gains.

The Bourse Weekly Performance (Week-ended 19th April 2013)

The Bourse Weekly Performance (Week-ended 19^th April 2013)

	12th April 2013	19th April 2013
All Share Price Index	5,839.88	5,882.25
S&P SL20 Index	3,333.54	3,336.12
Total Turnover for the week	2,335,474,761/-	4,024,527,379/-
Total Net Foreign Inflow/ (Outflow)	654,520,027/-	1,332,418,273/-
Market Capitalisation	2,237,280,440,814/-	2,253,222,477,149/-
Market PER	15.78	15.89

The New Year saw the bourse reaching 6-month high levels as foreigners were keen buyers in the Banking, Finance & Insurance (BFI) and Diversified Holdings sectors. Following the CBSL announcement to keep the monetary policy rates steady for the fourth month, and with expected implications of the monetary policy easing out, the bourse picked up in turnover and volume.

The total turnover for the week was 72% greater than the turnover reported the previous week, even though trading this week was limited to four market days due to the New Year holidays. The average daily turnover, this week was over Rs. 1Bn, way above the average daily turnover reported so far for this year of Rs. 966Mn. The week reported a net foreign inflow of Rs. 1.33Bn, bringing the total net foreign inflow for the year to Rs.7.80Bn.

Key counters that contributed for the weekly turnover included blue-chips such as JKH, CTC, NTB, NDB, HNB, Commercial Bank, etc. In sector statistics the highest contribution for the weekly turnover was reported in the BFI sector which amounted to Rs. 2.7Bn. All sector indices closed for the week in the green except the Power & Energy (-0.90%) and Telecommunications (-1.23%) sectors. The highest gain was reported in the Land & Property sectors which amounted to 6.12%.

As the bourse continues to rise amidst, increasing retail interest and foreign buying, the total gains reported this week in the ASI and S&P were 42.37 and 2.58 points respectively whilst the year to date gain was 4.24%.

The Bourse Weekly Performance (Week-ended 5th April 2013)

The Bourse Weekly Performance (Week-ended 5^th April 2013)

	28th March 2013	5th April 2013
All Share Price Index	5,735.68	5,765.94
S&P SL20 Index	3,293.57	3,312.53
Total Turnover for the week	3,330,899,111/-	4,626,867,471/-
Total Net Foreign Inflow/ (Outflow)	476,003,345/-	900,642,386/-
Market Capitalisation	2,205,051,069,546/-	2,211,566,543,895/-
Market PER	15.51	15.56

The daily activity levels of the Colombo bourse have stated to slow down with the approaching holiday season. However, the Market Capitalisation gained a total of Rs. 6.15Bn for the week. The average daily turnover reduced by 17% to Rs. 925Mn compared to the previous week. The Colombo bourse saw the its main indices gaining 30.26 & 18.96 points in the ASI and S&P index respectively possibly driven by a rising domestic currency against the US currency. Accordingly, the year to date gain in the ASI and the Market Cap as at the close of this week were 2.18% and 2.03% respectively.

The highest contribution for the weekly turnover came in from the investor favourite Banking Finance and Insurance (BFI) sector, which was Rs. 3.13Bn, a 67% contribution to this weeks total turnover. The top contributors in the BFI sector were Nations Trust Bank, Sampath Bank, Union Bank and National Development Bank. The market heavy weight JKH was also among this weeks top turnover generators. The best performance was reported in the Footwear & Textile sector with an 8% gain while the poorest performer Stores & Supplies sector made a loss of 1.08%.

Foreign participation saw a considerable increase this week, where the Net foreign inflow for the year increased to Rs. 5.81Bn. So far this year, the Colombo bourse, has been managing to maintain its performance in the green, even though the Market PER indicates a year to date loss of 2%. Next week being the final trading week before the Sri Lankan New Year Holidays, analysts expect the market to continue to trade range bound in the short term with the assumption of no exceptional events making news.