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.