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