Friday, June 21, 2013

The Bourse Weekly Performance (Week-ended 21st June 2013)



The Bourse Weekly Performance (Week-ended 21st June 2013)
Week-ended 14th June 2013
Week-ended 21st June 2013
All Share Price Index
6,219.39
6,155.27
S&P SL20 Index
3,504.35
3,466.57
Total Turnover for the week (Rs.)
3,199,970,684/-
4,986,529,301/-
Total Net Foreign Inflow/ (Outflow) (Rs.)
428,985,779/-
171,867,177/-
Market Capitalisation (Rs.)
2,388,511,534,018/-
2,363,898,447,478/-
Market PER
16.89
16.71

The week saw the Colombo bourse witnessing further dips with very poor turnover levels. The only major contributor for the weekly turnover was Thursday, 20th June when two crossings were recorded from JKH where a total of 10mn shares changed hands between foreign parties at a price of LKR 265/- per share. All other market days saw the daily turnover significantly below the average daily turnover reported so far for 2013 of Rs. 1.02Bn. Apart from John Keells Holdings several crossings were also recorded from counters such as Commercial Bank, Carsons and Distilleries on the said date.
Many global markets and Asian peers witnessed a trend of foreign capital outflows in the wake of rise in the US Treasury yields and many of the emerging markets saw some of the biggest selling as investors rushed to the exits on Thursday. Similarly, the LKR was seen to be falling probably due to foreign investors booking forwards to hedge their outflows.
Diversified holdings sector reported the highest turnover for the week contributing 62.24% to the weekly turnover followed by Banking Finance and Insurance sector which contributed 21.56%. The only sectors to report gains for the week were Food Beverage and Tobacco (1.18%) and Oil Palms (3.09%) sectors. The biggest loser this week was the Information Technology sector losing 11.62% in index points.
The overall performance for this week reported a total loss of 1.03% of market Capitalisation equivalent to Rs. 24.61Bn. The ASI and S&P indices both lost a total of 64 and 37 points respectively. The year to date gains at the Colombo bourse has narrowed to 9% with a trailing PER of 16.71X.
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