The Bourse Weekly Performance (Week-ended 8th
August 2013)
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Week-ended 2nd August 2013
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Week-ended 8th August 2013
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All Share Price Index
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6,155.82
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6,151.92
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S&P SL20 Index
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3,490.57
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3,470.16
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Total Turnover for the week (Rs.)
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4,005,800,509/-
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1,830,598,700/-
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Total Net Foreign Inflow/ (Outflow) (Rs.)
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(970,643,041/-)
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362,432,830/-
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Market Capitalisation (Rs.)
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2,368,995,327,315/-
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2,367,495,396,561/-
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Market PER
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16.29
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The overall weekly
performance at the Colombo bourse showed mixsed sentiments during the week
while concerns over a weakening rupee and high lending rates continued to worry
investors, and the activity levels in the market remained low. The performance
of the main market index ASI was moving in the red and the green, before
closing for the week almost unchanged from previous week. The total loss in the
ASI and S&P for the week was 3.9 and 20.4 points respectively while the ASI
is at its one-week high value.
Turnover levels remained low
compared to the previous week while the average daily turnover for the week was
Rs. 457.6 Million. The previous week recorded an average daily turnover of Rs.
801.1 Million while the average daily turnover for 2013 thus far is Rs. 924.2
Million. Unlike other-weeks, turnover was not dominated by a single sector and
the highest contribution of 23.2% for the weekly turnover came from the
Manufacturing sector. Beverage Food and Tobacco, Banking Finance and Insurance
and Diversified Holding sectors all contributed 19.4%, 19.1% and 16.2%
respectively. The key blue-chips that
contributed for the weekly turnover were Chevron, JKH, Distilleries, Access
Engineering and Nestle. In sector statistics the highest gain was recorded in
the Beverage Food and Tobacco sector (+3.08%), while the highest loss was
recorded in the Information Technology sector (-3.07%). Foreigners were
recorded as net buyers this week, and the counters that were identified as the
top net inflow counters were; Nestle, Distilleries, JKH, Commercial Bank, DFCC,
HNB, Carsons, etc. The net foreign inflow for 2013 is Rs. 16.3 Billion.
The Colombo bourse currently
records and year to date gain of 9.22%, much greater than the year to date
gains currently reported in ‘MSCI emerging markets’ (-11.12%). While the market
P/E is also higher than its peers such as ‘MSCI emerging markets’ as well as ‘MSCI
frontier markets’. The current trailing P/E of the Colombo bourse is 16.28X.
