The Bourse Weekly Performance (Week-ended 13th
December 2013)
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Week-ended 6th December 2013
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Week-ended 13th December 2013
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All Share Price Index
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5,810.24
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5,795.66
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S&P SL20 Index
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3,183.09
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3,185.67
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Total Turnover for the week (Rs.)
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4,691,747,416/-
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1,600,299,229/-
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Total Net Foreign Inflow/ (Outflow) (Rs.)
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335,918,500/-
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231,414,379/-
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Market Capitalisation (Rs.)
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2,417,342,265,262/-
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2,411,231,812,453/-
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Market PER
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15.00
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Reuter’s reported that International
markets were depressed in the recent once again due to rising concerns on the
tapering of US Fed Stimulus. The report explained that “Global equities headed
for their biggest two-week drop since June and the dollar hit 5-year highs
against the yen on Friday amid concern the U.S. Federal Reserve could start
scaling back its stimulus as early as next week”. The MSCI world equity index is
said to have lost 2.5% in the past two weeks, which is the biggest fortnightly
loss since June. The Federal Reserve policy meetings are to be held next week.
Though the decision on the tapering is not expected to take place till January
2014, Investors believe it is likely to be a “close call”. Financial Times
Market Macromap indicated mixed sentiments in the international markets, with
most European shares still continuing in the green.
Sentiments at the Colombo
bourse remained lackluster with the main index losing significantly mid week,
prior to making reasonable gains over the latter part of the week. Stockbrokers indicated that these losses were
mainly due to the note worthy losses reported in some key blue chip counters
such as Nestle and Ceylon Tobacco. Foreign buying into United Motors Lanka Plc
(UML) during the week also resulted in the year-to-date net inflows reaching
the Rs. 23 billion mark level, which was last seen a month ago. However, with
seasonality setting in, turnover levels saw the lowest for 2013 as most
investors took to the side lines.
The ASI made an overall loss
of 14 points (-2.5%) while the S&P gained merely 2 points for the week. So
far this year the Colombo bourse records year to date gains of 2.71% and 3.25% in
the ASI & S&P indices respectively.
