The Bourse Weekly Performance (Week-ended 27th
December 2013)
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Week-ended 20th December 2013
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Week-ended 27th December 2013
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All Share Price Index
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5,857.36
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5,876.66
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S&P SL20 Index
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3,228.17
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3,240.63
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Total Turnover for the week (Rs.)
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3,491,745,047/-
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1,962,115,721/-
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Total Net Foreign Inflow/ (Outflow) (Rs.)
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(871,978,771/-)
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251,080,175/-
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Market Capitalisation (Rs.)
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2,436,841,569,894/-
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2,444,870,917,079/-
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Market PER
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14.99
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This Christmas week saw
European stocks rising early on Friday as renewed appetite for risk fuelled a
year-end equity rally. Having fallen prey to this renewed appetite for risk
which lifted Wall Street to record highs and weighed on the low yielding
currency, the yen wallowed at five-year troughs against the dollar and euro. U.S.
stocks rose on Thursday, with the Dow and S&P 500 ending at record highs as
retail shares rallied following strong data about the holiday shopping season.
The Financial Times Global Macro Maps indicated that all international markets
have been in the green over the past 5 market days, except Chilean Stock
Exchange. Reuter’s reported “Most equity markets continued to gain ground, with
the FTSEurofirst 300. The German blue-chip index hit a record high and was on
track to post an annual gain of around 25 percent. In the US Market Retail
stocks stayed in the spotlight as the holiday shopping season drew to a close.
The Holiday blues continued
in the early part of the week at the Colombo bourse, before edging up on
Thursday, snapping three straight sessions of falls. However, the Turnover on
Thursday, slumped to a one-year low and share volume fell to its lowest in four
years as most investors stayed away from the market. Bouncing back from the
lowest turnover figures, the market generated a turnover of over Rs. 1.3
Billion on Friday. Reports suggest that “Analysts expect the market to rally
early in the New Year as the possibility of retail investors returning to risky
assets is increasing due to falling interest rates, with yields on treasury
bills dropping to their lowest since November 2011 at last week’s auction”.
With two more market days
for the year to end given below is a look at year to date figures at the
Colombo bourse;
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2013
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2012
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Year end ASPI
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5,876.66
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5,643.00
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Year to Date gain in ASPI
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4.14%
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-7.10%
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Year end S&P
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3,240.63
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3,085.33
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Year end Market
Capitalisation
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Rs. 2.444 Billion
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Rs. 2,167 Billion
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Net Foreign Inflow for the
year
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Rs. 22.5 Billion
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Rs. 39.2 Billion
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Year end PER
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15.27
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15.93
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