The Bourse Weekly Performance (Week-ended 3rd
January 2014)
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Week-ended 27th December 2013
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Week-ended 3rd January 2014
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All Share Price Index
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5,876.66
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5,973.80
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S&P SL20 Index
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3,240.63
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3,294.82
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Total Turnover for the week (Rs.)
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1,962,115,721/-
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2,374,254,696/-
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Total Net Foreign Inflow / (Outflow) (Rs.)
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251,080,175/-
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(2,765,564/-)
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Market Capitalisation (Rs.)
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2,444,870,917,079/-
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2,485,284,831,934/-
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Market PER
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15.27
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2013 was a disappointment
for equity investors at the Colombo bourse as the ASPI rose only 4.78%
year-to-date. The Index was seen to have underperformed against major developed
and emerging markets this year, even though it managed to close in the green
for the year, unlike in 2012. Despite the marginal increase in the index,
bluechip stocks in the food and beverages, healthcare and banking sectors, have
reported double digit gains during the year 2013 supported by foreign buying. Reports
indicated that “Notwithstanding eurozone debt tensions, most global equity
markets rose during the year with foreign funds flowing into both developed and
emerging market equities. Foreigners continued their buying spree with net
inflows of Rs. 22.8 Billion in 2013, indicating their confidence in Sri Lankan
equities”. However, the Bourse rose to a strong start for a fifth straight
session to an 11-week high on Thursday as investors bought banking shares. This
was after the Central Bank cut the reverse repo (now known as standing lending
facility) rate by 50 basis points to a multi-year low.
Though the start of 2014
seems promising for the Colombo bourse, U.S. stocks fell on their first day of
trading in 2014. Reports indicated that this was because investors booked
profits in the wake of the S&P 500's best yearly advance since 1997, with
many of last year's strongest performers down on the day. Reuter’s also reported
that “European shares were fighting to hold their ground on Friday after a
turbulent day for Asian markets that saw a sudden reversal in some very
popular, and thus crowded, trades. The result was a pullback in the euro,
sterling, and Asian stocks and a bounce for the yen, gold and bonds. Oil prices
also took a spill, though for largely separate reasons”. The S&P closed
2013 with a 29.6 percent gain for the year, its best annual performance since
1997. The Dow surged 26.5 percent in its best year since 1995. The Nasdaq
jumped 38.3 percent, its best year since 2009.
Given below is a look at
year to date figures at the Colombo bourse for 2012 and 2013;
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2013
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2012
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Year end ASPI
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5,912.78
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5,643.00
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Year to Date gain/ (loss) in
ASPI
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4.78%
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(7.10%)
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Year end S&P
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3,263.87
|
3,085.33
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Year end Market
Capitalisation
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Rs. 2,459 Billion
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Rs. 2,167 Billion
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Net Foreign Inflow for the
year
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Rs. 22.8 Billion
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Rs. 39.2 Billion
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Year end PER
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15.92
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15.93
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