The Bourse Weekly Performance (Week-ended 31stJanuary
2014)
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Week-ended 24th January 2014
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Week-ended 31st January 2014
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All Share Price Index
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6,255.63
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6,248.08
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S&P SL20 Index
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3,478.09
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3,443.25
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Total Turnover for the week (LKR)
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5,812,624,350
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5,338,112,846
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Total Net Foreign Inflow/ (Outflow) (LKR)
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187,691,236
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208,060,607
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Market Capitalization
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2,602,580,611,621
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2,608,268,652,140
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Market PER
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16.84
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16.88
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Market PBV
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2.07
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2.07
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Following
the announcement by the US Federal Reserve in curbing its monthly bond buying
program by a further USD 10 Bn for a second straight month of tapering, Asian
stocks plunged notwithstanding the Colombo Bourse as well, to close the week marginally down against last week. The
unforeseen interest rate hikes in India, Argentina and Turkey added to the
sluggish sentiment in regional markets who are concerned about the weakening of
their respective economies which in turn led to volatility in markets.
Furthermore
the uncertainties and anxieties that persisted in the local bourse with regard
to the mergers and acquisition of Non –Banking Financial Institutions, saw
their respective stocks prices fluctuate during the week as retail investors
adopted a cautious approach against their bullish sentiment the previous week.
The entrance of Amana IPO stocks to the local bourse gave a negative return to
the investors as it dipped to Rs. 5.80(-17.14%) on its very first day of
trading against its issue price of Rs.7.00.
The benchmark All Share Price Index (ASPI) and the
S&P SL 20 indexlost7.55 points and 34.84 points throughout the week to
close at 6,248.08 points and3,443.25 respectively.A total of 370.3Mn shares
changed hands to record a turnover of LKR 5.3Bn for the week reflecting a drop
of 8% in comparison to its previous weeks figure.Out of this, 31.68% had been contributedvia
crossings which took place on JKH, JINS, EXPO, COMB, AHUN, CTC, HNB, HNB.X,
NDB, SPEN, LLUB,CINS, NEST and
BRWN.
The list of price gainers were led by CFL.N (+32.08%),
SFL.N (+27.85%), PARQ.N (+20.00%), ASIR.N (+18.29%) and COCR.N (+18.12%) while
the list of price losers were led by GREG.W3 (-25.00%), MORI.N(-22.03%),
CLPL.W13(-16.67%), PDL.N(-11.14%) and INDO.N(-10.63%).
Total foreign purchasing of LKR 1.45Bn, out spaced
the total foreign selling of LKR 1.25Bn recording a net foreign inflow of LKR 208.06Mn.The
market PER and PBV stood at 16.88x and 2.07x respectively by end of the week.
