Friday, February 7, 2014

The Bourse Weekly Performance (Week-ended 07th of February 2014)



The Bourse Weekly Performance (Week-ended 07th of February 2014)



Week-ended 31stJanuary 2014
Week-ended 07thFeb 2014
All Share Price Index
6,248.08
6,141.72
S&P SL20 Index
3,443.25
3,369.30
Total Turnover for the week (LKR)
5,338,112,846
7,342,453,384
Total Net Foreign Inflow/ (Outflow) (LKR)
208,060,607
(3,070,642,521)
Market Capitalization
2,608,268,652,140
2,563,867,702,567
Market PER
16.88
16.27
Market PBV
2.07
2.82

The week commenced on a depressed note with the bourse exhibiting sluggish activity across the boards as more selling interest was witnessed throughout the week. The Bench Mark All share price index traversed in declining phase throughout the week losing 106.36 points (-1.70%) and closed at 6,141.72 points against its previous week close of 6,248.08 points. Meanwhile the S&P SL 20 index lost 73.95 points (-2.15%) to close the week at 3,369.30 against its previous week closures of 3,443.25 points. Though the 4 market day week recorded an extra ordinary daily average turnover of LKR 1.8Bn which is an increase of 71.93% against its previous weeks daily average turnover of 1.06Bn, it was noted that this occurred due to heavy foreign selling that took place as the year to date foreign inflow reversed to a negative of Rs 1.72 Bn. The year 2013 recorded a net foreign inflow of LKR 22.89 Bn.
The total turnover for the short week was LKR 7.34Bn held by 16 crossings, seen a rise of 37.55% compared to the previous week’s turnover. Off board interest were seen on JKH, DFCC, EXPO, DIST, COMB, DIAL, VONE, and SAMP totalling up to LKR 4.09Bn, which is a heavy influence of 55.74% to the week’s turnover. The list of price gainers were led by SFL.N (+17.95%), MORI.N (+17.35%), BLI.N (+16.33%), AFSL.N (+13.12%) and INDO.N (+11.90%) while the list of price losers were led by MIRA.N (-21.90%), SLND.N (-21.42%), CLPL.W14 (-20.00%), GSF.N (-16.53%) and CHMX.N (-15.21%).
Total foreignsellingfor the week of LKR 4.40Bn, out spaced the total foreign buying of LKR 1.33Bn recording a net foreign outflow of LKR 3.07Bn during the week.The market PER and PBV stood at 16.27x and 2.82x respectively by end of the week.