The Bourse Weekly Performance (Week-ended 22ndMarch2013)
15th March 2013
|
22ndMarch 2013
|
|
All Share Price Index
|
5,704.53
|
5,768.88
|
S&P SL20 Index
|
3,262.44
|
3,312.71
|
Total Turnover for the week
|
3,014,259,098/-
|
3,525,687,168/-
|
Total Net Foreign Inflow/ (Outflow)
|
1,027,091,077/-
|
679,095,495/-
|
Market Capitalisation
|
2,192,532,439,040/-
|
2,217,810,067,456/-
|
Market PER
|
15.4
|
The Colombo bourse saw an
uphill climb this week amidst foreign interest. The main market index gained
for seven straight sessions and reached its one month high figures. The
controversial UNHRC issue failed to bother foreign investors as they contributed
significantly to the islands bourse regardless of the final outcome from the
vote on the draft resolution. However, local investors stayed on the sidelines
as yields in T-bills rosemarginally for three consecutive weeks. During the
week The Department of Census and Statistics put Gross Domestic Product (GDP)
growth in 2012 at 6.4%, however this is lower than the growth expected for this
period and the growth in 2011 of 8.4%.The economy in the fourth quarter has
grown by 6.3% over the same period of the previous year, picking up from a
three-year low of 4.8% in the third quarter of 2012.
This week, investors
continued to support the Banking Finance Insurance and Diversified Holdings
sectors as counters such as JKH, Commercial Bank, Sampath Bank, NDB and Seylan
Bank made it to the top turnover generators. The gains in sector indices
indicated that the highest came from the Services sector (+4.51%) while the
poorest performer was the Information Technology sector as the sector index
lost 1.63%. The weekly turnover was marginally higher than the previous week and
the largest contribution came in on Friday. The average daily turnover this
week was Rs. 705Mn,30% below this year’s average daily turnover reported so
far. Foreigners were net buyers through-out this week and the net foreign
inflow for the year now stands at Rs. 4.44Bn.
The market capitalization
gained a total of Rs. 50.2Bn while the ASI and the S&P indices gained 64
and 50 points respectively. So far this year the bourse has been generating
marginal year to date gains in terms of the main index and market cap. Although
the gains slid down last month this week’s performance has put the bourse back
in the green. So far this year, the Colombo bourse has made a year-to-date gain
of 2.23% in terms of the ASI.
