The Bourse Weekly Performance (Week-ended 30thof May 2014)

The Bourse Weekly Performance (Week-ended 30^thof May 2014)

	Week-ended 30th May 2014	Week-ended 23rd May 2014
All Share Price Index	6,263.46	6,280.31
S&P SL20 Index	3,454.61	3,459.43
Total Turnover for the week (LKR)	4,025,517,300	3,367,222,012
Total Net Foreign Inflow/ (Outflow) (LKR)	710,877,298	1,103,908,891
Market Capitalization	2,623,332,240,507	2,630,359,628,386
Market PER	16.72	16.77
Market PBV	2.05	2.06

Though the Bourse commenced the final week of May on a positive note, it did not withstand the trend to close the month of May on a positive note. Despite the Bench Mark All share price index traversing through positive and negative terrain  throughout the week, it dipped 16.85 points (-0.27%) and closed at 6,263.46 points against its previous week’s close of 6,280.31 points. Meanwhile the S&P SL 20 index marginally lost 4.82 points (-0.14%) to close the week at 3,454.61 against its previous week closures of 3,459.43 points. Foreign investors have been net buyers to the Bourse for a third consecutive week and mounted the YTD net foreign inflow to LKR 2.8 Bn by end May 2014. The week recorded total foreign purchases of LKR 1,430.4 Mn and total foreign sales of LKR 719.5 Mn which resulted in a net foreign inflow of LKR 710.8 Mn. The total market capitalization was down by LKR 7 Bn over the week to close at LKR 2.62Tn. This eroded the YTD gain on the market capitalization to 6.64% against its previous week’s figures of 6.93%.

A total of 208.88Mn shares were changed hands to record a total weekly turnover of LKR 4.03Bn which is an increase of approximately 20% over last week.The off market deals took place on the stocks ofJKH, AAF, ESL, MFL, CINS, COMB, CARG, LLUBandNESTfor the total value of LKR 1,785.4Mn,which is a contribution of huge44.4% to the weekly turnovers.

Companies were seen starting to post their annual financial figures for the year ending 31st March 2014 along with attractive dividend payment announcements. Companies such UNITED MOTORS LANKA, LB FINANCE, JOHN KEELLS PLC, CEYLON COLD STORES, ASIAN HOTELS & PROPERTIES PLC, CENTRAL INDUSTIES and LAUGFS GAS declared their final dividends as Rs. 6.00, Rs. 6.50, Rs. 3.40, Rs. 3.00, Rs. 3.00 and Rs. 2.00 respectively. The week’s ASPI movement was heavily influenced by the stocks of COMB, AHPL and BUKI. The market PER and PBV scaledto 16.72x and 2.05x respectively by end of the week.

The Bourse Weekly Performance (Week-ended 23rdof May 2014)

The Bourse Weekly Performance (Week-ended 23^rdof May 2014)

	Week-ended 23rdMay 2014	Week-ended 16thMay 2014
All Share Price Index	6,280.31	6,315.19
S&P SL20 Index	3,459.43	3,479.17
Total Turnover for the week (LKR)	3,367,222,012	3,238,152,652
Total Net Foreign Inflow/ (Outflow) (LKR)	1,103,908,891	1,206,259,367
Market Capitalization	2,630,359,628,386	2,644,947,777,839
Market PER	16.77	16.86
Market PBV	2.06	2.07

The All Share Price Index (ASPI) closed the week down at 6,280.31 points against its previous weeks closing level of 6,315.19 points reflecting a week on week depreciation of 0.55% whereas the secondary S&P SL index also contracted by 0.57% to close the week at 3,459.43 points. The Bourse continued to observe off-shore investor interest which has reflected a turnaround into positive territory since last week in net foreign inflows. The week recorded total foreign purchases of LKR 1,746.9Mn and total foreign sales of LKR 643 Mn which resulted in a net foreign inflow of LKR 1,103.9Mn. With this the YTD net foreign inflow has accumulated to LKR 2,095 Mn for the week ending 23^rdMay 2014.  The total market capitalization lost by LKR 14,588 Mn over the week to close the market at LKR 2.63Tn. Furthermore the market capitalization reflected YTD gain of 6.93% by the end of the week.

A total of 117.58Mn shares were changed hands to record a total weekly turnover of LKR 3.36Bn.The off market deals took place on the stocks ofCOMB, JKH, NDB, HNB, UML, DISTandPDLfor the total value of LKR 772.56 Mn,which is a contribution of 23% to the weekly turnovers.

The list of price gainers were led by  KURUWITA TEXTILE (+37.80%),  PDL (+19.73%),  KELSEY (+14.56%),  SINHAPUTHRA FIN [P] (+12.86%) and  SERENDIB LAND (+11.09%) while the list of price losers were led by CEYLON LEATHER [W] (-50.00%), PCH HOLDINGS (-20.00%), CITRUS LEISURE [W] (-18.18%), S M B LEASING (-15.38%) and CIFL (-14.29%).The week’s ASPI movement was heavily influenced by the stocks of DIAL, VONE and PDL. The market PER and PBV scaledto 16.77x and 2.06x respectively by end of the week.

The Bourse Weekly Performance (Week-ended 16thof May 2014)

The Bourse Weekly Performance (Week-ended 16^thof May 2014)

	Week-ended 16thMay 2014	Week-ended 09thMay 2014
All Share Price Index	6,315.19	6,284.87
S&P SL20 Index	3,479.17	3,457.26
Total Turnover for the week (LKR)	3,238,152,652	11,630,447,525
Total Net Foreign Inflow/ (Outflow) (LKR)	1,206,259,367	6,886,074,825
Market Capitalization	2,644,947,777,839	2,631,902,336,187
Market PER	16.86	16.78
Market PBV	2.07	2.06

The Colombo Bourse was gloomy over the shortened trading week compared to its week before last. It gained 18.29 points on Monday before it losing ground back again by 18.20 points on Tuesday, to close the market at flat for Vesakholidays. However market witnessed some strategic deals which enabled it to gain by 30.23 points once again on Friday, effectively making the Bench mark All Share Price Index (ASPI) closed at 6,315.19 points higher 30.32 points against its previous weeks closing and the secondary S&P SL 20 index gained by 21.91 points to close the week at 3,479.17 points. The Bourse observed a net foreign inflow of LKR 1,206 Mn during the week which turned around the YTD net foreign inflow to positive LKR 991.4 Mn by the end of week from its negative value ofLKR 214.78 Mnas of previous week.It’s noted that the YTD net foreign inflow as of last week had been weakened to negative LKR 214.78 Mn.The total market capitalization gained by LKR 13,045Mnover the week to close the market at LKR 2.644 Tn.

A total of 115.98Mn shares were changed hands to record a total weekly turnover of LKR 3.23Bn.The off market deals took place on the stocks ofNEST, TILE, JKH, COMB, CINS, LLUB andCTC for the total value of LKR 1.4Bn,which is a contribution of 43.5% to the weekly turnovers.

The list of price gainers were led by PARAGON(+24.84%), SIERRA CABL (+22.22%), CITY HOUSING(+14.29%), LAKE HOUSE PRIN. (+13.52%) and GUARDIAN CAPITAL (+12.22%) while the list of price losers were led by BIMPUTH FINANCE (-34.65%), PC HOUSE(-25.00%), LANKA CENTURY [W] (-25.00%), S M B LEASING [X] (-20.00%) and CEYLON LEATHER [W] (-12.50%).The week’s ASPI movement was heavily influenced by the stocks of BUKI, AHPL and SLTL. The market PER and PBV climbed to 16.86x and 2.07x respectively by end of the week.