Friday, May 23, 2014

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



The Bourse Weekly Performance (Week-ended 23rdof 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 23rdMay 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.