The Bourse Weekly Performance (Week-ended 09thof
May 2014)
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Week-ended 09thMay 2014
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Week-ended
02nd May 2014
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All Share Price Index
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6,284.87
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6,248.44
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S&P SL20 Index
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3,457.26
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3,435.81
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Total Turnover for the week (LKR)
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11,630,447,525
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3,542,968,246
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Total Net Foreign Inflow/ (Outflow) (LKR)
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6,886,074,825
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(171,503,142)
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Market Capitalization
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2,631,902,336,187
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2,616,633,748,980
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Market PER
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16.78
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16.68
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Market PBV
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2.06
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2.05
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The
external sector performance during the month of February 2014 has been further
strengthened to contract the trade deficit by 20.7% on a year-on-year (YoY)
basis as theExport earnings increased 5.4% YoY to USD 841 Mnand the Imports
expenditure declined 6.2% YoY to USD1, 345 Mn as per the information published
by CBSL.In addition to this the expectation on the outcome of this month’s
(May) monitory policy announcement, uphold the positive momentum in Colombo
Stock Exchange to halt the week on green territory for the second consecutive
week ended on 09th May 2014.The Bench mark All Share Price Index
(ASPI)closed at 6,284.87points higher 36.43 points against its previous weeks
closing and the secondary S&P SL 20 index gained by 21.45 points to close
the week at 3,457.26 points. The massive foreign inflow in to the market via
the stock Expo Lanka Holdings PLC brought down the YTD
net foreign outflow from LKR 7.1 Bn to LKR 214.8 Mn over the week. The week
sawgiant foreign purchases of LKR 7.99 Bn outpacing the little total foreign
sales of LKR1.1Mn.The total market capitalization gained by LKR 15,268 Mnover
the week to close the market at LKR 2.63 Tn.
A
total of 828.7 Mn shares were changed hands to record an excellent total weekly
turnover of LKR 11.63Bn which is almost tripledas of its previous week’s
figure. The off market deals took place on the stocks ofEXPO, HEMAS, HNB, JKH,
SHL, LIOC, SEYB, RCL, AHUN, COMB, DIST andTKYO for the total value of LKR 7.88
Bn,which is a huge contribution of 67.8% to the weekly turnovers.
The
list of price gainers were led by MORISONS (+33.82%), MIRAMAR [W] (+28.91%), ACME (+25.53%), S M B LEASING [X] (+25.00%) and INDO MALAY (+17.50%) while the list of price
losers were led by CEYLON LEATHER [W] (-20.00%), TANGERINE (-10.93%), EQUITY
TWO PLC(-10.34%), ASIA ASSET (-10.00%) and MULTI FINANCE(-9.52%).The week’s
ASPI movement was heavily influenced by the stocks of BUKI, AHPL and INDO. The
market PER and PBV climbed to 16.78x and 2.06x respectively by end of the week.
