The Bourse Weekly Performance (Week-ended27thof June 2014)

The Bourse Weekly Performance (Week-ended27^thof June 2014)

	Week-ended 27thJune 2014	Week-ended 20thJune 2014
All Share Price Index	6,363.49	6,302.45
S&P SL20 Index	3,521.30	3,478.86
Total Turnover for the week (LKR)	4,111,328,178	4,706,404,911
Total Net Foreign Inflow/ (Outflow) (LKR)	383,947,353	71,971,455
Market Capitalization	2,666,683,309,228	2,641,063,965,533
Market PER	17.15	16.96
Market PBV	2.03	2.01

The Colombo Bourse continued to witness positive momentum on the backdrop of declining fixed income rates. The broader index surpassed 6,350 levels whilst recording better levels of daily turnovers. The All Share Price Index gained 61.04 points (0.97%) over the week to close at 6,363.49 while the secondary S&P SL 20 index gained 42.44 points (1.22%) to close at 3,521.30 points. The total market capitalization appreciated by LKR 25.6Bn to close the week at LKR 2.66Tn, resulting a year to date appreciationof 8.41%. The off shore investors sentiment continued to be healthy during this week as well, with total foreign buying of LKR 1,363.65 Mn, outpacing total selling of LKR 979.7 Mn. Hence the week observed a net foreign inflow of LKR 383.9Mn. With this the YTD net foreign inflow to the market outdoneLKR 6.31 Bn.        

A total of 357.05 Mn shares were changed hands to record a total weekly turnover of LKR 4.11Bnindicating a drop of 12.64% from its previous week’s figure. The off market deals took place on the stocks of COMB, CSEC, DIST, ACME, HHL, HNB, JKH, EXPO, LIOC, ABL and AEL for the total value of LKR 1,260.01Mn,which is an exact contribution of 30.60% to the weekly turnovers. John Keells Holdings PLC (JKH) stood out as the top subscriber for the week providing LKR 1,158.33 Mn worth of turnover, accounting a significant share of 28.17% of the weekly turnover.Commercial Bank and Access Engineering Limited obtained the next two positions of the list, with the turnovers of LKR 300.31 Mn and LKR 217.6 Mnrespectively.

The list of price gainers were led by PC PHARMA (+66.67%), CIFL (+57.14%), PCH HOLDINGS (+44.44%), PC HOUSE (+33.33%) and CLPL [W14] (+33.33%) while the list of price losers were led by CEYLON LEATHER [W13] -36.36%), OFFICE EQUIPMENT (-11.96%), HAPUGASTENNE (-8.66%), TESS AGRO [X] (-8.3%3) and LAXAPANA (-8.16%).The week’s ASPI movement was heavily influenced by the stocks of CTC, COMB and SLTL. The market PER increased to 17.15x by end of this week whereas the most stagnated PBV stood at2.03x.

The Bourse Weekly Performance (Week-ended13thof June 2014)

The Bourse Weekly Performance (Week-ended13^thof June 2014)

	Week-ended 13thJune 2014	Week-ended 06th June 2014
All Share Price Index	6,337.22	6,279.14
S&P SL20 Index	3,505.03	3,479.17
Total Turnover for the week (LKR)	4,499,715,788	3,936,356,668
Total Net Foreign Inflow/ (Outflow) (LKR)	1,368,880,305	1,685,810,809
Market Capitalization	2,655,597,461,706	2,629,905,274,339
Market PER	17.77	17.60
Market PBV	2.07	2.05

The Colombo Bourse was dynamic over the shortened trading week in comparison to its previous week. The All Share Price Index gained by 58.08 points (0.92%) over the week to close at 6,337.22 while the secondary S&P SL 20 index gained by 25.86 points (0.74%) to close the week at 3,505.03.  Once again, heavy trades were witnessed on stocks in the Non-Banking Financial sector (NBFIs) on the backdrop of expectations of the consolidation process.Foreign investors’ sentiment continued to be bearish during this week as well, with total buying of LKR 2,523.8Mn, outpacing the total foreign selling of LKR 1,154.9Mn.Hence the week observed a net foreign inflow of LKR 1, 368.8 Mn. With this the YTD net foreign inflow to the market topped to LKR 5.86Bn.The total market capitalization appreciated by LKR 25.7Bn(Approximately 1.00 %) over the week to close at LKR 2.65 Tn.

                       

A total of 174.2Mn shares were changed hands to record a total weekly turnover of LKR 4.5Bn which is anincrease of 14.31%over its previous week’s figure. The average weekly turnover of the shortened week mounted at LKR 1,124.9 Mn against its previous week’s figure of LKR 787.3Mn. The off market deals took place on the stocks of CTHR, JKH, SPEN, DIST, HNB, PARQ, COMB, and DFCC for the total value of LKR 2,023.8 Mn,which is an exact contribution of 45% to the weekly turnovers.

The list of price gainers were led by S M B LEASING [X] (+25.00%), OFFICE EQUIPMENT (+24.86%), LANKEM DEV. (+22.00%), RAMBODA FALLS (+21.61%) and CAL FINANCE (+17.45%) while the list of price losers were led by CEYLON LEATHER [W](-25.00%), BROWNS INVSTMNTS (-22.73%), PC PHARMA(-13.33%), SINHAPUTHRA FIN (-9.64%) and E B CREASY(-9.06%).The week’s ASPI movement was heavily influenced by the stocks of LOLC, NEST and SLTL. The market PER increased to 17.77x by end of this week whereas the most stagnated PBV hurdled to2.07x.

The Bourse Weekly Performance (Week-ended06thof June 2014)

The Bourse Weekly Performance (Week-ended06^thof June 2014)

	Week-ended 06thJune 2014	Week-ended 30th May 2014
All Share Price Index	6,279.14	6,263.46
S&P SL20 Index	3,479.17	3,454.61
Total Turnover for the week (LKR)	3,936,356,668	4,025,517,300
Total Net Foreign Inflow/ (Outflow) (LKR)	1,685,810,809	710,877,298
Market Capitalization	2,629,905,274,339	2,623,332,240,507
Market PER	17.60	16.72
Market PBV	2.05	2.05

Despite the stocks all across the board in Colombo Bourse had witnessed little run last week as most of top corporates have posted healthy financials giving indications for good dividend pays, the main All Share Price Index was under pressure and was flat through the week due few index heavy weighted blue chip stocks were tumbling on under performance of expectations. However by end of the week, the Bench Mark All share price index marginally appreciated by 15.68 points (0.25%) and closed at 6,279.14 points against its previous week’s close of 6,263.46 points. In the meantime the S&P SL 20 index gained24.56 points (0.71%) to close the week at 3,479.17 against its previous week closures of 3,454.61 points. Foreign investors continued to bebullish for the fourth consecutive week whichpiled the YTD net foreign inflow to LKR 4.49Bn by end of the week. The week recorded total foreign purchases of LKR 2,086.09Mn and total foreign sales of diminutive LKR 400Mnresulting a net foreign inflow of LKR 1,685.8Mn. The total market capitalization slightly climbed up by LKR 6.57 Bn over the week to close at LKR 2.62Tn.

                       

A total of 181.8 Mn shares changed hands to record a total weekly turnover of LKR 3.94Bn which is a marginal drop of 2.21% over its previous week’s figure. The average weekly turnover was at LKR 787.3Mn as well in comparison to its previous week’s level of LKR 805.10Mn. Off market deals took place on stocks of ECL, JKH, SHOT, JINS, PARQ and RCL. Approximately 45% of the total weekly turnover was subsidised through such deals. JKH, E- CHANNELLING and ROYAL CERAMIClead the weekly turnover list as it contributed LKR 1,206.6 Mn, LKR 301.7 Mn and LKR 234.4 Mn respectively, in orderly ROYAL CERAMIC, JANASHAKTHI INS and JKHgrabbing the top three places for volumes traded with 204.3Mn, 28.9Mn and 28.5Mn shares respectively.

The week’s ASPI movement was heavily influenced by the stocks of CARS, NEST and CTHR. The market PER jumped to 17.60x by end of this week whereas the PBV remained same at2.05x.