Friday, June 6, 2014

The Bourse Weekly Performance (Week-ended06thof June 2014)



The Bourse Weekly Performance (Week-ended06thof 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.