The Bourse Weekly Performance (Week- ended 08thof
August 2014)
Week-ended 08thAugust 2014
|
Week-ended 01stAugust 2014
|
|
All Share Price Index
|
6,918.23
|
6,810.13
|
S&P SL20 Index
|
3,801.87
|
3,759.42
|
Total Turnover for the week (LKR)
|
9,084,222,690
|
3,288,088,579
|
Total Net Foreign Inflow/ (Outflow) (LKR)
|
1,134,388,524
|
304,373,531
|
Market Capitalization
|
2,903,514,699,263
|
2,855,284,141,649
|
Market PER
|
18.69
|
18.38
|
Market PBV
|
2.18
|
2.14
|
The
rumours and anticipations about the takeovers and mergers that prevailed in the
Capital Markets over the last couple of months on the Financial Sector
Consolidation plan of the Central Bank of Sri Lanka has started to come to an
end with the announcements that were officially published in the CSE web site
by the banks/financial sectors companies with regard to the absorption of the
small scale companies. Further announcements are yet to come and stock
collection on its speculation continues to secure the market through green
territory. In addition to this, foreign investors’ interest in John Keels
Holdings along with the healthy quarterly performance of companies flagged the
Colombo Bourse to surge above 6,900 points in its All Share Price Index.
The
All Share Price Index gained by 108.10 points (1.59%) over the week to close at
6,918.23 while the secondary S&P SL 20 index increased by 42.45 points (1.13%)
to close the week at 3,801.87. The sectorial index of Banks Finance and
Insurance recorded 16, 044.80 points by end of the week which is 52 Week High
in value. Offshore investors’ sentiment continued to be bullish during this
week as well, with the total buying of LKR 2,129.88Mn, outpacing the total
foreign selling of LKR 995.49Mn. Hence
the week observed a net foreign inflow of LKR 1,134.38Mn. With this the
YTD net foreign inflow to the market topped to LKR 12.28 Bn. The total market
capitalization appreciated by LKR 48.23Bn over the week to close at LKR 2.90
Tn.
A
total of 523.5Mn shares were changed hands to record a total weekly turnover of
LKR 9.08Bn which is thrice over its previous week’s figure. Mergers and
Acquisition deals contributed significantly to the high weekly turnover. The
off market deals took place on the stocks of COMB, LLUB, TFIL, CAL, CINS, DIST,
SPEN, JKH, AEL, JINS, NTB, ALUM and CSDfor the total value of LKR 2,903.51Mn,which
is an exact contribution of 25.4% to the weekly turnovers.
The
list of price gainers were led by CIFL (+47.06%), HUNAS FALLS (+26.02%), CEYLON
LEATHER [W] (+21.74%), SENKADAGALA (+20.00%) and SOFTLOGIC FIN (+19.44%) while
the list of price losers were led by PC PHARMA(-17.86%), BROWNS INVSTMNTS(-17.65%),
LANKA CENTURY [W] (-14.29%), ORIENT GARMENTS (-13.94%) and PCH HOLDINGS (-11.11%).The
week’s ASPI movement was heavily influenced by the stocks of CTC, JKH and DFCC.
The market PER increased to 18.69x by end of this week whereas the most
stagnated PBV hurdled to 2.18x.
