The Bourse Weekly Performance (Week-ended 07th of February 2014)

The Bourse Weekly Performance (Week-ended 07^th of February 2014)

	Week-ended 31stJanuary 2014	Week-ended 07thFeb 2014
All Share Price Index	6,248.08	6,141.72
S&P SL20 Index	3,443.25	3,369.30
Total Turnover for the week (LKR)	5,338,112,846	7,342,453,384
Total Net Foreign Inflow/ (Outflow) (LKR)	208,060,607	(3,070,642,521)
Market Capitalization	2,608,268,652,140	2,563,867,702,567
Market PER	16.88	16.27
Market PBV	2.07	2.82

The week commenced on a depressed note with the bourse exhibiting sluggish activity across the boards as more selling interest was witnessed throughout the week. The Bench Mark All share price index traversed in declining phase throughout the week losing 106.36 points (-1.70%) and closed at 6,141.72 points against its previous week close of 6,248.08 points. Meanwhile the S&P SL 20 index lost 73.95 points (-2.15%) to close the week at 3,369.30 against its previous week closures of 3,443.25 points. Though the 4 market day week recorded an extra ordinary daily average turnover of LKR 1.8Bn which is an increase of 71.93% against its previous weeks daily average turnover of 1.06Bn, it was noted that this occurred due to heavy foreign selling that took place as the year to date foreign inflow reversed to a negative of Rs 1.72 Bn. The year 2013 recorded a net foreign inflow of LKR 22.89 Bn.

The total turnover for the short week was LKR 7.34Bn held by 16 crossings, seen a rise of 37.55% compared to the previous week’s turnover. Off board interest were seen on JKH, DFCC, EXPO, DIST, COMB, DIAL, VONE, and SAMP totalling up to LKR 4.09Bn, which is a heavy influence of 55.74% to the week’s turnover. The list of price gainers were led by SFL.N (+17.95%), MORI.N (+17.35%), BLI.N (+16.33%), AFSL.N (+13.12%) and INDO.N (+11.90%) while the list of price losers were led by MIRA.N (-21.90%), SLND.N (-21.42%), CLPL.W14 (-20.00%), GSF.N (-16.53%) and CHMX.N (-15.21%).

Total foreignsellingfor the week of LKR 4.40Bn, out spaced the total foreign buying of LKR 1.33Bn recording a net foreign outflow of LKR 3.07Bn during the week.The market PER and PBV stood at 16.27x and 2.82x respectively by end of the week.

The Bourse Weekly Performance (Week-ended 31stJanuary 2014)

The Bourse Weekly Performance (Week-ended 31^stJanuary 2014)

	Week-ended 24th January 2014	Week-ended 31st January 2014
All Share Price Index	6,255.63	6,248.08
S&P SL20 Index	3,478.09	3,443.25
Total Turnover for the week (LKR)	5,812,624,350	5,338,112,846
Total Net Foreign Inflow/ (Outflow) (LKR)	187,691,236	208,060,607
Market Capitalization	2,602,580,611,621	2,608,268,652,140
Market PER	16.84	16.88
Market PBV	2.07	2.07

Following the announcement by the US Federal Reserve in curbing its monthly bond buying program by a further USD 10 Bn for a second straight month of tapering, Asian stocks plunged notwithstanding the Colombo Bourse as well, to close the week marginally down against last week. The unforeseen interest rate hikes in India, Argentina and Turkey added to the sluggish sentiment in regional markets who are concerned about the weakening of their respective economies which in turn led to volatility in markets.

Furthermore the uncertainties and anxieties that persisted in the local bourse with regard to the mergers and acquisition of Non –Banking Financial Institutions, saw their respective stocks prices fluctuate during the week as retail investors adopted a cautious approach against their bullish sentiment the previous week. The entrance of Amana IPO stocks to the local bourse gave a negative return to the investors as it dipped to Rs. 5.80(-17.14%) on its very first day of trading against its issue price of Rs.7.00.

The benchmark All Share Price Index (ASPI) and the S&P SL 20 indexlost7.55 points and 34.84 points throughout the week to close at 6,248.08 points and3,443.25 respectively.A total of 370.3Mn shares changed hands to record a turnover of LKR 5.3Bn for the week reflecting a drop of 8% in comparison to its previous weeks figure.Out of this, 31.68% had been contributedvia crossings which took place on JKH, JINS, EXPO, COMB, AHUN, CTC, HNB, HNB.X, NDB, SPEN,             LLUB,CINS, NEST and BRWN.

The list of price gainers were led by CFL.N (+32.08%), SFL.N (+27.85%), PARQ.N (+20.00%), ASIR.N (+18.29%) and COCR.N (+18.12%) while the list of price losers were led by GREG.W3 (-25.00%), MORI.N(-22.03%), CLPL.W13(-16.67%), PDL.N(-11.14%) and INDO.N(-10.63%).

Total foreign purchasing of LKR 1.45Bn, out spaced the total foreign selling of LKR 1.25Bn recording a net foreign inflow of LKR 208.06Mn.The market PER and PBV stood at 16.88x and 2.07x respectively by end of the week.

The Bourse Weekly Performance (Week-ended 24thJanuary 2014)

The Bourse Weekly Performance (Week-ended 24^thJanuary 2014)

	Week-ended 17th January 2014	Week-ended 24th January 2014
All Share Price Index	6,131.05	6,255.63
S&P SL20 Index	3,407.94	3,478.09
Total Turnover for the week (LKR)	4,891,765,220	5,812,624,350
Total Net Foreign Inflow/ (Outflow) (LKR)	56,567,898	187,691,236
Market Capitalization	2,550,741,656,288	2,602,580,611,621
Market PER	16.51	16.84
Market PBV	2.03	2.07

The Sri Lanka investment road show held in Singapore this week accompanied with the Central Bank of Sri Lanka’s resilient recommendations to consolidate the Banking and Non- Banking Financial (NBF) sector aimed at forming a robust financial system in the country, continued to create bullish sentiment in the market this week. The prices of listed stocks of Banking and NBF institutions appreciated during the week across the board following this news resulting in the Bank/Finance and Insurance sector index increasing by 371.42 (+2.71%) points to 14,074.72 against its last week’s closing of 13,703.30 points.

The benchmark All Share Price Index (ASPI) gained 124.58 points throughout the week to close at 6,255.63points, whereas the S&P SL 20 index gained 70.15 points to close at 3,478.09 points. Notably both the indices gained 2% throughout the week to halt in green territory. A total of 460.7 Mn shares were changed hands to record a turnover of LKR 5.8Bn. Out of this, 28.40% had been generated through the off market deals which took place on LIOC, COMB, SPEN, JKH, CTC, HNB, HAYL,             LLUB, TAP and LOFC.

The list of price gainers were led by SEMB.N (+66.67%), SEMB.X (+25%), SLND (+23.90%), TFIL(+20.98%) and PMB(+20%) while the list of price losers were led by GREG.W13 (-50.00%), SELI(-17.07%), PCH(-16.67%), HARI(-10.81%) and SHAL(-10.60%).

Foreigners continued to pile into equitiesand ended the week with the total purchasing of LKR 2.03Bn, out spacing the total foreign selling of LKR 1.84Bn.Hence the week recorded a net foreign inflow of LKR 187.7Mn resulting the YTD foreign inflow amounting at LKR 23.22Bn. The market PER and PBV stood at 16.84x and 2.07x respectively by end of the week.