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Spence boost turnover

Posted on the September 27th, 2012 under Market Reports by

Bourse witnessed the highest turnover in three months on the back of the Aitken Spence block transaction, which is equivalent to a 5.9% stake of the company. Heavy foreign, institutional and high net worth activity in John Keells Holdings, Nestle and Ceylinco Insurance helped indices to end in green. The share price of NDB Bank [...]

Foreign interest continues

Posted on the September 26th, 2012 under Market Reports by

Market started on a negative note but gathered momentum to end the day in green. Turnover crossed the 1 Bn mark on the back of accumulation witnessed in fundamentally strong counters such as National Development Bank, John Keells Holdings, Dialog Axiata and Sampath Bank. Meanwhile foreign interest in selected blue chips such as Dialog Axiata [...]

Back on green as turnover drops

Posted on the September 21st, 2012 under Market Reports by

Market rebounded during the second half of trading after being in red in the first half. Market turnover dropped further to record the lowest for September. Healthy mix of investors sought selected blue chips such as Dialog Axiata, John Keells Holdings and Ceylon Tobacco as well as mid cap counters such as Nations Trust Bank, [...]

Healthy turnover amidst profit taking

Posted on the September 19th, 2012 under Market Reports by

Market largely stayed in the negative territory for the day after making over 7% gains over the last 4 days. The dip in index heavy counters such as John Keells Holdings, Sampath and Commercial Bank dragged both ASPI and MPI down with indices losing 58 and 87 points respectively. Despite the anticipated market breather, turnover [...]

Interest in banking sector continues

Posted on the September 18th, 2012 under Market Reports by

Retail selling pressure witnessed during early hours of trading brought both indices down but recovered during the latter hours of trading to close in green. Both indices gained 42.19 points with moderate gains in comparison to last week. Renewed interest was witnessed in hotel & travel sector and land & property sector counters such as [...]

Accumulation on bluechips

Posted on the September 14th, 2012 under Market Reports by

Bourse continued its upbeat momentum and both ASPI and MPI managed to record triple digit growth. Bullish sentiments were witnessed across the board with turnover surpassing Rs 1 Bn mark for the sixth consecutive day to post Rs 1.9 Bn. ASPI crossed 5,700 mark, cutting down the year to date loss to 4.9% from 18.6% [...]

Investors pursue quick returns

Posted on the September 13th, 2012 under Market Reports by

Market turnover took a breather in comparison to the turnover levels witnessed early this week. Profit taking was witnessed to an extent in retail counters while speculative counters such as Environmental Resources Investments, East West Properties and Dankotuwa Porcelain were seen dominating the turnover till mid day. Commercial Bank and John Keells Holdings kept the [...]

Activity speeds up further

Posted on the September 10th, 2012 under Market Reports by

Overall investor sentiments intensified, while the MPI crossed the 5,000 mark after 8 months. Gains were recorded across the board with both indices gaining around 100 points. Turnover continued to be impressive and crossed Rs 1.5 Bn with healthy volumes. Interest in banking and finance persisted with heavy activity seen in counters such as Sampath [...]

Intraday Volatility continues

Posted on the September 7th, 2012 under Market Reports by

Market started on a positive note with turnover getting an early boost owing to Asiri Hospital Holding’s 7.9% acquisition of Asiri Surgical from Sri Lanka Insurance. Retailers’ bullish sentiments continued to dominate the market activity with turnover crossing Rs 1 Bn mark. Despite the volatility seen on early hours, which dragged the market into the [...]

Retail run continues while MPI dips

Posted on the September 6th, 2012 under Market Reports by

Profit taking at the start of trading resulted in the broader market remaining stagnant during early hours of trade. However, fresh buying commenced during midday to push the ASPI up for the seventh consecutive session with interest seen across the board. MPI was dragged down due to index heavy John Keells Holdings losing ground while [...]

Retailers drive the market

Posted on the September 4th, 2012 under Market Reports by

Week commenced on a positive note as retailers continue to dominate the market activity whilst benchmark ASPI and MPI gained 70 and 92 points respectively for the day. Turnover reached almost Rs 1 Bn with interest in retail favorite counters such as E- Channeling, Environmental resources, Nation Lanka Finance, Blue Diamonds, Seylan Developments. Interest continued [...]

SPEN crossing dominate bourse

Posted on the August 29th, 2012 under Market Reports by

MPI dip into negative territory due to a drop in John Keells Holdings. However, positive sentiment across the board resulted in indices soon recovering. Parcel trade on Aitken Spence boosted turnover levels while interest was seen in Distilleries and DFCC Bank. Meanwhile, Colombo Land and Citrus Leisure saw considerable retail activity. Diversified sector became the [...]

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