Archive for the ‘Uncategorized’ Category
Indices rallied at the latter half of the day surpassing the resistance level of 6,000. JKH was the top turnover provider, with capturing two crossings at LKR 252. Price of JKH closed at LKR 252.80 (+1.12%). Foreign stake of COMB increased by 450,150 shares while the price closed at LKR 116.60 (1.39%). Interest could be witnessed in CLND [...]
Daily Trade Journal – CSE Diary for 10.05.2013 Indices denoted a corrective pattern: After the extended rally, the Bourse denoted selling pressure today where it dropped by 40 points from a day’s high of 6,288.00. However, ASPI ended positive at 6,250.0 with a gain of 11 points, creating a technically termed “pin bar”. Gained [...]
Broad market interest prevailed while most of the big-cap banking sector counters saw a dip after the short rally, closing bourse on a mixed note. Price of HNB closed at LKR 171.50 (-1.32%) and the foreign stake of the counter increased by 513,448 shares. Foreign stake of HNB.X (closing price LKR 128.10 with a loss of 1.46%)) and JKH (closing [...]
Sampath Bank continued with the growth momentum in 2012, by posting impressive results in many key areas over the last year, amidst many challenges which included a regulatory credit ceiling and pressure on interest margins, resulting from shifting of funds from low cost to high cost deposits in the high interest rate scenario which prevailed [...]
Daily Trade Journal – CSE Diary for 08.01.2013 The bourse reversed its descending trajectory at the end of trading whilst intensified foreign and institutional interest edged to the limelight as a number of large deals defined the day’s market story contributing 73% to the turnover. The benchmark index which witnessed a marginal uptick during [...]
Daily Trade Journal – CSE Diary for 28.12.2012 Colombo stocks’ slow run on green territory extended with foreign interest in blue-chips taking the lead, driving the index to a 36 points gain during the day. During mid-day the index peaked at 5,587 and stagnated at the same level until the upsurge in the final hour [...]
Indices were trending upwards during the early hours and closed up in a mixed note. Investor interest was witnessed upon REEF while the share price closed at LKR 25.10 gaining 2.03%. The only two crossings for the day took place with regard to REEF and SEYB.X while REEF crossing was traded at a 39% premium to the market [...]
Daily Trade Journal – CSE Diary for 22.11.2012 Bourse followed the recovery pattern initiated during the latter hours of trading yesterday. Market dipped a surprising 195.7 points over the last three days of trading for the week. Today’s green trading could be easily identified with the wild downward tailspin of the bourse. The ASPI [...]
Indices dropped taking the negative momentum of yesterday’s latter half of trading amidst lackluster activity. JKH recorded a one crossing of 357,990 shares at LKR 195 while the share price closed at LKR 195.20 losing 1.91%. However, some interest could be witnessed in DIST and CINS while the share prices closed at LKR 119.60 and LKR 790 gaining 0.76% [...]
The positive momentum witnessed during the previous week continued to improve the indices while the ASPI returned back to 5,000 mark. during the first half of the week indices further appreciated amidst active retail participation. However, during Thursday and Friday institutional or high net worth investors joined despite the negative sentiment prevailed. Foreign investor participation was also increased in last two days. The [...]
The Carson Group, an old established company in existence for over 150 years, is a totally Colombo-based, and Colombo-managed group but the bulk of its 14,453-strong workforce is in overseas. According to the group’s latest (ending March) 2011-2012 report, 95 per cent (13,923) of the workforce is in plantations of which 91 % is in [...]
Going public, acquiring Sathosa Motors Ltd, expanding its construction work across the country, and being (almost) totally debt free were some of the achievements of Access Engineering Ltd in the year ending March 2012, Access Engineering Ltd, the first company which had an IPO in 2012 (March) has had a very successful year of operations [...]