Lanka securities Market Roundup 25 June 2015

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Lanka securities Market Roundup 25 June 2015 Empty Lanka securities Market Roundup 25 June 2015

Post  Melissa Pereira on Fri Jun 26, 2015 10:23 am

Market Review

Colombo shares ended in negative territory on Thursday continuing the bearish momentum. The main index started with positive returns but closed in the red zone recording a loss of 22.50 points or 0.32% to end at 7,031.33 while S&P SL 20 index lost 14.34 points (-0.37%) to end at 3,913.06.

Today’s losses were mainly driven by price declined in primary blue chip counters such as Nestle Lanka (closed at LKR 2,100.00, -2.3%), Lion Brewery (closed at LKR 620.00, -3.1%) and John Keells Holdings (closed at LKR 204.10, -0.9%).
Daily market turnover was LKR 628mn supported by several negotiated deals recorded in

John Keells Holdings (0.2mn shares at LKR 204.50 per share), Commercial Bank (0.2mn shares at LKR 160.00 per share), Nestle Lanka (0.02mn shares at LKR 2,100.00 per share) and Hatton National Bank (0.1mn shares at LKR 218.00 per share). Total crossings accounted for 19% of the market turnover.

John Keells Holdings positioned at the top of the turnover list with LKR 112mn followed by Hatton National Bank (LKR 57mn), Commercial Bank (LKR 46mn) and Nestle Lanka (LKR 34mn).

Losers outweighed the gainers 109 to 83 while 60 counters remained unchanged. Cash map declined to 34% from 54%. 11 counters declined to 52wk low prices while only Kelani Cables (LKR 108.00) and East West Properties (LKR 17.50) recorded 52wk high prices.

Moreover shares of Regnis Lanka, JKH Warrant 0022, Anilana Hotels & Properties and FLC Hydro Power were among heavily traded counters of the session.

Foreign investors were net sellers for the second consecutive session with a net foreign outflow of LKR 166mn. Foreign participation was 25%. Net foreign outflows were seen in John Keells Holdings (LKR 95mn), Commercial Bank (LKR 34mn) and Chevron Lubricants (LKR 29mn) while net foreign inflow was mainly seen in Nestle Lanka (LKR 33mn).

Moreover, John Keells Holdings announced that the Waterfront Properties (Pvt) Ltd, a subsidiary of JKH, has finalized the syndicated project development facility amounting to USD 395mn with Standard Chartered Bank and has concluded the debt financing requirement for the project.
Please refer the link for more details-
http://www.lsl.lk/pdf/research/marketroundup.pdf

Melissa Pereira

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