Lanka Securities Market Round up 2 July 2015

Melissa Pereira Mon Jul 06, 2015 10:19 am

Dreary sentiment continued to dominate the stock market as the bourse started the new month with another lackluster trading session. Benchmark All Share Price index dropped below 7,000-mark after 11-weeks to end at 6,982.80 with a loss of 38.00 index points or 0.54%. S&P SL 20 index lost 14.15 points (-0.36%) to drop below 3,900-mark to end at a 12- week low of 3,893.88.

Prices of index heavy counters such as DFCC Bank (closed at LKR 193.00, -3.4%), Peoples Leasing (closed at LKR 23.00,-1.3%), LB Finance (closed LKR 224.30,-5.6%) declined after going ex-dividend today. Further price decline in Ceylon Tobacco (closed at LKR 899.00, -0.2%) and Sri Lanka Telecom (closed at LKR 43.40, -1.8%) affected adversely to the index performance.

Daily market turnover was LKR 436mn. Peoples Leasing topped the turnover list with LKR 67mn followed by Hemas Holdings (LKR 56mn), Access Engineering (LKR 54mn) and Ceylon Tobacco (LKR 39mn). Single crossing was recorded in Hemas Holdings where 0.7mn shares changed hands at LKR 82.00 per share. The crossing accounted for 13% of the market turnover.

Please refer the link for more details-

http://www.lsl.lk/pdf/research/marketroundup.pdf