Lanka Securities Market Round up 9 July 2015

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Lanka Securities Market Round up 9 July 2015

Post  Melissa Pereira on Fri Jul 10, 2015 9:30 am

Colombo shares recovered some lost ground on Thursday ending the three day losing streak. The main bourse advanced by 23.26 index points or -0.34% to end at 6,947.05 while S&P SL 20 index gained 20.34 points (+0.53%) to end at 3,870.71.

Blue chips gave the market momentum as heavy weight counters like John Keells Holdings (closed at LKR 179.00, +2.1%), Hatton National Bank (closed at LKR 207.90, +2.4%) and Asian Hotels & Properties (closed at LKR 65.80, +4.4%) inclined in today’s session. In addition both warrants of John Keells Holdings, Warrant 0022 (closed at LKR 18.70, +2.8%) and Warrant 0023 (closed at LKR 31.30, +3.3%) advanced during the session along with the main share.

Daily market turnover was LKR 1bn. The market turnover was boosted by the hefty crossings recorded in Dialog Axiata where 41.4mn shares changed hands at a price range of LKR 10.10- 10.20. DIAL crossings accounted for 54% of the market turnover. Other crossings were recorded in Hemas Holdings (1.0mn shares at LKR 80.00 per share), John Keells Holdings (0.4mn shares at LKR 178.00 per share), Seylan Bank (0.5mn shares at LKR 100.00 per share) and National Development Bank (0.2mn shares at LKR 257.00 per share). Total crossings accounted for 63% of the total market turnover.

Dialog Axiata positioned at the top of the turnover list with LKR 557mn underpinned by the crossings. Further Hemas Holdings (LKR 84mn), John Keells Holdings (LKR 71mn) and Seylan Bank (LKR 51mn) recorded next best contributions to the turnover.

The market activity was positive with 129 stocks rising 65 stocks declining and 38 counters remained unchanged. Cash map further stepped down to 33% from 35%. Meanwhile 17 counters declined to 52wk low prices while only Vidullanka (LKR 9.30, +1.1%) and Industrial Asphalts (Ceylon) (LKR 380.00, +22.9%) reached 52wk high prices.

Anilana Hotels & Properties led the trades followed by Nation Lanka Finance, Dialog Axiata and Dankotuwa Porcelain.

Furthermore, most index heavy banks namely Hatton National Bank (+2.4%), Commercial Bank (+0.8%) and National Development Bank (+0.3%) gained grounds with exception of Sampath Bank (-1.4%).
Please refer the link for more details-
http://www.lsl.lk/pdf/research/marketroundup.pdf

Melissa Pereira

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