Lanka Securities Market Round up 20 July 2015

Colombo bourse snapped the seven day winning streak on Monday to start the weekly operation on negative note. The market lost the positive momentum gained in last week as the bench mark All share price index weakened by 14.10 points or 0.20% to end at 7,147.86 whilst S&P SL 20 index marginally declined by 6.23 points (-0.16%) to end at 4,007.52.

During the last seven sessions the main index gained 238.17 points or 3.4% whereas 20-script S&P SL index gained 163.38 points or 4.2%.

Today’s losses were mainly driven by price depreciations in primary blue chips such as Lanka Orix Leasing Company (closed at LKR 106.00, -0.9%), Commercial Bank (closed at LKR 168.00, -0.9%) and Aitken Spence Hotels (closed at LKR 76.20, -4.2%).

Daily market turnover was LKR 647mn. Several crossings were recorded in John Keells Holdings (0.9mn shares at LKR 183.00 per share), Hatton National Bank non-voting (0.4mn shares at LKR 176.00 per share) and First Capital Holdings (1mn shares at LKR 40.00 per share). Crossings accounted for 42% of the market turnover.

Further John Keells Holdings led the turnover list with LKR 182mn followed by Hatton National Bank non-voting (LKR 74mn), First Capital Holdings (LKR 42mn) and Grain Elevators (LKR 40mn).

However, gainers outweighed the losers 109 to 82 while 57 counters remained unchanged. Cash map declined from 57% to 49%. Five counters inclined to 52wk high prices while six counters declined to 52wk low prices.

Lanka IOC was the top trader during the session subsequent to the news article regarding the commencement of bunkering operations at Trincomalee oil terminal. Counter closed at LKR 33.60, +1.5%.

Further, Kegalle Plantation traded heavily prior to the XD date. KGAL inclined to LKR 141.70, but closed lower at LKR 134.90, -3.2%.

Moreover, Grain Elevators (LKR 57.40, +4%), Three Acre Farms (LKR 76.00, +2.7%), Asian Alliance Insurance (LKR 221.90, +2.2%), National Development Bank (LKR 280.00, +2%) and East West Properties (LKR 17.90, +4.7%) recorded 52wk high prices.
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