by Chinwi Today at 8:31 am
» Good news ahead
by CSE VIJAY Today at 8:05 am
» PRICES GO UP-JAPANESE VEHICLES
by bonbon Today at 8:01 am
» KARUNA THIS IS FOR YOU
by Mubin Mustafa Today at 7:51 am
» TAFL A SILENT GIANT !!!!
by Beta1 Today at 7:45 am
» New finance minister
by samaritan Today at 7:40 am
» JKH hot hot........
by Tissa Today at 7:27 am
» TO DIMANTHA MATHEW --> SO CALLED RESEARCH EXPERT
by happybulls Today at 7:22 am
» Are you have confidence now?
by shadow walker Today at 7:07 am
» ශීත කලය පැමිනෙවි.. තද ශීත කුනටු හමාවි.. හිම කැට සහිත මහ නපුරු සුලි සුලන් හමවි.. එහෙත් වසන්තය එනව සත්තමය්...........
by shadow walker Today at 7:03 am
» A says B good.B says A good.
by hiransilva23 Today at 6:50 am
» IMF announces $2.2 bn loan for Sri Lanka(1.5$billion+650$ million)
by Teller Today at 1:03 am
» don't missed sfl.n/p
by hiransilva23 Today at 12:18 am
» MArket is in a good mood for day drading also
by DANIDU Today at 12:16 am
» what are the shear holder benefit good company
by EquityChamp Today at 12:05 am
» Benchmarking Richard Pieris Exports with Hayleys Fibre
by EquityChamp Yesterday at 11:55 pm
» Predict One share to earn 50% Return
by hiransilva23 Yesterday at 11:34 pm
» Technically time to exit
by hiransilva23 Yesterday at 11:32 pm
» EC SIR..TECHNICAL ANALYSIS OR FUNDAMENTAL ANALYSIS..?
by Brinthan Yesterday at 11:22 pm
» karabuwa like GRAN
by Pac-man Yesterday at 10:24 pm
» FUTURE GEMS - Kind help
by EquityChamp Yesterday at 10:12 pm
» CSE in an Upward Trend: ASPI crosses 6500 mark
by MarketWch Yesterday at 9:58 pm
» Which way the market by end of 2016
by chamith Yesterday at 9:21 pm
» SINS වලට සෙට් වෙමුද කට්ටිය දැන්,
by sameboy Yesterday at 9:17 pm
» HEXP is attractive
by karuna Yesterday at 8:56 pm
» Reef Combo
by hiransilva23 Yesterday at 8:33 pm
» SUGGESTION FOR FORUM BANNER - GROUP CELEBRATION
by MarketWch Yesterday at 8:30 pm
» mfl. n is a another hidden jem
by EquityChamp Yesterday at 7:54 pm
» KAPI FUTURE
by kasun333 Yesterday at 7:31 pm
» next month will be happy new year to all of investors
by karuna Yesterday at 7:13 pm
» UNION BANK (UBC)
by MarketWch Yesterday at 6:50 pm
» MFL MFL hurray
by hiransilva23 Yesterday at 6:45 pm
» SFL N, SFL P , HOT HOTTER, HOTTEST ON.......!
by hiransilva23 Yesterday at 6:28 pm
» Good counters active.
by DANIDU Yesterday at 6:26 pm
» SFL WINNERS ARE WINNERS,
by Teller Yesterday at 6:01 pm
» Thank You for April
by hotstock Yesterday at 4:47 pm
» why LIOC silent
by indunil329 Yesterday at 4:24 pm
» HEXP next support created.
by karuna Yesterday at 3:18 pm
» HVA Lovers
by anjelo Yesterday at 2:40 pm
» CSE is changing....
by troy Yesterday at 2:31 pm
» Is market is due for initial rebound?
by VALUEPICK Yesterday at 2:20 pm
» The Stock Market: Time to Panic! Or Time to Buy!?
by VALUEPICK Yesterday at 2:13 pm
» IMF deal will ease Sri Lanka’s financing pressure: Moody’s
by VALUEPICK Yesterday at 2:10 pm
» HEALTH SECTOR ANALYSE -EC SIR
by Joe007 Yesterday at 2:06 pm
» 6500 Break wow
by fireshelter Yesterday at 1:42 pm
» Aussie Dairy Company Eyes China's Formula Market
by VALUEPICK Yesterday at 1:33 pm
» Australia Set to Block China Purchase of Iconic Cattle Ranch
by VALUEPICK Yesterday at 1:31 pm
» Collect LGL, LIOC, HDFC, ALUM & VFIN before you miss the train..
by kasun333 Yesterday at 1:25 pm
» Experts Pls give your thoughts about VFIN
by troy Yesterday at 1:15 pm
» JKH Broken 155 Lets Prepare for the JKH Rally
by NZ BOY Yesterday at 1:06 pm
by tori.kumara Yesterday at 1:03 pm
» Now AINV is captured
by Teller Yesterday at 12:58 pm
» KELANI CABLES PLC(KCAB.N0000)
by nis2010 Yesterday at 12:56 pm
» Change profile picture please
by nimantha80 Yesterday at 12:55 pm
» watch HDFC
by nimantha80 Yesterday at 12:36 pm
» KCAB - Kelani Cables
by Beta1 Yesterday at 12:14 pm
» On the verge of 6500
by nimantha80 Yesterday at 11:55 am
» SRI LANKA 5-DAY RUPEE FORWARDS UP ON REMITTANCES, BANK DOLLAR SALES
by VALUEPICK Yesterday at 11:55 am
» THE GREAT AINV ON RUNNING WHEEL
by CSE VIJAY Yesterday at 11:51 am
» ATRAD LOGIN
by aathi Yesterday at 11:41 am
» The God Man Predicting Share Price Correctly
by CSE VIJAY Yesterday at 11:38 am
» best rate for 6 months FD
by reader Yesterday at 11:33 am
» Textured Jersey (TJL)
by Mr. Belfort Yesterday at 11:20 am
» SRILANKA STRIKES $1.5BN IMF LOAN
by Yahapalanaya Yesterday at 10:39 am
» What is happening to GRAN?????
by Pac-man Yesterday at 10:27 am
» Sri Lanka strikes US1.5bn EFF reform deal with IMF; US$650 for budget
by Invest_Wisely Yesterday at 10:03 am
» LLMP ,LLMP X GOING TO SHINE
by KK9 Yesterday at 10:00 am
» TAFL Target price next month?
by hanuma Yesterday at 9:35 am
» BLI interim Dividend Rs.1.5
by SLFINANCEWATCH Yesterday at 9:29 am
» CSE goda..IMF deal done
by EquityChamp Yesterday at 9:01 am
» Sri Lanka strikes US1.5bn EFF reform deal with IMF; US$650 for budget
by SLFINANCEWATCH Yesterday at 8:43 am
» BUY LITE.N AND LIGHT YOUR FUTURE
by Ok One Yesterday at 7:58 am
» Bimputh , Sinhaputhra & other finance companies
by EquityChamp Yesterday at 7:39 am
» MFL and SFL
by EquityChamp Yesterday at 6:57 am
» KKS cement factory to be revived
by Ok One Yesterday at 6:33 am
» Most Foreign Direct Investments into Sri Lanka from Hong Kong
by SupunD Yesterday at 4:30 am
» HAYLEYS FIBRE PLC(HEXP.N0000)
by chamil1 Thu Apr 28, 2016 11:34 pm
» hexp and Mercedes Benz
by newer1 Thu Apr 28, 2016 10:53 pm
» JKH Big Deal @200
by Mr. Belfort Thu Apr 28, 2016 10:19 pm
» අවුරුදු තුනකින් ලක්ෂ 40 ක් සංචාරකයෝ එති
by SLBOY Thu Apr 28, 2016 10:09 pm
» FLCH future
by kalum Thu Apr 28, 2016 10:00 pm
» අපනයනකරුවන්ට නීති රීති දැඩිවෙයි
by DANIDU Thu Apr 28, 2016 6:39 pm
» CHOU target Price 15 ++++++++++
by hiransilva23 Thu Apr 28, 2016 3:03 pm
» Martin Currie: Consider Small Asia Markets for Undervalued Stocks
by VALUEPICK Thu Apr 28, 2016 2:57 pm
» LWL LWL LWL - keep on eye - sure 150/= soon
by Gainer Thu Apr 28, 2016 2:34 pm
» What Is a "Strong" Balance Sheet?
by VALUEPICK Thu Apr 28, 2016 1:41 pm
» what about REXP and HEXP?
by Teller Thu Apr 28, 2016 1:35 pm
» kelaniyae karabuwa buy Kukul mas
by Pac-man Thu Apr 28, 2016 1:08 pm
» one by one understanding hexp
by newer1 Thu Apr 28, 2016 1:06 pm
» gran analysis my target price 85
by karuna Thu Apr 28, 2016 12:52 pm
» CHICKEN RUN
by Pac-man Thu Apr 28, 2016 12:48 pm
» mobin Mustafa back
by Ok One Thu Apr 28, 2016 11:27 am
» KAPI FUTURE lovers
by Shammi Dharshana Thu Apr 28, 2016 10:55 am
» WHAT HAPPEN FOR EQIT ?????
by RANGANA PERERA Thu Apr 28, 2016 10:05 am
by tori.kumara Thu Apr 28, 2016 10:05 am
» Brokers recommend to buy TAFL.
by hanuma Thu Apr 28, 2016 10:01 am
» Chicken Problem
by charith666lk Thu Apr 28, 2016 9:49 am
» CHICKEN is KING
by EquityChamp Thu Apr 28, 2016 9:26 am
» what will be the maximum price for osea
by Chinwi Thu Apr 28, 2016 9:11 am
The main stock index edged down 0.18 percent, or 11.38 points, to 6,451.68. It had closed at 6,463.06 on Friday, the highest since May 23, Reuters data showed.
Foreign investors accounted for around 54 percent of the day's turnover of 750.45 million rupees ($5.93 million), which was below this year's daily average of 1.05 billion rupees.
The bourse saw a net foreign inflow of 342.3 million rupees, extending year-to-date inflows to 14 billion rupees.
"The market is running on foreign buying. We will see continuous foreign buying with a bit of corrections," said a stockbroker asking not to be named.
The market's 14-day Relative Strength Index (RSI) was still in overbought territory, at 75.673 on Monday and has been above the upper neutral level of 70 since April 16, Thomson Reuters data showed.
Retail profit-taking pulled the banking index by 0.18 percent down, led by Commercial Bank of Ceylon which fell 1.05 percent.
Analysts, however, said falling interest rates helped investors to be still optimistic about the market.
The island nation's central bank unexpectedly cut its key monetary policy rates by 50 basis points on May 10 to boost economic growth in the face of subdued demand and the market interest rates have been falling since then.
The rupee ended weaker at 126.20/55 per dollar from Friday's close of 126.45/50 on importer and bank demand for the greenback, dealers said.
($1 = 126.5250 Sri Lanka rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)
- Senior Vice President - Equity Analytics
- Posts : 2491
Equity Stars : 4268
Reputation : 132
Join date : 2012-02-26
Age : 42
Location : Abu Dhabi
The ASPI closed 11.38 points lower, down 0.18 percent, at 6,451.68 while the S&P SL20 closed 0.29 percent lower at 3,635.59, down 10.73 points.
Foreign purchases amounted to Rs. 403.21 million, leading to a net inflow of Rs. 342.28 million.
"The market opened the week to a lackadaisical start declining by a notch to end the session at 6,452. Turnover recorded Rs.750 million with trading in United Motors and Ceylon Tobacco accounting for 49 percent of the day’s total. Gainers matched losers with Swadeshi Industrial, Miramar Beach and Maskeliya rising by 50.0 percent, 17.4 percent and 17.4 percent and offsetting losses in Ceylon Printers, Nuwara Eliya Hotel and Multi Finance which fell by 16.6 percent, 11.1 percent and 9.6 percent respectively,"DNH Financial said.
In money markets, the rupee closed slightly weaker against the US dollar at Rs. 126.52/55 against the greenback from an opening position of Rs. 126.48/52.
"There was some thin importer demand," a currency dealer said.
The secondary Treasury bond market came to a standstill yesterday, dealers said with yields unchanged across most maturities with the exception of the year yield which closed down at 11.50/54 percent from 11.55/60 percent last Friday.
"After the inflation numbers came out last week, bond holders seem to be adopting a wait and see attitude," a dealer said.
Inflation accelerated to 7.3 percent in May from 6.4 percent in April largely due to the electricity price hike.
"The good news is that rupee liquidity was positive in the banking system with an excess position of Rs. 18 billion," a dealer said.
The benchmark Colombo All Share Index closed 11.38 points lower at 6,451.68 and the S&P SL 20 Index closed 10.73 points lower at 3,635.59 down 0.29 percent.
Turnover was 752 million rupees up from 731 million day earlier.
Foreigners brought 403 million rupees worth shares while selling 60 million rupees of shares, in a day that 91 stocks advanced and 112 stocks declined.
Ceylon Tobacco contributed most closing at 1,000.00 rupees up 14.60 rupees helped by a crossing of 50,000 shares at a price of 1000 rupees per share.
Chevron Lubricants Lanka closed at 345.20 rupees up 16.90 rupees. Since end of April LLUB has gained 95 rupees. LLUB is expected to rise to 350.00 rupees per share by the end of the year while the stock is overvalued brokers said.
United Motors recorded a crossing 2.4 million share at a price 120 per share to close at 121.00 down 40 cents.
John Keells Holdings lost 1.50 rupees to close at 283.50 rupees and Nestle Lanka closed at 1,997.60 rupees down 3.10 rupees.
Hatton National Bank closed at 167. 00 rupees down 2.90 rupees, DFCC Bank closed at 142.00 rupees down 02.90 rupee and National Development Bank closed at 174.10 rupees down 2.80 cents.
Pan Asia closed flat at 21.00 rupees. Union Bank of Colombo closed at 19.10 rupees up 30 cents and Sampath Bank lost 2.90 rupees to close at 220.10 rupees and Commercial Bank of Ceylon closed at 122.00 down 1.30 rupees.
LB Finance closed at 134.40 rupees up 4.50 rupees and Peoples Leasing and Finance closed at 14.80 rupees down 10 cents.
The Lion Brewery lost 10 cents to close at 410.00 rupees down 9.90 rupees and Distilleries Company lost 1.90 rupees to close at 201.50 rupees.
Aitken Spence closed at 135.00 up 1.00 rupee. Browns Investments closed flat at 3.50 rupees.
Softlogic Holding closed at 11.70 rupees down 10 cents and Vallibel One closed flat at 19.70 rupees down 10 cents.
Sri Lanka Telecom closed at 43.00 rupees up 50 cents and Dialog Axiata closed at 142.00 down 2.90 rupees.
- Director - Equity Analytics
- Posts : 6087
Equity Stars : 13177
Reputation : 770
Join date : 2012-02-14