Lanka Securities Market Round up 29 July 2015

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Lanka Securities Market Round up 29 July 2015

Post  Melissa Pereira on Thu Jul 30, 2015 10:09 am

Colombo bourse closed above 7,300 mark for the first time in five months as investor sentiment build up in anticipation of political stability after the parliamentary polls scheduled to be held in two weeks’ time. Benchmark index bagged 52.90 index points or 0.73% to close at 7,313.97 while 20-scrip S&P SL index retook the 4,100 index mark to end at 4,105.08, incline of 27.19 index points or 0.67%. Accordingly year-to-date main index return and S&P SL20 index return flipped back to greener territory, recording an increase of 0.2% & 0.4% respectively.

Bourse continued to trade higher led by sustained buying in blue-chips such as Ceylon Tobacco (closed at LKR 949.00, +3.7%), John Keells Holdings (closed at LKR 197.50, +1.2%), Access Engineering (closed at LKR 27.50, +10.0%) and Distilleries (closed at LKR 290.00, +1.7%).

Daily market turnover surged to 11 week high of LKR 3.6bn, lifted by single crossing of 1.2mn shares in Ceylinco Insurance which changed hands at LKR 1,602.00. Ceylinco Insurance grabbed 53% of the total turnover with LKR 1.9bn. Numerous off-the-floor dealings were recorded in John Keells Holdings (0.9mn shares at LKR 198.50), Bimputh Finance (1.6mn shares at LKR 61.00) and Lanka Walltiles (0.2mn shares at LKR 130.00). Aggregate value of crossings accounted for 60% of the total turnover.

John Keells Holdings (LKR 278mn), Bimputh Finance (LKR 156mn), Textured Jersey (LKR 118mn) and Access Engineering (LKR 103mn) were next best contributors to the turnover.

Reflecting the optimistic sentiment, 154 counter advanced against 69 declines while 34 remained unchanged. Cash map increased to 55% from 44%. 22 counters managed to reach 52wk high prices while only Union Chemicals (LKR 450.00) and Ceylon Leather Products – warrant 14 (LKR 0.10) dropped to 52wk low price levels.

Poultry sector counters continued show gains where Bairaha Farms (LKR 139.90), CeylonmGrain Elevator (LKR 65.30) and Three Acre Farms (LKR 82.00) step to a fresh 52wk high prices. Additionally, finance segment scripts such as Softlogic Finance (LKR 57.00), Vallibel Finance (LKR 66.50), Abans Finance (LKR 38.90), Citizen Development Business Finance voting (LKR 111.00) and non-voting (LKR 95.00) advanced to 52wk highs.

High investor interest continued roll in to John Keells Holdings where all three counters witnessed increases. Warrant 0022 and warrant 0023 advanced to LKR 34.00 (+5.3%) and LKR 43.00 (+6.7%) respectively. Meanwhile, Access Engineering, HVA Foods, MTD Walkers and Textured Jersey attracted heavy investor preference during the session.
Please refer the link for more details- http://www.lsl.lk/pdf/research/marketroundup.pdf

Melissa Pereira

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