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Colombo stocks begin month to month operations on a negative note

Tuesday, June 2, 2015

Colombo values began month to month operations on a negative note where both records shed robust returns in the midst of blended corporate profit. Fundamental list declined by 25.10 record focuses or 0.35% to end at 7,195.19 recording an one month low while 20-scrip S&P SL file declined underneath 4,000 imprint following six weeks, shedding 14.49 file focuses or 0.36% to end at 3,986.17.

Value deteriorations in high topped counters, for example, Nestle Lanka (shut down at 2,149.00, -2.3%), Aitken Spence Hotels Holdings (shut at LKR 75.60, -6.8%), Distilleries (shut at LKR 275.10, -1.5%) and John Keells Holdings (shut at LKR 194.00, -0.6%) influenced file execution adversely.

Day by day market turnover was LKR 731mn. John Keells Holdings rose as top patron to the turnover with LKR 161mn supported by a solitary intersection of 0.1mn shares at LKR 194.70. Intersection represented 3% of the aggregate turnover.



Hatton National Bank, Seylan Bank and Kelani Cables were next best givers to the turnover with LKR 65mn, LKR 33mn and LKR 31mn separately.

Out of 257 counters, 128 declined, 80 progressed and 49 counters stayed unaltered. Money guide declined to 50% from 55%. 8 counters figured out how to achieve 52wk high costs while 12 counters touched 52wk low value levels.

Eastern Merchants, John Keells Holdings and Sierra Cables were intensely exchanged amid the session. Eastern Merchants counter progressed to LKR 12.60 (+21.2%) yet shut at LKR 12.00 (+15.4%), ensuing to the positive income discharged.

Industry segment stocks, for example, Alufab (LKR 52.00), Kelani Cables (LKR 104.50) and Lanka Walltiles (LKR 123.00) came to 52wk high value levels. Further, counters, for example, Central Industries, Asian Hotels & Properties and Hemas Holdings progressed bolstered with the profits declarations.

In the mean time, counters, for example, Lanka Orix Leasing Company, CIC Holdings, Tokyo Cement, Alliance Finance Company and Convenience Foods propelled amid the session ensuing to the positive income discharged.

Outside speculators were net purchasers snapping four day losing streak with a net remote inflow of LKR 40mn. Remote interest was 30%. Net remote inflows were found in John Keells Holdings (LKR 25mn), Hemas Holdings (LKR 13mn), Tokyo Cement non-voting (LKR 6mn) while net outside surge was essentially seen in Seylan Bank (LKR 5mn).

Lanka Securities Research

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