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Sunday, December 16, 2012

CSE Peformance Summery - Week ending 14-12-2012

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Markets continued last week’s upward momentum to close the week with W-o-W gains. The ASPI gained 135.39 points (or 2.51%) to close the week at 5522.72 points. The MPI increased 2.98% (145.95 points) to close at 5045.20 points while the S&P SL 20 Index moved up 2.40% (70.94 points) to close at 3022.79 points.

Conglomerate JKH made the highest contribution to the week’s total turnover value, accounting for 11.33% or LKR 310.00mn of total turnover value. Hatton National Bank followed closely with a contribution of LKR 301.39mn (or 11.01%) while Commercial Bank accounted for 10.42% (or LKR 285.11mn) to the week’s total turnover value. Weekly turnover value increased 1.70% during the week to LKR 2.74bn in comparison to last week’s value LKR 2.69bn. The daily average turnover value for the week meanwhile amounted to LKR 547.35mn relative to LKR 538.18mn in the previous week. Market Capitalization for the week increased by LKR 51.65bn (or 2.50%) over the week to close at LKR 2120.43bn from the previous week’s close of LKR 2068.78bn. In terms of sectoral contribution to turnover value, the Banking and Finance sector led the week’s top contributors, accounted for 39.29% ( or LKR 1.08bn) with Hatton National Bank contributing 28.03% to total sector turnover. The second largest contribution in terms of sector was from the Beverage Food & Tobacco sector which accounted for 19.59% (LKR 536.21mn); the Diversified Sector meanwhile accounted for LKR 382.17mn (13.96%) over the week, aided by bluechip JKH.

The Banking and Finance sector dominated the weekly turnover volume too, accounting for 36.97% of total turnover volume as 45.16mn shares changed hands over the week.

The Telecommunications sector contributed 22.68% or 27.70mn shares, while 11.90mn shares (9.74%) changed hands in the Manufacturing sector. The Diversified (8.25%) and Hotels and Travels (4.50%) were also amongst the top contributors to turnover volume.

Beruwala Walk Inn topped the price gainers’ list rising 26.31% W-o-W to close at LKR 72.50 relative to last week’s close of LKR 57.40. Property Development PLC closed the week at LKR 51.20, to represent a W-o-W gain of 23.97% while Tangerine Beach Hotels gained 20.31% to close the week at LKR 84.10. CFI and Singalanka were also amongst the top price gainers for the week, gaining 18.79% and 18.60%, respectively.

Hunters & Company Ltd led the price losers’ list this week, as it declined 10.86% over the week to close at LKR 320.00 relative to last week’s close of LKR 359.00. SMB Leasing declined 10.00% to close at LKR 0.90 while Convenience Foods lost 9.06% over the week to close at LKR 125.50.