STOCK FOCUS
21ST TO 24TH JUNE 2010
By Elton. P.Ebert
Investors are being provided many avenues for investments by way of
IPOs and Rights issues,many more of which are to follow. On offer now is
the 16.7 million Odel Ltd. share issue at Rs 15, which appears to be
drawing good interest.Reverting to the share market, certain shares have
slumped to attractive levels due to profit taking keeping prudent HNWIs
glued to their terminals.
Institutional investors were also busy especially in the banking and
hotels sectors. A local pension fund captured over 20 million shares in
Hotels Corporation on Monday 21st. Dialog and JK Holdings remained in
the front lines but with minor price fluctuations. Overseas Realty was
active most of the 4 days, with the weeks peak being Rs 20.75. Ceylon
Leather Products in which a RIGHTS and warrants was announced evoked
fair response. Ceylon Cold Stores and Bukit Darah were on the reverse,
but Hunters improved by Rs 200 to reach Rs 900 on 22nd.
MANUFACTURING
Over 1 mln ACL Cables were transacted on 21st,while fair interest
prevailed in Sierra Cables, Grain Elevators, Tokyo Cement - Non Voting
and Dankotuwa Porcelain. Transactions in excess of 14 mln shares of
Sierra Cables were effected on 23rd. Abans was at Rs 218.25
HEALTHCARE
Asiri Surgical and Nawaloka Hospitals were actively traded.
BANKS FINANCE AND INSURANCE
Seylan Bank Non Voting, Nation Lanka Finance (CSF), Sampath and NTB
were most favoured in this sector. LB Finance was on the fast track,
reaching Rs 148 on Thursday before closing at Rs 144.50.Commercial Bank
commenced trading on Monday after the recent share split.The Japanese
Apple fans were the first in the world to get the latest iPhone 4 on its
global debut. Apple states that it has sold over 50 million iPhones
since it was launched in 2007.
HEAVILY TRADED
1. Overseas Realty 22,781.300
2. JK Holdings 4,899.800
A summary of the more frequently traded stocks
Company Period
21th-24th June Previous May 2010
2010 Transaction End
Alliance Finance 445.00-450.00 397.50 397.50
Commercial Bank 193.75-184.50 - 248.75
HNB 291.00-292.25 294.00 250.00
Merchant Bank 29.75-29.25 294.25 250.00
Nations Trust 49.75-52.75 49.75 37.25
Ahot Properties 163.50-155.00 165.25 148.25
Distilleries 128.00-127.00 128.00 123.00
East West 13.00-12.50 12.75 11.75
PLANTATIONS
Horana 31.75-30.75 30.75 29.00
Kegalle 74.00-75.50 70.50 66.75
June 17, 2010 June 24, 2010
The All Share Price Index 4607.34 4601.55
The Milanka Price Index 5271.47 5290.17
Turnover last week: Rs. 7778 mln
Turnover this week: Rs. 11579 mln
Market Capitalisation: Rs. 1500 mln
Market Price Earnings Ratio: 23.9
FOREIGN ACTIVITY
Purchases : Rs. 1889 mln Sales: Rs. 2787 mln
ANNOUNCEMENTS
Ceylon Leather Products
RIGHTS
1 for 1 at consideration of Rs. 73
One warrant exercisable in 2011 at Rs. 102
Two warrants exercisable in 2014 at Rs. 118
Two warrants exercisable in 2015 at Rs. 142
DIVIDENDS
Onally Holdings Rs. 1.35 per share final payable July 14.
Central Industries Rs. 7 per share final payable Aug. 17
Printcare Rs. 2 per share final payable July 30.
York Arcade 30 cts per share first and final payable Aug. 9 |
