By Paneetha Ameresekere
Ceylon Finance Today: The bourse fell for the 11th consecutive day at yesterday's trading, beating a dubious record which it last held seven years ago in 2008 and coming close to equalling another dubious record it last made eight years ago, when it fell for 13 consecutive days, market sources told Ceylon FT.
The market fell for 10 consecutive days, that is, from 25 June to 8 July, 2008 previously. Meanwhile, the bourse fell for 13 consecutive market days, from 27 April to 17 May, 2008, seven years ago. Yesterday saw the benchmark ASPI decline by 0.44% to 7,059.98 points and the more sensitive S&P SL 20 Index by 0.31% to 4,035.54 points on a Rs 582.9 million turnover.
Meanwhile, in the 11 consecutive market days up to yesterday, shareholder wealth lost has amounted to Rs 112.4 billion, bringing down market capitalization (market cap) to Rs 2.9886 trillion. The last time market cap went under the Rs 3 trillion mark was more than a month ago on 5 February, with a figure of Rs 2.9860 trillion. The single biggest contributor to yesterday's turnover was JKH, the market's largest capitalized stock with Rs 197.7 million. But in the process JKH saw its share value decline by 0.92% to Rs 205 a share, on a share volume of 964,107. JKH is also captured on the S&P.
The only silver lining was the continuous inflows of net foreign inflows (NFIs) into the bourse, with a figure of Rs 204.2 million yesterday. This takes NFIs in the year to date to Rs 3.1 billion (US$ 23.3 million). Calculations are made on the basis that one US dollar is equivalent to Rs 132.90, in administered, interbank spot trading.
Yesterday's trading saw 49 losers as opposed to 123 gainers
www.ceylontoday.lk
Ceylon Finance Today: The bourse fell for the 11th consecutive day at yesterday's trading, beating a dubious record which it last held seven years ago in 2008 and coming close to equalling another dubious record it last made eight years ago, when it fell for 13 consecutive days, market sources told Ceylon FT.
The market fell for 10 consecutive days, that is, from 25 June to 8 July, 2008 previously. Meanwhile, the bourse fell for 13 consecutive market days, from 27 April to 17 May, 2008, seven years ago. Yesterday saw the benchmark ASPI decline by 0.44% to 7,059.98 points and the more sensitive S&P SL 20 Index by 0.31% to 4,035.54 points on a Rs 582.9 million turnover.
Meanwhile, in the 11 consecutive market days up to yesterday, shareholder wealth lost has amounted to Rs 112.4 billion, bringing down market capitalization (market cap) to Rs 2.9886 trillion. The last time market cap went under the Rs 3 trillion mark was more than a month ago on 5 February, with a figure of Rs 2.9860 trillion. The single biggest contributor to yesterday's turnover was JKH, the market's largest capitalized stock with Rs 197.7 million. But in the process JKH saw its share value decline by 0.92% to Rs 205 a share, on a share volume of 964,107. JKH is also captured on the S&P.
The only silver lining was the continuous inflows of net foreign inflows (NFIs) into the bourse, with a figure of Rs 204.2 million yesterday. This takes NFIs in the year to date to Rs 3.1 billion (US$ 23.3 million). Calculations are made on the basis that one US dollar is equivalent to Rs 132.90, in administered, interbank spot trading.
Yesterday's trading saw 49 losers as opposed to 123 gainers
www.ceylontoday.lk
No comments:
Post a Comment