Bartleet monthly market round-up

The year dawned with a lot of political turmoil while the series of explosions continued throughout the month to make overall market sentiments weak and activity to be subdued to a great extent.

Investors stood on the sidelines and monitored directions while the indices fluctuated between marginal positive and negative boundaries. Daily Average turnover stood at a low Rs. 171mn.

The ASPI slipped 114.03 points (4.45%) to close the month at 2446.13 while the MPI slumped 259.9 points (7.71%) to end the month at 3113.07.

Both indices accelerated notably on investor speculation pertaining to military gains but failed to sustain the momentum. LCEM (Lanka Cement) drew lot of investor interest during the month vis-a-vis speculation that India’s Birla group might take over its defunct cement plant in Northern Jaffna.

Counters such as JKH, RCL, NTB proved to be investor favorites during the month after posting healthy financial results. DOCK too was among the heavily traded counters for the month on account of increased ship repair assignments and ship building orders.

Some of the ‘BMS Stocks in Focus’ that gained MoM were CTC (10.8%), LWL

(10.5%), DOCK (9.43%), KCAB (9.39%) & DIMO (8.97%).

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ASPI 4.45% 2446.13

MPI 7.71% 3113.07

BMSI 5.32% 2374.36

CTX10 5.31% 1452.26

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