Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, December 28, 2009

COLOMBO SHARE MARKET UP 122% SO FAR THIS YEAR

Colombo share market is up today (28/12/2009), the bench mark index ASI by 52.13 points & the millanka price index by 31.78 points. The market turnover for the day was Rs 562 m.n once again driven by local investors.
Top gainers were Aitken spence by Rs 151.25 to close at Rs 1350 , Ceylon brewary by Rs 11.75 to close at Rs 107 & another carson group company Ceylon investment by Rs 16.75 to close at Rs 219.
High net worth individuals & institutional investors go behind blue chip companies & retailers more like to have mid cap stocks.

Sri lanka share market still trades lower in P.E. multiples than the most of the other countries in the region .
Trailing market price to earnings is the current price of a stock divided by last year's four quarters earnings per share.