Thursday, December 31, 2009

SRI LANKA STOCK MARKET ASIA'S BEST PERFORMER

The performance made for the year 2009 the Colombo Stock Exchange Asia’s best performing bourse, and the world’s second best behind Russia, according to a ranking by Bloom berg news wires.

 Sri Lankan shares ended an eventful 2009 at a record high of 3,385.55 points, up 0.86 percent (28.96 points) Wednesday, and up 128 percent for the year, outperforming all other exchanges except Russia, brokers said.
The more liquid Milanka closed at 3,849.38 points, up 0.75 percent (28.81 points), according to provisional stock market data.Turnover was 765.4 million rupees.
Top gainers were Carsons by massive Rs30.50 to close  at Rs 490.50,Greg warrants 0000 & 0001 by Rs 5.00 & 5.25 to close at Rs 35.25 & 37.25 & Hexp by 4.25 to close at 35.25.
There were 98 positive contributors as against 47 negative contributors.

“Selected blue chips with adequate free float liquidity and good earnings in the September quarter continued to be preferred by investors ahead of the New Year,” Nikita Tissera, research manager at stock brokering firm SC Securities said.

“We expected more foreign fund inflows after the presidential elections next year 2010.


source- www.lbo.lk

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