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.

Wednesday, December 23, 2009

STOCKS DOWN ON PROFIT TAKING

23/12/2009 - Shares of the Colombo stock exchange took a breath today due to profit taking some of investors ahead of the festival season. ASI dip by 14.82 points & the liquid Millanka by 12.69 points. There were 95 negative performers as against 47 positive contributors. Turn over for the day was healthy & it was Rs 1.3 b.n once again dominated by local investors.

Dates for the subdivision was announced by the RHL . As we predicted voting share appreciated by Rs 7 to close at Rs 130 & the RHL X was up by Rs 6.50 closed at Rs 102.50. We believe that these two have further room to go up before the sub division. Other gainers were KHC (queens hotel- kandy) by Rs 6.25 & INDO a palm oil company in the carson group by Rs 25. etc. Losers lead by KFP & Acl plastics.