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, January 18, 2010

SRI LANKA SHARES DOWN DUE TO PROFIT TAKING - BUT REPORTED A HIGH TURNOVER

18/01/2010 - Sri lanka shares lost its upward direction today due to profit taking.ASI was down by 34.59 points to close at 3528.55 & the Millanka index was down by 25.26 points to close at 4074.02. The turn over for the day was Rs 1.7 b.n. which was mainly supported by two large parcels of Lven at Rs 18. Buyer was ACUITY PARTNERS & the seller was HNB & DFCC.
To day we saw a 37.06% price appreciation by the KAPI an engineering company which is engaged in road development activities / construction activities/ supplying machinery to tea industry etc.
A press release from the company said that MTD Capital bhd, the major share holder of MTD Walkers Plc (KAPI) is evaluating various options of restructuring the MTD Group investments in Sri lanka. The major share holder of the company MTD Capitalbhd owned more than 90% of the company. KAPI Last Q profits (30 sep 09) was up by 624% & reported Rs 16.1 m.n. as against Rs 2.2 m.n. a year earlier.

To day there were only 44 positive contributors as against 112 negative contributors.

TOP GAINERS FOR THE DAY TOP LOSERS FOR THE DAY