02/12/2009 - Colombo share market crossed 3700 mark for the first time in it's history today. ASI was up by 17.74 points to close at 3709.13 & more liquid Millanka index was up by 6.2 points to close at 4265.21.Turnover for the day was Rs 1.5 b.n.
Foreigners were net sellers for the day as usual. Net foreign out flow for the day was Rs 133 m.n. Foreign purchases were Rs 150 m.n. & foreign sales were Rs 283 m.n.
Retail investors were active today & they continue to bet on plantations due to the improved prices fetched for the Tea, Rubber & Palm oil. We mentioned this on our report " It's plantation time now at colombo stock exchange" on 30th January 2010.
There were 94 positive gainers as against 54 negative contributors.
Investors were upbeat on December quarter earnings released so far & accumilate stocks that have future growth potential before the foreigners/ Foreign funds arrive to the market.
TOP FIVE GAINERS TODAY TOP FIVE LOSERS TODAY
CROSSINGS FOR THE DAY
The Colombo Share Market has risen 9.4 percent so far this year, the best in Asia, after being one of the world's best-performing markets in 2009, jumping 125.2 percent on post-war optimism.
Sampath bank & Kelani cables announced sub divisions for its ordinary shares.
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