Turnover for the day was Rs 856 m.n. down from Rs 1.3 b.n. reported yesterday.
Foreigners were net buyers today after a couple of trading days. Foreign purchases were at Rs 134 m.n & sales were at Rs 77 m.n.,reflecting a net foreign inflow of Rs 57 m.n.
There were 67 positive gainers as against 65 losers.
Today the market was dominated by NDB, GREG (both share & warrants),Nawaloka hospitals & Maskeliya plantations, etc.
Today the activity levels in the market had fallen, due to month end debt clearing operations by the most of the brokering companies & tomorrow being a half day for Colombo Stock Exchange.
However we expect market to perform well during next couple of weeks on back of above average results released by the listed companies & pending dividend payments by the companies.
Colombo Stock Exchange is still up 11.7 percent so far this year, following a 125 percent rally in 2009, the best in Asia.
- C.W.Mackie took a dip for the last couple of days from Rs 41.75 to Rs 38.00 levels. It touched Rs 43.00 mark during mid trading session as well 0n 19 th feb 2010.
- It seems to have built a strong support level @ Rs 38.00 level & around it.
- This kind of drop is a tremendous opportunity for any investors who did not have a chance to look at C.W.Mackie !
- Once the selling at these levels have dried up CWM will starts its upward journey.
- Now it has only 10 % shares in the market. (90% purchased by high net worth individual & Lankem group companies.)
- Profit growth for the Financial year 2009 was 224.37%.