Monday, February 1, 2010

SRI LANKA - PLANTATION RALLY HELPED THE MARKET TO POST RECORD GAINS

                                                          See Report on Plantations

01/02/2010 - Colombo Stock Market was up today with the backing of local investors who chased Plantation stocks as the Tea ,Rubber & Palm oil prices fetched record prices in the world market. This was reported by us on our report "It's plantation time now" & recommend investors to buy plantation stocks well in advance to get the maximum benefits before releasing of the profit figures by the companies.
ASI was up by 54.98 (1.51%) points to touch a new record close at 3691.39 & Millanka was up by 77.22 (1.85%) points to close at 4259.01.

Turnover for the day was Rs 2.9 b.n.

Local investors were active on the market . Foreigners were net sellers & the net foreign out flow was Rs 729 m.n. Foreign purchases were Rs189 m.n. & foreign sales were Rs 910 m.n.

There were 107 positive contributors as against 41 negative contributors.

Tokyo cement voting counter came to market today morning after the sub division of its shares.. As we predicted on our report  "Tokyo will commence trading today" it gave trading opportunities to the investors as the share commenced  trading at Rs 34.50 & peaked Rs 39.75 on large volumes during the mid day trading & closed at Rs 37.50.
Colombo Stock Exchange  has risen 9 percent so far this year after being one of the world's best-performing markets in 2009, jumping 125.2 percent.

         TOP FIVE GAINERS TODAY                                         TOP FIVE LOSERS TODAY



     CROSSINGS FOR THE DAY


ACCOUNTS FOR THE NINE MONTHS ENDED 31/12/2009 (UNAUDITED)

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