SRI LANKA - SHARE MARKET DOWN DUE TO PROFIT TAKING

03/02.2010 - Colombo share market was down today due to profit taking by the investors.ASI was down by 11.33 points to close at 3697.80 & te Millanka was down by 25.64 points to close at 4239.57. We can see renewed buying interest in several mid cap counters & the companies which posted above average profits for the December quarter.
Turnover for the day was Rs 1.6 b.n.
There were 63 positive counters as against 91 negative counters.

Foreign participation was at a minimal level today,where foreign purchases were at Rs 226 m.n & foreign sales were at Rs 383 m.n. Net foreign out flow reported for the day was Rs 157 m.n.

Colombo markat has risen 9.2 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 & has risen 3 percent since the election ended.
    TOP FIVE GAINERS FOR THE DAY                             TOP FIVE LOSERS FOR THE DAY

CROSSINGS FOR THE DAY

Today there were several big parcels of OSEA & RCL changed hands. Further Cargills ,Chevron,Ahungalle, Hnb x also changed hands as crossings.

This is a good signal for all of investors to follow these share counters as we could expect price appreciations
in these counters in future.