LARGE VOLUMES TRADED LARGE TRADES FOR THE DAY
CROSSINGS FOR THE DAY
Environmental Resource Investment company share price came down today due to the expiry of rights issue dates.
Due to this shares of most of other companies also came down.Further retailers continue to book profits in the market ahead of General Elections & New year as well.We also witnessed there were some degree of forced selling by several broker firms in order to maintain the required margins of their clients.All of these factors led market to perform negatively today.
This is a very good opportunity for the new investors to enter to the market,since prices most of valued shares were @ attractive levels.Existing investors have a great opportunity to average or minimize their cost of the portfolio by purchasing shares of fundamentally strong companies @ reduce prices.
Commercial bank of Ceylon has announced a subdivision it's ordinary shares on the basis of 1 share for every 02 shares held today.
As per the Colombo Stock Exchange, the recently concluded two IPO'S were fully oversubscribed.These companies together with other companies which have announced the rights issues had tied up the cash flows of the investors.This is one of another reasons for the negative performance of the market today.
- see more - Rubber price breaks 58-year record