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Tuesday, March 30, 2010

Colombo Stock Market was down by 0.23 % due to retail profit taking

DAILY MARKET REVIEW

30/03/2010 – Colombo Stock Market was down today mainly as a result of the continuous retail profit taking & due to the price decline of the Environmental Resources Investments share.

ASI was down by 8.69% to close at 3765.07 & the more Liquid Milanka price index was down by 26.89 to close at 4364.33

Turnover for the day was Rs 800 m.n.

Foreign buying was visible today, where foreigners were net buyers for the day as well. Foreigners purchased shares to the value of Rs 301 m.n. & sold shares worth of Rs 125 m.n. Reported Net foreign inflow was Rs 176 m.n.

Health care sector was leading the sector’s table with a growth of 2.26%, followed by the Tile sector. Investment sector was the worst performing sector today with a decline of 4.92 % mainly as a result of the decline in price in the Environmental Resources Investment share.

There were 50 gainers as against 85 losers.

TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY

LARGE VOLUMES TRADED

ANNUAL REPORTS RECEIVED AS AT 31/12/2009

CROSSINGS FOR THE DAY

CLOSER LOOK

Colombo Stock Market is consolidating it's position these days ahead of the Parliamentary Election & the up coming New year.
After the month of April we can expect another bull run in the Colombo Stock Exchange.

Most of Blue chip companies have buyers @ current market prices,[see the crossings table today] which we believe is a positive thing.

Most of companies listed in the Colombo Stock Exchange may report their "history best" or "history highest" prices withing next couple of months / quarters.

Agricultural, Oil & Metal markets jumped yesterday in most parts of the world. Improvement of the prices of Agricultural products & Oil are positive signs for our Plantation companies.