22/03/2010 - Colombo Shares down for the sixth consecutive day today.ASI was down by 1.92 points to close at 3743.00 & more liquid Milanka price index was up by 5.32 points to close at 4324.54 points.
Turnover for the day was Rs 538 m.n.due to retail profit taking.Low turnover levels & decline in the market witnessed for the last couple of day was mainly due to following facts.
- Investors sold their stakes / Part of their stakes in other companies in order to subscribe for the KHL right issue,which was an attractive offer for the investor commiunity.
- UP coming two IPO'S Raigam wayamba saltern & Vallible finance.
- Profit taking by the retail investors ahead of New year & Parliamentary Elections.
Today Motors sector was the leading sector which was improved by 2.70%, followed by by Tile sector. Footwear & textiles sector was the main negative performer today.
There were 40 positive contributors as against 85 negative contributors.
TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY
LARGE VOLUMES TRADED FOR THE DAY
CROSSINGS FOR THE DAY
COMMENTS
- Market was down marginally today.However it was visible that the retail investors were collecting shares of selected companies @ discounted prices.
- Future will be great for all the hotel companies in Sri lanka due to the increased tourists arrivals to the country.
- Large trades of John keels holdings were positive signs in today's trading sessions.
- Renewed buying interest was visible in Environmental resource investment shares & warrants today.
- Colombo land & Building shares improved by .25 cents , on large volumes.
No comments:
Post a Comment