Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Tuesday, March 2, 2010

SRI LANKA - COLOMBO SHARE MARKET WAS DOWN DUE TO PROFIT TAKING - FORIEGNERS WERE NET BUYERS TODAY

DAILY MARKET REVIEW

02/03/2010 - Colombo Share market was down by 0.12 % due to profit taking taking. ASI was down by 4.64 points to close at 3820.66 R more liquid Milanka index was by 1.05 points to close at 4389.56.

Turnover for the day was Rs 1.5 b.n. supported by participation of institutional & foreign buyers.

Today foreigners were net buyers in the market by Rs 38 m.n. Foreign purchases were Rs 340 m.n. & foreign sales were Rs 302 m.n.

Shares of Ceramic companies attracted investor interest today & share prices of most of companies in this sector improved over last day's closing prices.

Colombo Market is still up 13 percent so far this year, following a 125 percent rally in 2009.

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

LARGE TRADES FOR THE DAY

CROSSINGS FOR THE DAY

ANNUAL REPORT FOR THE YEAR ENDED 31/12/2009

CLOSER LOOK

Large blocks of HNB Assurance change hands @ Rs 60/-per share today. We have identified HASU one of stock picks for the future from the banking & insurance sector.

Lanka walltile 1.25 m.n. shares change hands today @ Rs 80/- per share. Better to have a closer look at this share in future since the price may go up further in coming days.

Share price of NAVF improved today by Rs 4.00 to close at Rs 54 after reaching Rs 60. during mid day trading. Net asset value of the fund is Rs 60.71.