DAILY MARKET REVIEW11/03/2010 -Colombo Stock Market was up today on back of retail buying & High net worth individuals buying in to selected stocks. ASI was up by 31.08 points to close at 3832.30 & more liquid Milanka price index was up by 42.39 points to close at 4428.06.
Turnover for the day was Rs 1.2 b.n.
Today most of sectors reported gains. However the Investment trust sector led the gainers list due to the price appreciation of GREG share.Next in the list was Foot ware & textiles & followed by Power & energy sector.
Foreigners were net sellers by Rs 108 m.n.The reported foreign purchases were Rs 300 m.n. & Foreign sales were at Rs 408 m.n.
There were 91 gainers as against 41 losers in the market.
Today MGT announced Rs 1.00 dividend for its share holders.
TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY
LARGE VOLUMES FOR THE DAY
CROSSINGS FOR THE DAY
CLOSER LOOK
- JINS large volumes changed hands today. There is a RUMOR of merge of another company with JINS. price may appreciated further.
- Large volumes of SERV traded today. In this share also there is a RUMOR of large transaction to be done @ a higher price than the today's closing price.
- CSEC also traded in large volumes. It peaked Rs 12.75 few weeks back & a RUMOR of expecting a high dividend. It reported improved profits for the period ended 31/12/2009.
- GREG share has reported continuous strong buying today as well.This will continue in future as well.
- Shares of CFLB group CIT, CFLB, MOVED UP TODAY. Expect further price improvements in shares of this group near future.
- Today large volumes of Banking sector shares change hands.
- Coco lanka both N & X class shares moved up today from its supported levels of Rs 40/- & Rs 30/-respectively.
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