DAILY MARKET REVIEW19/03/2010 - Colombo Stock Market was down today for the fifth consecutive day due to retail profit taking in selected counters & most importantly many investors sold their other stocks in order to fund for the KHL rights issue.
ASI was down by 10.27 points to close at 3744.92 & Milanka price index was down by 0.37 points to close at 4319.22.
Turnover for the day was Rs 576 m.n.
Stores & supplies sector reported the maximum gain from the sectors by reporting a growth of 9.46 % followed by Food & tobacco sector.IT sector was leading the negative gainers sector today.
There were 38 positive counters as against 89 negative counters.
TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY
LARGE VOLUMES FOR THE DAY
CROSSINGS FOR THE DAY
CLOSER LOOK
- Many investor decided to sold their holding /part of holding in order to fund to the KHL rights issue,which is one of best investment opportunities had in the Colombo Stock Exchange.
- Light house hotel will give investors another great opportunity to get a better return withing a period of medium to long term.
- This is a very good opportunity to the investors go for bargain hunting @ the CSE.
- Price improvement in conglomerate JKH by Rs 2.00 to close at Rs 172.00 was a positive factor in the market today.
2 comments:
Will this keep going down till elections?
Hi,
Market came down mainly because of KHL rights.Investors decided to sell their holdings in other companies to subscribe to KHL rights,since its a good investment.
Market should recover next week.
Thanks.
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