04.03.2010 - Colombo Share Market was by 0.84% or 31.82 points to close at 3805.85 as predicted by us through our "Daily market review " Yesterday. Milanka price index was up by 43.37 points to close at 4362.23
Today the market activities were backed by several large crossings which includes a big stake in Asian Alliance insurance changed hands.
Turnover for the day was Rs 1.6 b.n.
Once again foreigners were net sellers today by Rs 393 m.n. They purchased Rs 322 m.n. worth of shares & sold Rs 715 m.n. worth of shares
There were 76 positive contributors as against 61 losers.
TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY
LARGE TRADES FOR THE DAY
ANNUAL REPORTS FOR THE YEAR ENDED 31/12/2009
CROSSINGS FOR THE DAY
CLOSER LOOK
- Market was supported by several large parcels of AAIC , JINS, RHL changed hands & large crossings of CTHR & NDB etc.
- As we mentioned few days back, today's top five gainers list is represented by several illiquid company shares in the top 04 slots.
- We expect market to grow further up in coming weeks ahead.This is a very clear signal for us,due to the several large transactions that took in place today.
- We expect CTHR & NDB to perform well in short to medium term. Still the NDB share is one of best buys in the market.
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