SRI LANKA - COLOMBO SHARES UP BY 0.28% .- FOREIGNERS NET BUYERS

            DAILY MARKET REVIEW

08/03/2010 - Colombo Stock Market was up today by 10.89 points to close at 3835.06 & More liquid Milanka price index was up by 6.26 points to close at 4393.89.

Investment trust led the sectors.It improved 2.24% over the previous day & Hotels & travels was next in the line with a growth of 1.75%.

Turnover for the day was Rs 837 m.n.led by retail investors.

Foreigners were net buyers today by Rs Rs 16 m.n.They purchased shares to the value of Rs 82 m.n. & sold shares worth of Rs 66m.n.

Most of high valued shares up on thin volumes today. Retailers go after low valued stocks & Hotel counters which have a better future ahead on back of improved tourist arrivals to the country after the 30 years old civil war.

Plantation sector reflected a negative growth of 0.69 %. However ever increasing crude oil prices in the world market will benefit the Rubber & Oil palm Plantation companies in future.Crude oil prices now trading above us$80 / Barrel.

Today COCO lanka both voting & Non voting shares commenced trading after its succeful rights issue of 5:7 Voting shares @ Rs 35/& Non voting shares @ Rs 25/share.During its first trading day Non voting share closed at Rs 30,giving a return of 20 % for the investors who subscribe to the non voting shares. It peaked Rs 33 at mid trading session as well.

There were 66 gainers as against 74 negative contributors.

     TOP FIVE GAINERS TODAY                                    TOP FIVE LOSERS TODAY

   LARGE VOLUMES FOR THE DAY

 ANNUAL REPORTS FOR THE YEAR ENDED 31/12/2009

CROSSINGS FOR THE DAY

CLOSER LOOK

• Hotel sector shares improved today anticipating a recovery in the bottom line of the hotel companies as predicted due to increased tourists arrivals.

• COCO(X) gave a return of 20% to the investors.The value of investing in COCO was mentioned by us on several times previously.

• KHC is in today's top gainers list.It's two hotels - QUEENS HOTEL & HOTEL SUISSE are most valued hotel properties located in the heart of Kandy city.

• HOT WEATHER condition prevailing now creates  an uneasiness for the  investors. We have to find out HOT STOCKS to arrest  this Hotness  to get COOLED.

• How about -  Cargills, CCS, KOTMALE.

• For the last several weeks Large parcels of DIMO changed hands. Better to have a closer look at this share.

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