DAILY MARKET REVIEW01/03/2010 - Colombo Stock Market was up by 0.46 % on back of retail buying in to Blue chips & selected Mid cap stocks. ASI was up by 17.44 points to close at 3825.30 & Milanka price index was up by 35.88 to close at 4390.61.
Market is now at All time high levels.
Turnover for the day was Rs 1.0 b.n.
Foreigners participation was at a low level,where foreigners purchased shares to the value of Rs 59 m.n. & sold shares to the value of Rs 74 m.n. thus reflecting a net outflow of Rs 15 m.n.
As we mentioned in our previous daily market reviews, due to the better than expected results released by the listed companies in Sri Lanka market will further go up in coming weeks.
Seylan Merchant Bank informed, it was changing its name to SMB Holdings and splitting each existing share in to ten new shares today.
There were 87 price gainers as against 63 losers today.
Colombo Stock Exchange is still up 13 percent so far this year.
TOP FIVE GAINERS FOR THE DAY TOP FIVE LOSERS FOR THE DAY
LARGE TRADES FOR THE DAY
ACCOUNTS FOR THE 12 MONTHS ENDED 31/12/2009
CROSSINGS FOR THE DAY
CLOSER LOOK -
- Today we saw massive price improvements in some illiquid shares in the market.If you take the N.A.V. of these shares it was very clear that the the trading price of these shares are well below their N.A.Values.
- Eg: KHC, PHAR ,SHAW, HDFC, SINI Represent the top gainers list today. Check for more companies of this kind from the market.
- SHAW has reflect a sudden upward movement for the last two days.
- Today we saw some price movements of shares of Singer group of companies, Singer Sri lanka , Regnis & Singer industries.
- Banking & hotel sector shares performed well in the market today.
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