Thursday, March 18, 2010

SRI LANKA - COLOMBO STOCK MARKET WAS DOWN BY 0.35% DUE TO PROFIT TAKING

                               DAILY MARKET REVIEW

18/03/2010 - Colombo Shares down today for the third consecutive day due to profit taking.ASI was down by 13.10 points to close at 3755.19 & Milanka price index was down by 7.86 points to close at 4319.59.

Turnover for the day was Rs 1.7 b.n.led by local investors.

Foreigners were net sellers for the day.They purchased shares worth of Rs 364 m.n. & foreigners sold shares worth of Rs 728 m.n.

Chemicals & pharmaceuticals sector was leading in the sectors,which was improved by 0.43% followed by the Tile sector.Footwear & Textiles sector was the most affected sector,which was down by 2.37%

There were 34 gainers & 96 negative contributors.

      TOP FIVE GAINERS FOR THE DAY                              TOP FIVE LOSERS FOR THE DAY


  LARGE VOLUMES FOR THE DAY
 

   CROSSINGS FOR THE DAY



CLOSER LOOK
  • Several large deals of light house hotel took in place today morning. We believe that the investors who invest LHL shares  @ these price levels will be clear winners in the longer run.
  • The most encouraging factor was the large crossings that took in place in the JKH counter @ Rs 170
  • Seyb (x) counter traded in high volumes today.Share prices of both (N) & (X)  counters improved today. Seylan reported improved profits for the 2009  year [see report]& there was a RUMOR of a merge in SEYB
  • KHL rights came down today purely because of many stock brokering firms refused to lend to their clients to subscribe to the rights entitlement to convert these rights into shares @ Rs 10.00.
  • NDB BANK & Sri lanka telecom declared dividends today @ Rs 8.00/share & 0.25 cents /share respectively.
  • Market is a good place for the new comers & bargain hunters these days. There are several stocks that are trading at attractive price levels now.
  • Just to mention few AGAL ,BALA, BRWN, CTHR, HAYC, JINS, CSEC, NHL, OSEA, RAL, RICH,  TOKYO(N) etc...

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