Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, April 5, 2010

Sri Lanka - Colombo Share Market reports continuous growth

DAILY MARKET REVIEW

05/04/2010 - Colombo Stock Market was up by 0.94% today on back of retail buying interest in to Mid cap stocks, Plantations, Selected Hotel companies ,& Blue chip companies, ahead of New Year celebrations & Parliament Elections.

The benchmark ASI was up by 35.40 points to close at 3781.90 & the more liquid Milanka Price index was up by 20.25 points to close at 4348.95.

Turnover for the day was remaining low at Rs 681m.n. due to market liquidity short falls, where most of investor’s money being tied in Right issues & IPO s.

What was significant in today’s trading session is the Net foreign inflow of Rs 89.1m.n. worth of shares.

Plantation sector was leading the sectors with a growth of 5.09% on back of the share price improvement of all the plantation companies, followed by the Oil Palm sector due to price increase in Bukith Darah an Oil palm company.

The Construction & Engineering sector was leading the negative performances sector today, due to price decline in Colombo Dockyard & Company.

There were 101 positive gainers as against 25 negative performers.

DIVIDEND ANNOUNCEMENTS

COMPANY	TRADING PRICE	DIVIDEND RATE (Rs )	XD DATE	DIVIDEND YIELD %
EAST	13.50	1.00	16/04/2010	6.67

LWL	75.50	1.00	15/04/2010	1.19

LLUB	173.25	3.00	15/04/2010	2.00

AHPL	134.50	1.00	09/04/2010	0.67

CLOSER LOOK

Today we saw renewed buying interest for shares of Plantation companies due to the prevailing high Natural Rubber prices fetched in the world market. Ever increasing crude oil price is one of the main reasons behind the price increase in Natural Rubber prices. High oil prices may lead to increase the Palm oil prices as well.

Crude oil price has passed US$ 86 /Barrel in the world market.

Sri lanka Jan - Feb tea crop soars by 69% is one of another reason to improve the shares of Plantation companies.

We strongly believe that Rubber + Tea + Oil Palm plantation companies will have a great future ahead.

Most of Blue Chip companies have attracted investor attention ahead of New year & Elections, where we believe that there will be a market boom in the latter part of the month of April & early part of May 2010.