Saturday, May 15, 2010

Bairaha Farms reported improved results for 2009 : Colombo Stocks up for the second day

                        DAILY MARKET REVIEW

14/05/2010 (S.L.S.Picks) – Colombo Stock Market closed for the week today by recording gains in both indices, where All Share Price index was up by 9.77 points to close at 4252.44 & the Millanka Price Index was up by 24.61 points to close at 4798.87 points.

Turnover for the day was healthy Rs 1.3b.n. Well supported by the retail investors, High Net Worth individuals, & Institutional investors.

Foreign participation was at a low level than previous day. Foreigners were net sellers by Rs 91m.n for the day.Foreigners purchased Rs 73m.n. Worth of shares & sold shares worth of Rs 164m.n.for the day.
Hotels & Travels sector rose by 2.06% followed by trading sector. IT sector was leading in the negative performers sector.

There were 68 positive contributors as against 67 negative contributors for the day.

  • During the week many listed companies in the Colombo Stock Exchange released their JAN – MARCH 2010 profit figures & most of companies showed improved results for the period.
  • Poultry companies listed in the CSE such as Bairaha Farms, Three acre farms , Grain Elevators recorded improved results for the last financial year 2009.We believe that this trend will continue in future as well due to the improved tourists arrivals to the country after the end of 30 year old civil war.
  • Touchwood company announced a share split of 01 in to 04 shares 

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