11/05/2010 (S.L.S.Picks) – Colombo Stock Market closed almost flat today where All Share Price index was down by marginal 6.82 points to close at 4215.22 & the Millanka Price Index was up by 0.83 points to close at 4747.81 points.
Turnover for the day was healthy Rs 1.4b.n. Well supported by the bargain hunting by the retail investors, High Net Worth individuals, & Institutional investors.
Foreign participation was at a low level. However foreigners remain as net buyers for the day by Rs 58m.n
Foreigners purchased Rs 178m.n. worth of shares & sold shares worth of Rs 120m.n.for the day.
IT sector rose by 23.46% due to share price increase in E – Channeling, followed by Investment Trust sector. Stores & Supplies sector was the leading sector in the negative performers list.
There were 62 positive contributors as against 100 negative contributors for the day.
- Union Chemicals Final dividend of Rs 5.00 /share
- Market is consolidation at ASI 4200 levels which is at it's history best levels before start of the next upward momentum.
- Three crossings of LOLC & John Keels Hotels took placed today. LOLC share price appreciated substantially expecting improved performance for the last quarter.
STOCKS TO WATCH
- Rchard Pieris & Company
- Colombo Land
- Hemas Holdings