Friday, June 18, 2010

Return From the Shares Listed in Colombo Stock Exchange Sri Lanka

(S.L.S.Picks) -We have selected following companies listed in the Colombo stock exchange which were represented the top price gainers list for the past week (11/06/2010 to 17/06/2010) to give you a basic idea of the value of investing in shares at Colombo Stock Exchange, which was rated as Asia's best performing stock market & World's second best performing stock market in year 2009. Colombo Stock Exchange is the best performing stock exchange in Asia so far for year 2010.

SEE THE RETURN FROM BELOW MENTIONED SHARES. THIS IS WITHING A PERIOD OF ONE WEEK.

THINK & INVEST NOW IN COLOMBO STOCK EXCHANGE-SRI LANKA STILL YOU ARE NOT LATE.


Stock
   Opening Price   (Rs)
    Closing Price (Rs)
Week On Week Change
                   %                                    
CLND (W)
7.25
11.00
51.72
DPL
13.75
20.50
43.09
LDEV
17.50
24.00
37.14
HDFC
192.50
258.25
34.16
GRAN
25.50
34.00
33.33
CLND
10.00
13.00
30.00
ASHA
105.00
133.00
26.67
YORK
18.25
22.25
24.66
MSL
153.00
185.50
21.24
LITE
6.00
7.25
20.83

POSITIVE ECONOMIC FACTORS
  • Central Bank of Sri Lanka has forecast a 6.5 % economic growth for the country in year 2010.
  • Stable government to adopt consistent economic policies in the country.
  • Expected boom in the Tourism sector in future. Tourist arrivals to the country has increased after the end of 30 year old civil war & already recorded a 50.3% growth so far for the year 2010. ( JAN - APRIL).
  • The Economic growth in future is expected to be well supported by the development activities in the Construction & the Agricultural sectors as well.
  • Sri Lanka Share Market (Colombo Stock Exchange)was ranked No 01 in Asia & second best in the world in 2009 in terms of growth. We are the best performing stock exchange in Asia so far for the year 2010.
  • Holding the International Indian film festival in Sri Lanka offered a much needed boost for the country'
  • Expected improved earnings  by the listed companies in future.
  •  Cricket Asia cup 2010 to be held in Dambulla Sri Lanka.
  • New hopes of approving the IMF third tranche loan facility withing  couple of weeks.
  • Sri Lanka heads powerful G15 summit,consists of 18 developing countries,which includes India, Brazil, Malaysia,Iran, Mexico,Argentina, Chile etc.
  • Sri Lanka will host the next G15 summit t in year 2012.
  •  Arrival of much awaited foreign funds to the Colombo Stock Exchange  after a laps of several months. They purchased a substantial stake in Commercial Bank of Ceylon, Hatton National Bank during the 1st week of June 2010.
  • Increase demand for Government Treasury Bonds by the foreign funds.
  •  Colombo has been selected to host several international business forums during this year.
  •  U.S. State Dept lifts travel warning on Sri Lanka, will be a great boost for the Country as a whole & for the tourism industry.
  • Tourist arrivals to the country have increased by 42.3%. Arrivals has risen for the 12th consecutive month since the end of the war as per the Reuters reports.Earnings from the tourism industry has also up by 68.8% to $ 174.9 for the first four months as per the central bank data.
  •  Low interest rates, Low inflation & Expected high consumer spending in future are the key factors to be considered when investing in the Colombo Stock Market.
  • Removal of the war risk insurance for Sri Lanka by the London Underwriters as a result of the end of 30 year old civil war in the Country.
  • Price-to-earnings ratio to be around 15 times by end of year 2010 as a result of the reported high earnings and growth by the listed companies. The 1st quarter corporate results reflects an improvement of over 175% over the same period in year 2009.
data - www.cse.lk

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