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.

Wednesday, January 12, 2011

Rubber goes up up up!

Colombo Rubber Auction saw another day of superior prices, as rubber prices hit Rs.609 per kilo in the yesterday's auction. The average price of the Latex Crepe 1X was around Rs.605.

According to commodity brokers, the increase in prices is due to internal demand for rubber in China and India and increased vehicle production led by these two economies. The supply of rubber has seen a decrease due to adverse weather conditions in major rubber producing countries.