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.

Friday, April 29, 2011

Market trades in green

Share market traded in green yesterday but with relinquished gains.

ASI gained 13.87 points (+0.19 percent) and closed at 7,377.65 while the sensitive MPI gained 19.96 points (+0.29 percent) to close at 6,836.33.

The market turnover stood at Rs 2.1billion. Commercial Bank Plc (Rs.265.5 mn) was the top contributor to the turnover. One million shares of Commercial Bank changed hands yesterday as a crossing at Rs 265.00 per share. In addition Colombo Fort Land and Building Plc (Rs 218.1 mn) and Pan Asia Bank (Rs 193.4 mn) made noteworthy contributions to the daily turnover. Pan Asia Bank Plc (PABC) has announced a sub division of shares on the basis of one ordinary share for every existing issued one share. The counter was trading heavily with significant gains during trading hours. PABC closed Rs 60.00, up Rs 7.20.

Meanwhile, Free Lanka Capital Holdings Plc, Brown and Company Plc and Lankem Ceylon Plc were actively traded during trading.

Foreign participation was 13.05 percent of the total market activity. At the end of the day, foreign investors were the net sellers with a net foreign outflow of Rs 307.9 million. Lanka Securities Research

source - www.dailynews.lk