SRI LANKA SHARE MARKET DOWN BY 1.31% DUE TO PROFIT TAKING + POLITICAL UNCERTAINTY

10/02/2010 - Colombo Share Market was down today mainly due to profit taking & the political uncertainty of the country. ASI was down by 49.50 points to close at 3727.84 & the more liquid Milanka index was down by 72.27 to close at 4263.53.

We noticed that the profit taking among the investors  across the board due to recent sharp gains in share prices was the main reason to market perform negatively last three days,not the political uncertainty prevailing in the country,since all the Sri lankans lived with uncertainty for the past 30 years. We believe that we know very well than foreigners how to handle the uncertainty situations in our country.

Turnover for the day was Rs 1.4 b.n. However today we saw  a positive sign in the market that after a  considerable  period foreigners were net buyers in the market. Net foreign inflow for the day was Rs 47 m.n. Foreign buying were at Rs 180 m.n. & foreign selling was at Rs 133 m.n.

There were 26 positive gainers as against 133 negative counters.

    TOP FIVE GAINERS TODAY                                            TOP FIVE LOSERS TODAY

    CROSSINGS FOR THE DAY

    PROFIT FOR THE NINE MONTHS ENDED 31/12/2009

    ANNUAL PROFITS AS AT 31/12/2009

 Eagle insurance company has declared Rs 9.00 per share as the final dividend.