Colombo Stock Exchange completed historic week.

CSE Top 5 Gainers & Losers for the week.

The week that ended on 30th July 2010 was a historic week for the CSE. Colombo main stock index ASI (All Share Price Index) crossed the important 5000 index points.

During the week ASI was up by 265.67 points to close at 5161.18. Milanka index gained 309.6 points to close the week at 5854.73. Total equity turnover for the week amounted to Rs 16.21 billion compared to 13.43 billion rupees reported previous week. Market PER increased to 21.62 from 20.50 last week.
Watapota Investments & GREG warrants were the highest percentage gainers for the week while Vidulanka, Asiri Central & Kuruwita Textile were among the highest percentage losers for the week.

In Banks Finance & Insurance sector, AVIVA NDB Insurance Plc was up by 77.50 to close at Rs 300.00 while Lanka Orix Leasing Company (LOLC) closed at Rs 400.00, up 75 rupees. Sri Lanka’s leading finance company Central Finance Plc was up by 57.75 to close at Rs 550.75. Sampath Bank closed at 12.75 higher at Rs 372.75.

Ceylon Cold Stores was the top gainer in Beverage Food & Tobacco sector while Distilleries Company of Sri Lanka Plc closed at Rs 137.75, up 11.75.
Aitken Spence Plc was the highest positive contributor within Diversified Holdings sector with Rs 224.5 gain to close at Rs 1924.50 while John Keells Holdings Plc closed Rs 18.25 higher at Rs 248.25. Richard Peiris Company Plc was up by 23.75 to end the week at Rs 115.75.

Kelani Valley Plantation & Namunukula Plantation was the biggest gainers in plantation sector with the gains of Rs 16.25 & Rs 11.00 respectively.  Kelani Valley closed the week at Rs 121.00 while Namunukula closed at Rs 67.75.

The recently concluded IPO, ODEL Limited shares will commence trading on 4th August 2010. 144 950 000 shares of ODEL will be listed on the Diri Savi Board of the Colombo Stock Exchange& will be classified under Footwear & Textile sector. ODEL issued 16.7 million shares to the public at Rs 15/- per share early this month & oversubscribed 63 times than offered quantity. Investors are expecting ODEL shares will start trading above Rs 20/- per share.

CSE the World’s best performing stock market.

Chart - bloomberg.com

Colombo Stock Market hits new high today by crossing 5000 index points but closed just below the 5000 at 4999.05 up 55.52 points for the day. Milanla index also gained 73.29 points to close at 5669.19. Today’s total equity turnover was amounted to 2.30 billion rupees.

Index heavy weight JKH & SLT were the top two contributors for today’s gains. JKH was up by 5.50 to close at Rs 240.00 while SLT gained 75 cents to end the day at Rs 37.00. AVIVA NDB Insurance Plc was up by seventeen rupees to close at Rs 237.00. Ceylon Cold Stores Plc closed at 330.00, up 27 rupees. 

Distilleries Company of Sri Lanka Plc was up by 1.25 with the release their annual report & closed at Rs 127.50. Dialog Axiata Plc closed unchanged at Rs 10.50 with over 16 million shares traded.  Dialog reported Rs 1.37 rupee profit for the last quarter after reporting repeated losses in previous few quarters.

Plantations stocks were still on bullish trend as Kegalle Plantations Plc was up by 5.50 to close at Rs 106.75 while Namunukula Plantations Plc closed 5.75 higher at Rs 66.75. Udapusellawa Plantations Plc closed at Rs 41.75, up 3.75.

Foreigners were net buyers today with 335.6 million purchases & Rs 279.4 million sales. Retailers are expecting more foreign funds will come in to the market within next few months. 

Another positive day for CSE.

CSE All Share Index (ASI) is getting closer to 5000 mark & hopefully it will cross this important index level within current week. ASI closed at 4943.53, up 48.02 points while MPI gained 50.77 points to close at 5595.90. Turnover was 2.09 billion rupees.

Diversified Blue Chip John Keells Holdings Plc was up by 4.50 to close at Rs 234.50 while Hemas Holdings Plc closed at Rs 38.00, up one rupee & over 2.1 million shares traded during the day. Cargils (Ceylon) Plc the owners of Sri Lanka’s largest Super Market chain, “Food City” was closed at Rs 141.50, up 9.25. Aitken Spence Plc the company with interest in hotels & travels, shipping sector closed at Rs 1800.00, up one hundred rupees. Rarely traded illiquid Watapota Investments Plc gained 200 rupees to close at Rs 1000.00 but only 200 shares traded.

Agalawatte Plantations Plc one of the plantation companies with substantial rubber plantations gained 1.75 to close at Rs 39.50 as international rubber prices continues to go up. Namunukula Plantations Plc was up by 4.25 to close at Rs 61.00.

Diesel & Motor Engineering Plc lost 20.75 to close at Rs 852.75 while Trans Asia Hotels Plc dipped by 20 rupees to end the day at 250.00. Eastern Merchants Plc lost 15.50 to close at Rs 209.50.

Foreign investors were net sellers with Rs 528 million sales & Rs 212.5 million purchases. At the end of the trading Market PER was 20.70.

Sri Lanka Stock Market Forum.

Sri Lanka (Colombo) Stock Market Forum has moved to a new domain with new look. Don’t worry all of your posts are still there. We are inviting new members to join the investing community. It is a best place to discuss your investment ideas, problems with your brokers & their quality of service.

The poll we have started few weeks back to choose the best stock broker in Sri Lanka is still going on at Colombo Stock Forum.

If you are a new investor it may be a wise decision to join our stock market forum & get the basic knowledge of stock investments.

We can understand some people have no or little knowledge on how to use forums. It is very easy. Just register with a unique username (even with your real name if available) then log in to the forum. Just look around & you will see there are few sections (separate forums) divided for specific subjects. 

You can start new thread (New Topic) or post reply to an existing topic. You can use the forum to get member’s opinion by creating polls too. Please choose most suitable forum to post new topic in order to keep our form clean.
Hope you will join Colombo Stock Market Forum & stay in touch with the market activities.

Here is the forum link.
http://forum.guidetocse.com

PC House IPO.

PC House is one of the Sri Lanka’s leading IT company with dealership in world’s most reputable PC brads & software products in addition to own brand Panora PCs. PC House planed an IPO to raise Rs 629.5 million by issuing 57,233,334 shares at Rs 11.00 per share.

The boards of directors are confident on successfulness of the IPO due to prevailing positive stock market & the declining interest rate environment.
Company has shown positive growth even in difficult times & well positioned to show higher growth in coming years.

PC House initial public offer will be open on 5th August 2010 & there is a better chance to be oversubscribed on the same day. You can download PC House IPO application & prospectus using following links.

Application Form.
http://www.cse.lk/270808/pdf/pch_application_form.pdf

Prospectus
http://www.cse.lk/270808/pdf/pch_prospectus.pdf

We (Stock Market Today) are conducting an opinion poll on above IPO to get public idea about this new IPO. You can find the poll widget on the left hand side of this blog. Please select your choice & vote for it. Poll widget will be removed after closure of the said IPO.