Thursday, February 9th, 2012 at
4:30 pm
Bear Markets last for months or even years. Most investors get fooled by short-term upside movement during this prolonged bear markets. Some people buy speculative stocks during these short-term spike and attract further losses towards them. Only handful of stocks with strong valuations may keep their share prices less vulnerable to sharp falls. For example Commercial Bank of Ceylon managed to keep their price around Rs 100.00 level during past few months because of its strong fundamentals.
At the end of the Thursday’s trading All Share Price Index dipped by further 2.3 percent or 125.26 points to close at 5316.99 [...] Continue Reading…
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Asian Markets,
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Monday, February 6th, 2012 at
4:17 pm
Commercial Bank of Ceylon Plc (COMB) accounted for more than 63 percent of the day’s total turnover. 8,582,900 shares of COMB changed hands and closed 1.50 higher at Rs 102.00. ASI was down by 24.96 points to close at 5561.43 while MPI closed at 4805.99, down 7.13 points. Total turnover amounted to 1.34 billion rupees.
119 stocks closed lower while only 50 stocks closed higher. Index heavy The Bukit Darah Plc was up by thirty-six rupees to close at Rs 997.40 but only 100 shares traded. 1,045,600 shares of Distilleries Company of Sri Lanka traded and closed 80 cents higher [...] Continue Reading…
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Thursday, February 2nd, 2012 at
4:43 pm
After last week rally in Banking Stocks the usual bearish trend in CSE continued for the 3rd consecutive day. At the end of Thursday’s trading CSE All Share Index lost 76.84 points or 1.35 percent to close at 5605.49 while MPI closed 68.35 points lower at 4841.11. Turnover was amounted to 970.12 million rupees.
Heavy trading witnessed in Environmental Resources Investments Plc (GREG) normal shares and warrants. 1,026,400 GREG (N) shares changed hands and closed one rupee lower at Rs 26.00. Over 7.2 million GREG.W0002 traded and closed at Rs 1.60, down 3.90. According to the CSE and in terms [...] Continue Reading…
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Monday, January 30th, 2012 at
4:52 pm
Within the first hour of trading ASI crossed 5800 mark with strong gains in banking stocks. However the bullishness was slowed down as investors start to take their profit. At the end of Monday’s trading ASI was up by 30.12 points to close at 5755.56 while Milanka index was up by 54.40 points to close at 4976.21. Total turnover was amounted to 1.40 billion rupees.
Commercial Bank of Ceylon Plc (COMB) voting shares touched Rs 112.00 but closed only1.40 higher at Rs 105.40 while COMB non voting stocks was up by 5.40 to end the day at Rs 88.50. Nation [...] Continue Reading…
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Colombo Stock Exchange,
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Friday, January 27th, 2012 at
8:17 pm
ASI was up by 133.04 points or 2.38 percent to close at 5725.44 while more liquid Milanka index was up by 163.35 points or 3.43 percent to close at 4921.81. Total turnover amounted to 1.71 billion rupees.
Almost all banking stocks gained today as Fitch Ratings Lanka issued a positive outlook for Commercial Banks in Sri Lanka. 3,483,500 shares of Commercial Bank of Ceylon Plc (COMB) traded and closed 4.00 rupees higher at Rs 104.00 while Sampath Bank was up by 8.70 to end the day at Rs 178.60. Nation Trust Bank Plc closed at Rs 61.20, up five rupees. [...] Continue Reading…
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Thursday, January 26th, 2012 at
5:13 pm
Market has experienced a consolidation after sharp drop witnessed during the first two days of the week. The benchmark All Share Price Index (ASI) was up by 36.11 points to close at 5592.40 while MPI closed 21.53 points higher at 4758.46. Total turnover amounted to 2.29 billion rupees mainly due to larger transactions in John Keells Holdings Plc and Commercial Bank of Ceylon Plc.
John Keells Holdings Plc (JKH), one of the most diversified Blue Chip Company in Sri Lanka reported 56 percent increase in profit to 2.73 billion rupees for the quarter ended 31st December 2011. JKH gained 3.40 [...] Continue Reading…
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Tuesday, January 24th, 2012 at
6:58 pm
Monday’s sharp fall created panic among investors and ASI lost more than 200 points during the early hours of the trading. At the end of the day ASI closed 127 points lower at 5536.09 while more liquid Milanka index lost 100.81 points to close the day at 4710.90. Turnover was 1.28 billion rupees.
When Negativity Surrounds us we get more and more negative news. However there are hidden opportunities even in a bearish market.
Index heavy Carsons Cumberbatch Plc was down by 33.40 to close at Rs 484.10. The Bukit Darha Plc also closed 59 rupees lower at Rs 950.00. John [...] Continue Reading…
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Colombo Stock Exchange,
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Monday, January 23rd, 2012 at
4:49 pm
Selling pressure prevailed throughout the day. All Share Index lost 118.04 points to close at 5663.09 while MPI closed at 4811.71, down 105.18. Turnover was amounted to 827.33 million rupees.
192 stocks closed lower today while only 22 stocks closed higher. Lanka Orix Leasing Plc was down by 4.90 to close at Rs 69.80. Sampath Bank lost five rupees to end the day at Rs 175.00 while Commercial Bank (COMB) closed at Rs 99.00, down one rupee. Distilleries Company of Srilanka closed 3.40 lower at Rs 138.00. 5,991,400 shares of Asia Asset Finance Ltd shares traded and closed 30 cents [...] Continue Reading…
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Thursday, January 19th, 2012 at
5:15 pm
Colombo All Share Index was down by 59.81 points as the bears still dominate the Colombo Stock Exchange. SEC’s relaxation of broker credit rules on Monday didn’t help the market to recover. Despite good valuations it is becoming very hard to predict the recovery.
Most of investors prefer short term speculative trades for quick bucks rather than long to medium term investments. However it is safe to buy stocks with good dividend payments track records and lower PER.
Day’s turnover was amounted to 952.46 million rupees. Commercial Bank of Ceylon Plc (COMB) was the single largest contributor for the total turnover. [...] Continue Reading…
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Tuesday, January 17th, 2012 at
4:53 pm
Market opened on a higher note responding to the relaxation of Broker Credit Rule by SEC. Initially ASI gained more than 100 points but later came down gradually as investors started to book their profit. At the end of the day ASI closed 4.73 points lower at 5924.61 while MPI closed at 5012.41, down 33.68 points. Day’s turnover amounted to 1.38 billion rupees.
90 stocks made gains while 104 stocks lost their value during the trading session. The newly listed Asia Asset Finance Ltd (AAF) was up by further 2.70 to close at Rs 8.50. More than 45 million AAF [...] Continue Reading…
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