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…
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…
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…
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…
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…
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…
Thursday, January 12th, 2012 at
5:35 pm
Sri Lanka Stocks closed higher as investors are anticipating positive news from Securities Exchange Commission of Sri Lanka (SEC). Market witnessed sharp decline last year after imposing strict broker credit rules. However it was done to prevent large-scale market manipulations.
At the end of Thursday’s trading ASI closed 77.41 points or 1.32 points higher to close at 5942.47 while MPI closed at 5065.68, up 55.46 points. Total turnover improved to 1.06 billion rupees.
Asia Asset Finance Limited (AAF.N0000) trading commenced today and closed 1.70 higher than IPO price at Rs 4.20. Its parent company Asia Capital Plc was up by five [...] Continue Reading…
Monday, January 9th, 2012 at
5:45 pm
After early 2011 peak market is still correcting itself. The bench mark Colombo All Share Index lost nearly one percent or 57.58 points to close at 5872.94 while MPI lost 62.72 points to end the day at 5020.43. Total turnover for the day amounted to 434.51 million rupees. Commercial Bank of Ceylon Plc (COMB) was accounted highest turnover for the day. 1,418,000 shares of COMB changed hands during the day and closed 10 cents lower at Rs 99.90.
130 stocks lost their value during the trading session and only 37 stocks managed to close higher. Environmental Resources Investments Plc (GREG) [...] Continue Reading…
Friday, January 6th, 2012 at
7:33 pm
The first trading week of the year 2012 ended on a negative note. The main ASI Index fell 143.9 points for the week to close at 5,930.52 while Milanka index lost 146.01points to close the week at 5,083.15. Total turnover for the week amounted to 1.93 billion rupees compared to last week turnover of Rs 2.75 billion.
Coco Lanka Non Voting shares led the highest percentage gainers list by gaining 12.22 percent or 4.90 rupees to end the week at Rs 45.00. Environmental Resources Investments Plc (GREG) was down by 20.2 percent or 8.10 rupees to close at thirty two [...] Continue Reading…
Monday, January 2nd, 2012 at
7:21 pm
Colombo Stock Market managed to sustain the minor upward trend started during the last few days for the new year. However turnover level remain low.
ASI was closed at 6074.87, up 0.45 points while MPI closed at 5239.92, up 10.76 points. Turnover was amounted to 419.71 million rupees. Commercial Bank of Ceylon Plc continued to trade in significant quantities and closed one rupee higher at Rs 101.00.
91 stocks made gains while 79 stocks closed lower. Diversified Blue Chip Hayleys Plc was up by fifteen rupees to end the day at 390.00. 125,700 shares of Hayleys changed hands during the day. [...] Continue Reading…
