Colombo Stock Indices recovered as Ceylon Tobacco gains.

Friday 10th July 2009.

After continuous drop, Colombo Stock Market recovered today. ASI ended the day 14.83 points higher at 2363.09 while Milanka also up by 8.08 points to close at 2640.67. Turnover for the day was Rs 159.8 million. Foreign purchases stood at Rs 27.1 million while sales were at Rs 39.3 million.

Sharp gain (Rs 17.00) in Ceylon Tobacco Plc (CTC) helped the indices to close higher. CTC closed at Rs 131.25.

DFCC added 2.50 to close at Rs 130.00 while National Development Bank also gained one rupee to close at Rs 155.00.

Highly diversified conglomerate John Keels Holdings shed 1.75 to close at Rs 128.00. Sri Lanka’s one of largest listed Commercial Bank “Commercial Bank of Ceylon PLC” lost 2.25 to end the day at Rs 127.00

Dialog Telekom lost 25 cents to close at Rs 5.00.

Market may stabilize at current levels in coming week.

Sri Lanka Stocks down on Blue Chips.

Colombo Blue Chip stocks continued to fall along with mid caps. ASI shed 27.96 points to close at 2348.26 while Milanka index closed the day 34.60 points lower at 2632.59. Turnover was Rs 165.8 million.

There was Rs 40.5 million worth of foreign purchases & only Rs 9.8 foreign sales recorded during the day.

There were 119 losers while only 17 gainers. Investors were tiring to stay away from the market with deepening world economic crises.

JKH lost 2.75 to close at Rs 129.75. DFCC was down by 3.50 to close at Rs 127.50 while National Development bank (NDB) shed two rupees to close at Rs 154.00. Commercial Bank of Ceylon PLC lost 1.25 to close at Rs 129.25.

Distilleries Company of Sri Lanka which is controlled by business tycoon Harry Jayawardana was down by 1.25 to close at Rs 84.75.

Heavy interest seen on Vallibel Power Company (VPEL) & closed 10 cents higher at Rs 3.40. Over 4.5 million VPEL shares traded during the day.

Dialog Telekom (Subsidiary of Telekom Malaysia) closed unchanged at Rs 5.25.

Colombo Market lost further as other Asian Markets fall again.

CSE Market Report – 08-07-2009.

Asian stocks continued their week long fall today, most markets down 2% or more as more negative news coming in from world economy. Japan Nikkei 225 lost 2.4%.

Colombo ASI & MPI both lost 15 points each to close at 2376.22 & 266719 respectively. Turnover was Rs 172.7 million.

Ceylinco Insurance gained 14.75 to close at Rs 200.00. Plantation related stocks improved little bit with retail interest.

Eagle Insurance lost eleven rupees to close at Rs 140.00. John Keells Holdings was down by one rupee to end at Rs 132.50. Samapth Bank ended the day three rupees lower at Rs 106.00.

Foreign funds are not willing to invest in equities in big way due to unclear economic environment around the globe.

Colombo All Share Index lost 7.78 points.

Sri Lanka Stock Market Report – 07-07-2009.

ASI closed the day at 2392.11 while MPI lost 12.47 points to close at 2682.67. Turnover was LKR 223 million.

Colombo Dockyard was up by 2.75 to close at Rs 110.25. Eagle Insurance (Subsidiary of AVIVA Group) gained 11.00 rupees to close at Rs 151.00. John Keells Holdings closed the day 25 cents higher at Rs 133.50.

National Development Bank (NDB) closed flat at Rs 159.75.
Commercial Bank of Ceylon lost two rupees to close at Rs 132.00. Sri Lanka Telecom lost 50 cents to close at Rs 46.75.

Meanwhile according to the Bloomberg Mr. Jim Rogers (Chairman of Rogers Holdings) very positive on Colombo Stock Exchange & Stocks in Sri Lanka are the only equities he would consider buying at the moment.

Colombo stocks down – Investors worry over delay in IMF loan.

03-07-2009.

ASI lost 9.02 points to close at 2399.89 while MPI also lost 14.43 points to close at 2695.14. Turnover was 235.5 million rupees. Investors on wait and see attitude due to huge delay in approving IMF loan US$ 1.9 Billion) which was applied by Sri Lankan government.
National Development Bank was up by 4.75 to close at Rs 159.75 while DFCC close Rs 3.00 higher at 133.25 rupees.

JKH lost 2.75 to close at Rs 133.75. Distilleries lost 1.75 to close at Rs 87.75. Commercial Bank of Ceylon PLC was down by one rupee to end the day at Rs 134.00.

Turnover was steadily coming down due to wait and see attitude of the investors. Market experienced quick Bull Run in last month after end of civil war which was consumed much of country’s resources for 26 years.