28-05-2009.

Once again massive turnover of Rs 1.3 billion recorded for the day. All share index climbed 54.75 points (2.54%) to close at 2210.79 while Milanka index gained 66.80 points to close at 2525.77.
John Keells Holdings (JKH) contributed Rs 330.6 million for the today’s market turnover by trading 2,918,200 shares within price range of Rs 111.00 to 114.50 & closed at Rs 114.25.

Coombo Dockyard Plc (DOCK) gained further 9.50 to close at Rs 93.00. Investors were chasing for Hotel & Banking shares. Sampath Bank was up by 14 rupees to close at Rs 108.00. Commercial Bank of Ceylon gained 6.50 to close at Rs 127.00.

Stock to Watch

Distilleries
Dockyard
Commercial Bank
Natonal Development Bank

Speculative Buy

Vallibel Power

Wednesday the 27th May ASI ended 13.58 points higher at 2156.04 while MPI closed the day 14.69 points higher at 2458.97. Turnover was Rs 984.7 million.

Investors were busy with buying hotel & banking shares. Colombo Dockyard (My favorite Stock) gained Rs 11.50 to close at Rs 83.50. Sri Lanka’s largest privately held bank Commercial Bank of Ceylon Plc (COMB) was up by 4.25 to close at Rs 120.50.

Over 46 million Dialog Telekom shares traded today but ended unchanged at Rs 5.50.
JKH lost two rupees & ended the day at Rs 110.00.

Most of brokers are optimistic about this positive trend as no negative news from local front.

Announcements at CSE

27-May-2009 REINSTATEMENT OF REGISTRATION – JANASHAKTHI INSURANCE PLC

The Company has informed the following to the CSE, “In accordance with Colombo Stock Exchange regulations, of the need to inform the Colombo Stock Exchange of any matter of relevance that will impact share prices, I now wish to inform you that the Insurance Board of Sri Lanka has revoked the suspension imposed on Janashakthi Insurance PLC, with effect from 2.00 pm on 27th May 2009.

The suspension was imposed on 12th May 2009 for a period of 03 weeks until 02nd June 2009.

The company was requested to show cause on why the suspension should be lifted. The Insurance Board of Sri Lanka has accepted the Company’s explanations and the suspension has been accordingly revoked”.

27-May-2009 JANASHAKTHI INSURANCE – INSURANCE BOARD OF SRI LANKA (IBSL)

Insurance Board of Sri Lanka informed the following to the CSE, “Insurance Board of Sri Lanka has removed the suspension of registration imposed on Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business with effect from 2 p.m. today(27th May 2009)after Janashakthi Insurance PLC having shown sufficient cause to the IBSL”.

After yesterday’s decline Colombo Stocks continued its climb today. ASI was up by 21.83 to close at 2142.46 while more sensitive Milanka index gained 20.52 points to close at 2444.28. Turnover was still healthy at Rs 919.6 million.

JKH was up by 2.25 to close at Rs 112.00. National Development Bank continued to trade in high volume (Over 1.6 million shares traded) but closed flat at Rs 115.00.
Meanwhile Hotel sector shares traded in high quantities.

Hotel sector shares may benefit with prevailing peaceful environment in the country. Nuwara Eliya Hotels Company Plc was up by Rs 178.00 to close at Rs 448.00 but only 100 shares traded.Over 2.2 million Hotel Reefcomber & 1.2 million Eden Hotel shares traded today.

Overall market sentiment remains positive & market will continue it upward trend with occasional profit takings.

After one week of continuous gains, market declined today due to profit taking. ASI lost 26.10 points to close at 2120.63 while MPI lost 43.14 points to close at 2423.76.
Turnover was healthy at Rs 1.01 billion.

John Keells Holdings (JKH) lost 3.25 to close at Rs 109.75. NDB lost 2.25 to close at Rs115.00. Almost all blue chip stocks that made heavy gains last week declined today.

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CSE reported high turnover of Rs 1.9 billion today. Market opened higher but ended the day marginally up due to profit taking. At one point it was red but picked up again with return of bargain hunters.

ASI gained 4.21 points to close at 2146.73. MPI was up by 8.25 to close at 2466.90.
Over 7 million JKH shares traded today with Rs 794 million contributions towards total market turnover. JKH ended the day Rs 1.75 higher at Rs 114.00. NDB also traded heavily (1,844,500) & closed 50 cents lower at Rs 117.50.

Fourteen & half million of Hotel Services (Ceylon) Plc shares traded today & closed 50 cents higher at Rs 16.50.

Sri Lanka’s largest mobile operator Dialog Telekom closed flat at Rs 5.50 but over 25.9 million shares traded.

Announcements released to Colombo Stock Exchange.

22-May-2009 RIGHTS ISSUE – SIGIRIYA VILLAGE HOTELS PLC

Please note that 3,421,050 Ordinary shares of the company were listed on 22nd May 2009, pursuant to a 1:1 Rights issue.

22-May-2009 REORGANIZATION OF SEYLAN BANK PLC VIA INCREASING ITS CAPITAL – CENTRAL BANK OF SRI LANKA

Central Bank of Sri Lanka has informed the CSE the following “Further to our letter dated April 20, 2009, and the announcement made to the market, in respect of the above. 2. The Committee for Evaluation of Bids on Seylan Bank PLC has completed its evaluation of the bids submitted by the two short listed prospective investors. The evaluation revealed that the bids received were not fully compliant with the requirements of the bid conditions. At the same time, the Monetary Board was also of the view that it would be useful to review some of the criteria as set out in the original bid document. Accordingly, the Monetary Board of the Central Bank of Sri Lanka has decided to invite fresh proposals once again from five selected prospective strategic investors in accordance with revised criteria.3. Accordingly, we herewith attach an “Announcement to the Exchange” .as required under Rule 5(4)(c) of the Listing Rules (April 2009), for your kind consideration and necessary action. ANNOUNCEMENT *Introduction Further to the announcement made to the Colombo Stock Exchange on April 20, 2009 by the Central Bank of Sri Lanka with regard to the issue of securities of Seylan Bank PLC by way of a private placement under and by virtue of the powers vested with the Monetary Board of the Central Bank of Sri Lanka, in terms of Section 30(9) of the Monetary Law Act. The Committee for Evaluation of Bids on Seylan Bank PLC has completed its evaluation of the bids submitted by the two short listed prospective investors. The evaluation revealed that the bids received were not fully compliant with the requirements of the bid conditions. At the same time, the Monetary Board was also of the view that it would be useful to review some of the criteria as set out in the original bid document. Accordingly, the Monetary Board of the Central Bank of Sri Lanka has decided to invite fresh proposals once again from five selected prospective strategic investors in accordance with revised criteria. The said selected prospective strategic investors are given time till June OS, 2009 to submit their bids.Accordingly, the Monetary Board is expected to make the final decision by June 16, 2009 and notify the successful bidder immediately thereafter. * Issue of securities to a strategic partner/investor: 1. The number of securities to be issued and listed by type of security Shares with voting rights – 33 1/3 % of ownershipShares with non- voting rights – will be notified in due course,Other Classes of Shares – will be notified in due course,Debentures – will be notified in due course.2. The prices at which each of the listed securities are to be issued will be notified in due course. * Additional information: Details of the selected strategic partner including allocation of shares (voting ordinary, non-voting ordinary and other classes of shares), debenture, consideration per share/debenture etc. will be notified to the Securities & Exchange Commission of Sri Lanka and the Colombo Stock Exchange, accordingly. The Securities & Exchange Commission of Sri Lanka has informed that Rule 31 of the provisions of the Take-overs and Mergers Code, 1995 cannot be enforced relating to issuance of voting shares to a strategic investor amounting to 33 1/3 of the voting rights of the bank”.

Market started the day higher but closed marginally up due to profit taking. ASI closed 4.69 points higher at 2035.59. MPI gained 24.43 points to close at 2254.70.

Turnover was significantly high at Rs 1.61 billion. National Development Bank (NDB) was the day’s biggest contributor for the market turnover with 647.8 million. NDB closed 1.75 higher at Rs 101.00.
John Keells Holdings (JKH) was up by Rs 3.25 & contributed more than Rs 400 to the market turnover by trading 4,172,900 shares. JKH closed at Rs 97.00.

Commercial Bank of Ceylon Plc (COMB) gained Rs 4.50 on 2,497,500 shares & closed at Rs 104.50.

Announcements @ Colombo Stock Exchange.

19-May-2009 FUND SETTLEMENT ON ACCOUNT OF NATIONAL HOLIDAY DECLARED ON 20TH MAY 2009.

In view of 20th May 2009 being declared as a National Holiday, the settlement of Funds through the settlement bank will be as follows:1) Settlement for Trading on 15th May 2009 due for settlement on 20th May 2009 will be postponed to 21st May 2009.2) Settlement for Trading on 18th May 2009 due for settlement on 21st may 2009 will be postponed to 22nd May 2009.

19-May-2009 HOLIDAY ON 20TH MAY 2009

The CSE wishes to inform that Wednesday, 20th May 2009 has been declared a Holiday.