Market Report – 30-06-2009.

All share index closed lower at 2432.15 while more liquid Milanka closed 13.85 points higher at 2721.64. Turnover was high at Rs 567.07 million.

National Development Bank was up by one rupee to close at Rs 152.50. DFCC closed the day flat at Rs 135.25 while Commercial Bank of Ceylon Plc (COMB) closed two rupees lower at Rs 134.00.

Index heavy weight cellular leader closed 25 cents higher at Rs 5.25. Distilleries added 75 cents to close at Rs 87.75.

Asian Markets were mixed.

Announcements at CSE.

30-Jun-2009 ANNUAL REPORTS OF LISTED COMPANIES.

The following Companies have released their Annual Reports for the year ended 31st March 2009 /31st December 2008 to the CSE.Released to the Market on 30.06.2009 – CARG, SIRAReleased to the Market on 29.06.2009 – CWM, RICH, REXP, NAMU, KGAL & MASKReleased to the Market on 25.06.2009 – HSIG, STAF, KOTA, SHOT & GLASReleased to the Market previously – AAIC, AGAL, AHPL, AHUN, APDL, ATL,BALA, BOC, BREW, BINN, CCS, CIC, CHL, CINS, CDIC,CHMX, COMB, COMD, CONN, CTC, CTCE, DFCC, DIAL, DIMO, DIPD, DPL, DOCK, GOOD, GRAN, HAPU,HAYL, HAYC, HHL, HNB, HUNA, HDFC, INDO, JFIN, JKL, JKH, KAHA, KHL, KFP, KVAL, LCEY, LFIN, LOLC, LHL, LION, LLUB, MADU, MBSL, MGT, NDB, NEST, NTB, OSEA, PABC, PDL, PEG, RCL, REG,REEF,RHTL, SAMP, SELI, SHAL, SINI, SINS, SEYB, SLTL, SPEN, TAFL, TKYO, TWOD, TRAN, TSML, TPL, UCAR, UDPL, WATA & WAPO.

30-Jun-2009 CAPITAL REACH HOLDINGS LIMITED – ASIA CAPITAL PLC

The company has informed the CSE that ” Further to our announcement dated June 24, 2009 we wish to inform you that Asia Capital PLC (ACAP) purchased a further quantity of 2.5 Million shares of Capital Reach Holdings Limited (CRHL) at a price of Rs. 10/- per share and thereby increased its shareholdings to approximately 56% of the issued share capital of CRHL”.

Colombo market opened higher on early trading but closed little lower at end of the trading session. All share index was down by 12.14 points to close at 2439.87 while Milanka index lost 19.67 points to close at 2707.79. Turnover was Rs 563.4 million.

Country’s cellular market leader Dialog Telekom lost 25 cents (4.76) to close at Rs 5.00. An illiquid Bukit Darah Plc lost 99 rupees to close at Rs 1051.00.
The Finance Plc was up by 5.75 to close at Rs 27.25 on 1.8 million shares. John Keells Holdings closed one rupee higher at Rs 137.00. Distilleries Company of Sri Lanka Plc gained 50 cents to close at Rs 87.00.

Development Finance Corporation (DFCC) closed the day unchanged at Rs 135.25 while Commercial Bank of Ceylon Plc lost 25 cents to close at Rs 136.00.

Stock prices will stabilize over current week & may fluctuate within narrow range.

26-06-2009.

Colombo market recovered after four days of continuous decline. ASI was up by 33 points (1.36%) to close at 2452.01 while MPI was gained 32.17 points (1.19%) to close at 2727.46. Turnover for the day was Rs 596.4 million.

Index heavy weight JKH & SLT both gained today. JKH was up by 2.50 to close at Rs 136.00 while SLT closed the day one rupee higher at Rs 49.00. Over 2.5 million Coco Lanka shares traded within price range of Rs 28 to 32.25 & closed 3.25 higher at Rs 30.75.

Lanka IOC (Subsidiary of Indian Oil Corporation) announces further investment of US$ 30 million to establish outlets in North & East of the country. LIOC closed 50 cents up at Rs 17.50.

Announcements – Colombo Stock Exchange.

26-Jun-2009 REORGANIZATION OF SEYLAN BANK PLC – CENTRAL BANK OF SRI LANKA

The Central Bank of Sri Lanka has informed the CSE that “We refer to our letters dated April 20, 2009 and May 22, 2009 and the announcement made to the marker, on the above subject.The Monetary Board of the Central Bank of Sri Lanka has decided on June 25, 2009 not to accept the bid received form the bidder as the strategic investor for Seylan Bank PLC.

Accordingly, the share issue of Seylan Bank PLC mentioned in our letters under reference ceases to be in effect. Hence, 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. ANNOUNCEMENTFurther to the announcements made to the Colombo Stock Exchange on April 20, 2009 and May 22, 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 Monetary Board has concluded that the offer received by a prospective strategic investor has not fulfilled all the parameters set by the Central Bank in relation to the ownership limits. Therefore, it has decided not to accept such offer.

The Monetary Board has now directed the Seylan Bank PLC to Issue an appropriate number of voting shares so as to generate a capital infusion Rs. 3 billion by end August 2009. Towards such end, the Seylan Bank PLC will be required to invite investments from few state institutions so that such institutions could collectively invest approximately 33 percent of the ordinary shares of the bank.

The existing shareholders and other new local and foreign investors too, could participate in the new share issue, which is expected to take place in August 2009. The new Infusion of the capital is expected to significantly strengthen the operations of the bank as well as ensure its stability and soundness in the long term. In the meantime, the Central Bank has requested the Bank of Ceylon to continue with its managerial assistance to the Seylan Bank PLC until the Monetary Board decides to discontinue with such assistance. The current Directors of Seylan Bank PLC will continue to serve in the Board.”

Market Report 25th June 2009.

After continuous gains in past few weeks investors are still booking their profit. Both ASI & MPI lost 21 points each & closed the day at 2419.01 & 2695.29 respectively. Turnover was 686.6 million rupees.

Index heavy weight Sri Lanka Telecom lost one rupee to close at RS 48.00. Sri Lanka’s largest private sector bank Commercial bank of Ceylon Plc lost 2.25 to close at Rs 134.00. DFCC & NDB lost 50 cents & three rupees respectively & closed the same at Rs 134.50 & Rs 147.00.
Over 1.3 million shares of Eden Hotel Plc traded today & closed 1.25 higher at Rs 21.75.

Highly diversified blue chip company John Keells Holdings lost one rupee to close at Rs 133.50. Distilleries Company of Sri Lanka Plc was up by 75 cents to close at Rs 85.75.

Retail investors were active despite ongoing technical correction in the market.

CSE – Trading report 24th June 2009.

ASI closed flat but Milanka index lost 17.39 points to close at 2716.29. Turnover was 616.2 million rupees.

Index heavy weight Sri Lanka John Keells Holdings lost one rupee to close at Rs 134.50.Telecom was down by 75 cents to close at Rs 49.00. Over 1.4 million Eden Hotel Lanka PLc traded today & closed 1.50 higher at Rs 20.50. Pegasus Hotel closed 4.50 higher at Rs 34.75
Development Finance corporation (DFCC) closed two rupees lower at Rs 135.00 while NDB lost three rupees to close at Rs 150.00.

Indices fluctuated frequently during the trading session creating day trading opportunity.

Announcement @ CSE

24-Jun-2009 CAPITAL REACH HOLDINGS LTD – ASIA CAPITAL PLC

The Company has informed the CSE that, “Asia Capital PLC (ACAP) purchased 7.5mn shares of Capital Reach Holdings Limited (CRHL) at a price of Rs. 10/- per share and increased its shareholding to 12.8mn shares. This represents approximately 47% of the shareholdings of CRHL. CRHL is the holding company of Capital Reach Leasing PLC (CRLP) which is listed on the Colombo Stock Exchange. Further ACAP propose to increase its shareholding in CRHL to not less than 60% by making an offer to the remaining shareholders of CRHL.”

Tuesday 23rd June 2009.

Today Colombo shares dropped in value as investors still booking their profit from last week gains. ASI lost 7.49 points to close at 2439.71 while Milanka price index lost 25.45 points to close at 2733.68. Turnover was Rs 762.2 million.

Development Finance Corporation of Ceylon (DFCC) lost 3 rupees to close at Rs 137.00 while National Development Bank (NDB) was down by one rupee to close at 153 rupees. Commercial Bank of Ceylon also lost three rupees to close at Rs 137.00

Sampath Bank traded heavily with more than 2.4 million shares & closed 50 cents higher at Rs 114.00. JKH lost 1.50 to close at Rs 135.50. Distilleries (DCSL) gained one rupee to close at Rs 84.75.

Despite profit takings, buying interest was also seen in later part of the trading session as indexes recovered early losses.

22-06-2009.

Market opened on positive note but closed marginally lower due to profit taking. Investors sold stocks which gained massive percentage last week. ASI lost 9.66 points to end at 2447.20 while Milanka closed 5.69 points lower at 2759.13. Turnover was 790.8 million rupees.

Market heavy weight Sri Lanka Telecom (SLT) & John Keells Holdings (JKH) both lost 50 cents & one rupee respectively. SLT closed at Rs 49.00 while JKH ended the day at Rs 137.00.
Distilleries closed two rupees lower at Rs 83.75. National Development Bank was up by 3.25to close at Rs 154.00.

Recommended Stocks.

DFCC
Commercial Bank
Samath Bank
Colombo Dockyard
Distilleries Co of Sri Lanka (Rs 6.5 Billion due from Government)

Although above stocks gained significantly within past few weeks we think still undervalued when considering future growth potential with revival of Sri Lankan economy.

Whether you’re looking into day trading for any type of market or looking into a particular market, it’s important that you understand all the markets and how they can affect each other. Day trading tips for Asian stock markets especially the Colombo Stock Market will help you understand the other markets as well.

Stocks are traded the world over and many countries have their own stock market such as the Colombo stock market. But when you’re day trading you must be aware of what the other stock markets are doing. This Stock Exchange will allow you to day trade with buying brokerage and is fully automated similar to the trading platforms used by the Stock / Forex markets

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This is one of the tips for selling on the Asian market, make sure your broker is one who will choose the best price in any of the markets at the time of sale.

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Stocks are just like anything else, they may fall a bit before they begin to rise and this is where a day trader comes in. Day traders are trying to take advantage of these small rises and falls of the market in order to make a profit.

As a day trader you’re going to need to take advantage of all the news, worldwide and local in order to figure out what is going to be happening with a stock at any one time.

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As a day trader, you can use these tips to study before you actually begin trading. It’s important that you do not begin day trading with anything but your disposable income.

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These tips will apply to all markets the world over and not just to the Asian markets or American stock market. Make sure you understand how all of this can affect the day trading opportunities you see.
Stock Market Today

Sri Lanka Telecom & Distilleries Co pushed the indices high. Colombo stocks already gained more than 60% for the current year.

ASI was up by 52.89 points (2.20%) to close at 2456.86 while Milanka index ended the day 51.73 points (1.91%) higher at 2764.82. Turnover was 1.88 billion rupees.

John Keells Holdings (JKH) continues to trade in high quantities with over 5.8 million shares traded. JKH closed 75 cents higher at Rs 138.00. Highly capitalized Sri Lanka Telecom was up by 2.25 to close at Rs 49.50. Distilleries Co of Sri Lanka the company controlled by business tycoon Mr. Harry Jayawardana gained 4.25 to close at Rs 85.75. Most of banking sector shares recorded gains.

Aitken Spence Co. Plc gained 10 rupees to close at Rs 640.00.

Announcements @ CSE.

19-Jun-2009 ANNUAL REPORTS OF LISTED COMPANIES.

The following Companies have released their Annual Reports for the year ended 31st March 2009 /31st December 2008 to the CSE.Released to the Market on 19.06.2009 – WATAReleased to the Market on 10.06.2009 – CHL, TSML,TRAN & BINNReleased to the Market on 09.06.2009 – LOLC, HDFC & TWOD Released to the Market on 08.06.2009 – DPL, LFIN & SEYB

Once again John Keells Holdings was up by 9 rupees to close at Rs 137.25 with heavy trading. Over 6.4 million JKH shares traded during the day & contributed Rs 865.5 million to the total turnover. ASI was up by 61.05 points (2.61%) to close at 2403.97 while more sensitive Milanka index gained 95.01 to close at 2713.09. Turnover was very impressive at Rs 2 billion.

With massive gains since last month probably Colombo Stock Exchange will be the best performing stock market in the world for this year.

Foreigners are also safe here with stable currency. Few months ago Central Bank allowed rupee to float freely. After steep decline from Rs 108 to 120 to 1 US$ now trading strongly at 115 per 1 US$.

Banking sector gained further. Commercial Bank of Ceylon Plc was up by 6.50 to close at Rs 135.50 while DFCC gained 6.75 to close at Rs 135.00. NDB closed the day 10.25 higher at Rs 145.50. Hatton National Bank also up by 3.75 to close at Rs 121.25.

Index heavy weight Sri Lanka Telecom was up by 2.50 to close at Rs 47.25.