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.
Monday, June 22, 2009
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