Sri Lanka Stocks down by 7.72 points.

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 stocks lost marginally – Market Report- Monday 29th June 2009.

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.

Sri Lanka shares recovered after technical correction.

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."

Colombo Stocks still on downward path for the 4th day of the week.

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.

Colombo All Share Index ended the day almost unchanged.

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."

Colombo Stocks slipped marginally.

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.

Sri Lanka Stocks closed lower.

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.

Day Trading Tips For Asian Stock Markets

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

In fact, some brokers are actually in touch with all the different markets and when you want to buy or sell, they will choose the market with the best rate at the time of the sale. Being able to invest in a foreign market such as the Colombo market, which has no restrictions on foreigners investing, can allow you to take advantage of different stock prices for day trading.

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.

Also, you'll want to watch the rise and fall of the currency of the market you're trading in, it's vital that you know what their currency is doing. You can keep tabs on individual currency markets by watching a foreign currency market platform also known as Forex.

If you are aware of what the different currencies are doing, you'll do better at knowing when to buy and sell in any one market. So be sure to get a Forex platform downloaded before you are trading in the Asian market or anywhere else.

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.

Politics, currency value, as well as corporation policy and employees all affect the worth of an individual stock.

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.

Those who dive into day trading with their investment portfolio often loose quite a bit of it before they learn the ins and out of the markets in question.

So before you begin day trading make sure you understand all of the markets and how they affect each other, understand how currency value can affect stock prices, and also understand how the news can affect day trading prices on a minute by minute basis. Also, of course, do not start out day trading with your rent money or retirement portfolio.

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

Another day of Bull Run at Colombo Stock Exchange.

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

Colombo stock prices skyrocketed as blue-chip companies gains.

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.

Upward trend continues at Colombo Stock Exchange.

Market Report 17-06-2009.

Both ASI & MPI indices gained over 2% for the day. ASI closed 50.51 points higher at 2342.92 while more liquid Milanka closed the day 59.02 points higher at 2618.08. Turnover was healthy at 1.01 billion rupees.

Market heavy weight stocks such as John Keells Holdings (JKH) & Sri Lanka Telecom (SLT) helped the indices to climb this much. Over 3 million shares of JKH traded & it was up by 4.50 to close at Rs 128.25. SLT gained 1.75 to close at Rs 44.75.

Yesterday Central Bank announced that Sri Lanka will receive US$ 2.5 loan from World Bank within this month. With this announcement investors chased two development Banks namely DFCC & NDB. DFCC gained 7.25 to close at Rs 128.25 while NDB was up by 5.25 to close at Rs 135.25.

Aitken Spence the stock which was gaining continually during past few days lost 8.50 to close at Rs 600.00.

As investors on positive attitude market will continue to grow with limited declines due to profit taking.

CSE opened with red but managed to close slightly up.

16-06-2009.

The all share index closed 6.29 points higher at 2292.41 whilie Milanka index ended the day by gaining one point to close at 2559.06. Total turnover for the day was Rs 672.6 million. Large transactions in John Keells holdings contributed Rs 150.9 million for the day’s turnover. JKH was up by 3.75 to close at Rs 123.25.

Most of plantation stocks fell today due to profit taking by investors. Last few days plantation stocks gained sharply. Aitken Spence lost 14.50 to end at Rs 608.50.

There were 87 losers & only 54 gainers reported during the day.

Foreigners bought Rs 216.2 million worh of shares & sold 96.6 million worth of shares resulting net inflow of Rs 119.6 million.

Over 1.7 million Ceylinco Seylan Development Plc shares changed hands within price range of Rs 8.75 to 9.50.

Sri Lanka Rupee was strong at 114.90 per 1 US$.

John Keells Holdings pushed the market up.

Gains in John Keells Holdings (JKH) & Sri Lanka Telecom (SLT) helped the indices to close higher. ASI closed 31.50points higher at 2286.12. MPI closed the day 33.26 higher at 2558.06. Turnover was Rs 1.18 billion.

Over 4.8 million JKH shares traded during the day & closed 3.75 higher at Rs 120.00. Sri Lanka’s fixed line market leader Sri Lanka Telecom gained one rupee to close at Rs 43.00.

Heavily traded Stocks.

Ceylinco Seylan Development 3,630,200
Hotel Services 3,447,200
Lanka Cement 1,785,500
Browns & Co. 950,900

National Development Bank (NDB) closed 4.25 higher at Rs 130.00.

Plantation & Hotel sector stock continued their upward movements as investors were actively bought Plantation & Hotel shares.

CSE - Announcements.

15-Jun-2009 DEFAULT BOARD TRANSFER OUT

Lankem Ceylon PLCKelsey Developments PLCFirst Capital Holdings PLCSubmission of Financial Statements for the quarter ended 31.Mar.2009

15-Jun-2009 EAGLE INSURANCE PLC

The Company has informed the CSE, "Further to the announcement made by Eagle Insurance PLC(Eagle) on 13th May 2009, Eagle wishes to make the following disclosure in terms of Section 8 of the Listing Rules in relation to Corporate Disclosures. On 11th June 2009, Eagle has concluded the transfer of its 100% shareholding of five million (5,000,000) shares comprising of the entirety of the issued share capital of Eagle NDB Fund Management Company Limited (ENDB) for the price of Rs. 29.55 for each share of ENDB in such proportions where Capital Development & Investment Company PLC acquired 16.15% of the direct holding of the issued share capital of ENDB and Aviva NDB Finance Lanka Private Limited, the direct holding of 83.85% of the issued share capital of ENDB respectively. Eagle wishes to further confirm that the Securities & Exchange Commission of Sri Lanka (SEC) in accordance of its letter dated 15th May 2009, has granted ENDB approval for the afore stated transaction under Section 31 G of the SEC Act No. 36 of 1987 (as amended)".

Sri Lanka shares up by 1.55%.

Colombo All Share index was up by 34.51 points to close at 2254.62 while Milanka index gained by 42.24 points to close at 2524.80. Turnover was Rs 646.5 million.

Distilleries Company (DCSL) which was heavily declined last week gained Rs 4.75 today to close at Rs 81.00. Investors were positively chased on fundamentally sound stocks as well as few speculative counters.

John Keells Holdings was up by Rs 1.25 to close at Rs 116.25. National Development Bank (NDB) closed Rs 4.25 higher at Rs 125.75.
Over 1.9 million shares of Lanka Cement Plc traded today with speculation on their northern cement factory which was affected by civil war just ended. Lanka Cement closed 1.50 higher at Rs 18.25.

Plantation stocks also captured investor attention & prices appreciated.

John Keells Holdings dominated the trading at Colombo Stock Exchange.

Today the highly diversified blue chip company John Keells Holdings dominated the trading with contribution of Rs 215 million to total turnover. JKH transaction alone accounted 41% of the Rs 523.2 million total market turnover & it was closed two rupees higher at Rs 115.00.

ASI closed 17.68 points higher at 2220.11 while Milanka ended the day 13.73 points higher at 2482.56. Most investors focused on strong stocks rather than speculative buying.
Colombo Dockyard lost one rupee to close at Rs 99.50. Aitken Spence Plc gained 7.50 to end the day at Rs 671.25.

Prices in plantation stocks improved today. Agalawatte Plantation was up by two rupees & closed at Rs 21.25 while Hapugastenne Plantation Plc gained 3.25 to close at Rs 29.50.

Colombo stocks up as blue chips gains.

The upward trend in Aitken Spence Plc continued today by gaining Rs 64.75 to close at Rs 663.75. John Keells Holdings (JKH) was up by one rupee to close at Rs 113.00 while Commercial Bank of Ceylon Plc gained 2.50 to close at Rs 125.00. These three stocks helped the market indices to show gains.

ASI was up by 9.64 points to close at 2202.43 while MPI also up by 8.56 points to end the day at 2468.83. Turnover was Rs 368.4 million.

HNB assurance the insurance subsidiary of Hatton National Bank was up by 3.50 to close at 32.25.In early trading Distilleries dropped to Rs 74.00 but closed one rupee lower at Rs 77.00.
Foreigners bought Rs 103 million worth of shares & sold 106 million resulting net foreign outflow of Rs 3 million.

Announcements at CSE.

10-Jun-2009 RIGHTS ISSUES - ENVIRONMENTAL RESOURCES INVESTMENTS PLC

Company ID: - GREG Proportion:- 03 (Three) for 01 (One) Issue Price:- Rs.20.00 The number of shares to be issued: 104,316,480EGM/ Provisional Allotment:- 07.07.2009 Date XR :- 08.07.2009 Dispatch of Provisional Letter of Allotment:- 14.07.2009 Renunciation:- 27.07.2009 Rights Trading Commences on:- 20.07.2009 Subject to Shareholder approval at a General Meeting.

10-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 10.06.2009 - CHLReleased to the Market on 09.06.2009 - LOLC, HDFC & TWOD Released to the Market on 08.06.2009 - DPL, LFIN & SEYB

Colombo stocks lost early gains.

Market opened higher but closed marginally lower. ASI down by 7.68 points to close at 2192.79 while MPI closed the day 5.40 points lower at 2460.27. Investors were taking profit from highly gained blue chip stocks.

Turnover was Rs 293.3 million.

Aitken Spence gained another Rs 40/- to close at Rs 599.00. Distilleries Company of Sri Lanka Plc (DCSL) lost 3.50 to close at Rs 78.00. DCSL released their unaudited financial statements for the year ended 31st March 2009 showing full year profit growth but according to their last quarter accounts profit fallen sharply.

Foreigners bought Rs 20.5 million worth of shares & sold Rs 53.4 million worth of shares resulting net foreign outflow of Rs 32.9 million.

Colombo Stock Exchange Announcements.

09-Jun-2009 DEFAULT BOARD TRANSFER

FIRST CAPITAL HOLDINGS PLCCEYLON PRINTERS PLCEASTERN MERCHANTS PLCKELSEY DEVELOPMENTS PLCKALAMAZOO SYSTEMS PLCLANKEM CEYLON PLCOFFICE EQUIPMENT PLCPARAGON CEYLON PLCSEYLAN MERCHANT BANK PLCNon Submission of Financial Statements for the quarter ended 31-MAR-2009.

Going up!

08-06-2009.

Colombo All Share index was up by 22.36 points to close at 2200.47 while more liquid Milanka index was up by 18.11 points to close at 2465.67. Turnover for the day was Rs 372.2 million.

Colombo Dockyard gained 5.50 to close at Rs 103.00. Highly capitalized fixed line telecom market leader Srilanka Telecom closed two rupees higher at Rs 43.00.

Despite last week legal setback Distilleries Co. of Sri Lanka Plc gained Rs 2.50 to close at Rs 81.50. Aitken Spence Plc which was on upward trend since last week gained further 42 rupees to end the day at Rs 559.00.

There were 72 price gainers while 55 losers during the day.
One of Sri Lanka’s oldest Finance company “The Finance Co Plc” reported massive 1.3 billion rupee loss.

Sri Lanka Stocks recovered after yesterday’s losses.

05-06-2009.

All share index gained 38.77 points to close at 2178.11 while MPI was up by 62.97 points to close at 2447.56. Turnover was Rs 1.06 billion.

Distilleries Company (DCSL) shares also recovered as investors hoping DCSL will benefit from the cash (6 billion rupees) from the government due to court order. DSCL was up by 2.25 to close at Rs 79.00. Aitken Spence Plc which is also related to DCSL group was up by Rs 41.75 to close at Rs 517.00. Colombo Dockyard ended the day Rs 7.00 higher at Rs 97.50.

Commercial Bank of Ceylon Plc was up by 2.75 to close at Rs 122.75.

The Court Order & Distilleries Co.

The much awaited court order on Sri Lanka Insurance Corporation (SLIC) delivered today. Sri Lanka’s Supreme Court said the privatization of SLIC to listed Distilleries Co (DCSL). of Sri Lanka was illegal & ordered the shares to be transferred to the government. The Supreme Court further ordered government to refund the full purchase price to Distilleries Group. DCSL also allowed retain profit which earned during the period they ran the SLIC. DCSL lost Rs 17.25 to close at Rs 76.75.

ASI was down by 44.13 points (2.02%) to close at 2139.34 while Milanka lost 87.73 points to close at 2384.59. Turnover was Rs 581.1 million. Commercial Bank of Ceylon Plc lost 3.25 to close at Rs 120.00. JKH lost 1.50 to end at Rs 109.50.

Colombo Stock Indices closed unchanged.

03-06-2209.

During early trading there was gains in indices but later closed almost unchanged. ASI ended the day at 2183.47 (-0.57) while Milanka closed the day at 2472.32 (+2.96). Turnover recorded for the day was Rs 257.5 million.

Distilleries Co. of Sri Lanka Plc closed two rupees higher at Rs 94.00. Hayleys Plc gained three rupees to close at Rs 115.00.

Chevron Lubricants Lanka Plc lost 2.25 to close at Rs 115.75. Highly illiquid The Indo Malay Plc declined by 29.25 to close at Rs 125.75 on 200 shares.

Foreign purchases were Rs 56.9 million while they sold 72.7million worth of shares resulting net outflow.

Colombo Stock Market Activity – 02-06-2009.

ASI lost 25.48 points to close at 2184.04 while more liquid Milanka index closed 35.42 points lower at 2469.36. Turnover was Rs 335.2 million.

Foreigners bought Rs 95.9 million worth of shares & sold Rs 43.4 million worth of shares resulting Rs 52.5 million net foreign inflow.

This will be only temporary technical correction & market will turn to upward direction any time.

Sri Lanka’s largest fixed line telecom operator Sri Lanka Telecom Plc lost one rupee to close at Rs 41.75. Distilleries Company lost 75 cents to close at Rs 92.00.

Colombo Stock Exchange - Announcements

02-Jun-2009 ACCOUNTING YEAR - ASSOCIATED PROPERTY DEVELOPMENT PLC

The Company has informed the CSE that the Accounting Year End of the above Company has been changed from 31st March to 31st December.

02-Jun-2009 THE FOLLOWING COMPANIES HAVE RELEASED THEIR QUARTERLY FINANCIAL REPORTS FOR THE PERIOD ENDING 31ST MARCH 2009 TO THE CSE.

Released to the market on 02.06.2009

CFT,LHCL,LITE & HUEJ

Released to the market on 01.06.2009

ACME, MPRH, KAPI, EAST, MARA & YORKReleased to the market previously - ACL, AEC, AGAL, ALLI, AMSL, APDL, APLA, ARPI, ASCO, ASHA, ASHO, ASIR, ASPH, AUTO, BALA, BBH, BFL, BINN, BLUE, BOC, BOGA, BOPL,BRWN, BUKI, CABO, CARS, CDIC, CFIN, CHOU, CIND, CINS, CINV, CLND, COCO , COMB, COMD, CRL, CTC, CTCE, CTEA, CWM, DIAL, DOCK, DPL, ECL, ELPL, EQIT, ETWO, GEST, GHLL, GRAN, GREG, GUAR, HAPU,HARI, HASU, HDFC, HNB, HOPL, HUNT, JFIN, KAHA, KCAB, KHC, KVAL, LALU, LAND,LIOC, LLUB, LMF, LVEN, LWL, MADU, MBSL, MIRA, MORI, MRH, MSL, MULL ,NEH, NDB, NEST, NHL, NTB, ONAL, OSEA, PABC, PARQ, PDL, PHAR, PMB, REG, RENU, RGEM, RHL, RHL, RPBH, SAMP, SERV, SFCL, SHAW, SIL, SINI, SINS, SLND, SLTL, SMLL, SMOT, SOY, SUGA, SUN, SWAD, TAFL, TAJ, TANG, TILE, TPL, TYRE , UAL, UCAR, UDPL, VLL & VPEL...FINANCIAL SUMMARY - DIPD, HAYC, HEXP, DIMO & MGT

Colombo stocks ended lower on 1st day of the trading week.

01-06-2009.
Investors still taking profit from previous week gains. ASI lost 6.44 points to close at 2209.52 while Milanka index closed 15.01 points lower at 2504.78. Turnover was Rs 431.3 million.

When trading started investors were waiting for Supreme Court verdict over Sri Lanka Insurance Corporation privatization deal but later it was postponed without announcing exact date. Sri Lanka Insurance Corporation is currently 90% owned by Distilleries Company (DIST). DIST closed 2 rupees higher at Rs 92.75.

Commercial Bank lost Rs 2.25 to close at Rs 125.00. DFCC Bank closed unchanged at Rs 118.00.
The last week heavily gained stock Dockyard lost 1.50 to end at Rs. 94.25.
Foreigners bought Rs 138.9 million worth of stocks & sold almost same amount.