Wednesday, January 20, 2010

Colombo Share Market Report - Strong recovery.


After two days of decline CSE recorded strong gains today. ASI gained 1.41% or 49.11 points to close at 2532.41 & MPI closed at 4071.08, up 60.57 points. Turnover was amounted to 1.2 billion rupees. John Keells Holdings Plc alone contributed Rs 185 million for the total turnover. There were wide spread buying interest in almost all the sectors.
Highly capitalized index heavy both Dialog Telekom & Sri Lanka Telecom made gains today. Sri Lanka Telecom Plc closed at Rs 43.00, up 1.25 while Dialog closed 25 cents higher at Rs 7.00. The Bukit Darah Plc was up by Rs 120.00 to close at Rs 2970.00. Haycarb Plc closed at Rs 196.00, up Rs 16.25. Mercantile Shipping Plc the Sri Lanka’s only listed shipping company was up by Rs 19.00 to close at Rs 120.00.
John Keells Holdings closed 50 cents higher at Rs 175.00. Well diversified alcohol producer Distilleries Company of Sri Lanka Plc gained 25 cents to end the day at Rs 116.00.
MTD Walkers Plc lost 52.50 to close at Rs 373.25 while Renuka City Hotel Plc closed at Rs 205.00, down 17.25. Total of 125 stocks made gains while 26 of them declined. Foreigners bought 102.3 million worth of stocks & sold stocks valued to Rs 476.3.
It is very hard to predict the results of upcoming presidential election. Our opinion is investors should take part of profit from the gains they made in past few days.     
If you wish to discuss & express your opinion on Sri Lanka’s economy & Colombo Stock Market, please visit the Sri Lanka Stock & FOREX forum.

Posted by INVESTMENT ADVISOR at 4:52 PM
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