Wednesday, January 13, 2010

Colombo shares up 1.20% today.


Colombo All Share Price index closed at 3536.71, up 42.09 points while Milanka index closed at 4085.37, up, 79.48 points. Turnover was Rs 2.26 billion, boosted by over 2.9 Distilleries shares & 1.9 million Ceylon Leather Products shares.
Distillers closed at Rs 120.00, up Rs 2.50. Distilleries Company of Sri Lanka Plc is one of our recommended stock which is on our favorite list. Ceylon Leather product was up by 39.50 to close at Rs 113.00. Environmental Resources Investments Plc closed the day Rs 24.00 higher at Rs 122.00. Central Finance Company Plc, Sri Lanka’s largest Finance Company closed at Rs 400.00, up 28.25.
Asiri Central Hospitals Plc lost 9.25 to close at Rs 100.75. Commercial Bank of Ceylon Plc was down by 2.75 to close at Rs 192.00.
Total of 88 companies reported gains while 60 companies contributed negatively. After long period of waiting foreigners became net buyers today with Rs 409.5 million purchases and Rs 331.7 million sales.
Investors were busy with building their stock portfolio before the upcoming Presidential Election scheduled to be held on 26th January 2010.

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