Tuesday, January 19, 2010

Colombo Stocks crashed as profit taking continues.


In early trading ASI crashed over 60 points but ended 45.25 points lower at 3483.30 while MPI lost 63.51 points to close at 4010.51. Turnover was 739.8 million rupees.
Stocks fell in almost all sectors. Total of 120 companies lost their share prices while only 34 companies managed to record gains. Investors were in confusing with uncertainty over next presidential election results. It is very hard to predict the results as this is the first election that entire country is waiting to vote after three decades.
The Bukit Darah Plc lost 90.00 rupees to close at Rs 2850.00. E B Creasy & Co Plc was down by Rs 19.75 to close at Rs 205.25. Carsons Cumberbatch Plc dipped by 15.25 to close at Rs 510.00 while Central Industries Plc lost eleven rupees to end the day at Rs 150.00.
In Banking sector, Hatton National Bank Plc declined by Rs 3.00 to close at Rs 170.25 while Commercial Bank of Ceylon Plc lost 2.50 to close at Rs 188.00. Sampath Bank closed at Rs 213.50, down two rupees. National Development Bank closed the day 2.50 lower at Rs 202.50.
More than 1.7 million shares of Richard Peiris & Company traded & closed 44.25, up 3.50. Renuka City Hotel Plc was up by Rs 17.25 to close at Rs 222.25.
Foreigners were net buyers with 75.2 million purchases & Rs 51 million sales.

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