Today at CSE there was heavy fluctuation in indices. Market crashed in early trading as investors start to cash out their profit on recent gains. Within one hour of opining All Share index fell more 45 points, but later in the day bargain hunters came to rescue the market. ASI closed at 3478.56, down 30.80points while MPI lost 40.68 points to close at 4001.24. Turnover was 1.64 billion rupees.
Distilleries Company of Sri Lanka Plc started trading at Rs 117.75 then dipped to Rs 112.50, but managed to close only 50 cents lower at Rs 116.00. JKH continues to trade in larger volumes & closed unchanged at Rs 179.50. Highly diversified Blue Chip Hayleys Plc was up 3.50 to close at Rs 185.00. Diesel & Motor Engineering Plc closed at Rs 209.00, up 4.25. The recently listed Renuka Agri Foods Ltd closed flat at Rs 3.30.
Both index heavy weighted, Dialog Telekom & Sri Lanka Telecom lost 25 cents each to close at Rs 6.75 & Rs 43.00 respectively. The Bukit Darah Plc was down by Rs 98.00 to end the day at Rs 2900.00. Ceylon Guardian Investment Trust Plc closed at Rs 500.00, down Rs 17.25.
Foreigners were net sellers today with Rs 1.05 billion in sales & Rs 980.8 million purchases. We believe there will be another mini rally before the presidential election to be held on 26th January 2009.

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Filed under: Daily Stock Market Report • Stock Market Today.

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