Investors chased on fundamentally sound stocks to build up their portfolio before the upcoming presidential election. The presidential election is to be held on 26th January 2010 to elect next Executive President of Sri Lanka.
ASI climbed 38.30 points or 1.10% to close at 3519.94 while MPI crossed 4000 index point to closes at 4025.66. Turnover was at 1.54 billion rupees.
One of our recommended stocks Distilleries Company of Sri Lanka closed at Rs 114.00, up 4.75. Sri Lanka’s only cigarette manufacturer Ceylon Tobacco Plc (A subsidiary of multinational British American Tobacco) was up by 9.75 to close at Rs 209.75. The Colombo Dockyard Plc added another 8.50 to its value & closed at Rs 292.00.   John Keells Holdings Plc closed at Rs 180.00, up one rupee. One of retail investor favorite stock Touchwood (A forestry Company) closed Rs 9.25 higher at 95.00.
In banks Finance & Insurance sector, Commercial Bank of Ceylon Plc gained 2.25 to close at Rs 193.00 while National Development Bank gained two rupees to end the day at Rs 211.50. Samath Bank closed at Rs 220.25, up one rupee.
Ceylon Guardian Investment Trust Plc lost 17.75 to close at Rs 517.25 while diversified Aitken Spence Plc was down by 9.00 to close at Rs 1314.25.
 Total of 93 stocks gained their value & 54 companies lost during the trading session.
There may be few profit taking attempts within next few days but overall investor sentiment remains positive.

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

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