Colombo Stocks fluctuating within narrow range.

CSE All Share Index closed 5.11 points higher at 3775.51 while more Milanka index which is representing most liquid 25 stocks closed 16.78 points to end the day at 4331.98. Turnover was healthy at 1.30 billion rupees.

Colombo stocks now fully adjusted for December 2009 corporate results & waiting for fresh news to find a clear direction. At this point investors should buy fundamentally strong undervalued stocks rather than just speculating.

Nawaloka Hospitals                         6,295,300.

Seylan Bank (N/V)                           4,248,400.

Janashakthi Insurance                   2,272,200.

GRAN                                                    2,004,200.

Madulsima Plantation                    1,373,500.

Harishchandra Mills Plc the one of the oldest listed company from south of the country gained 100 rupees to close at Rs 975.00 but only for mere 200 shares. Aitken Spence Plc closed at Rs 1301.00, up 31.00 rupees. Ceylinco Insurance Plc managed to close at Rs 260.00, up twelve rupees. Chevron Lubricant Lanka Plc was up by 2.75 to close at Rs 162.00 while alcohol producer Distilleries Company of Sri Lanka Plc closed two rupees higher at Rs 117.00.

Alliance Finance Company Plc lost Rs 66.00 to close at Rs 419.00. Ceylon Guardian Investments Trust Plc was down by nineteen rupees to close at Rs 450.00. Index heavy, fixed line telecom service provider Sri Lanka Telecom Plc lost 50 cents to close at Rs 39.50 while cellular service provider Dialog Telekom closed flat at Rs 7.00.

Foreign investors were net sellers with Rs 46.2 million purchases & Rs 174.6 million in sales.