All Share index was gained by 16.31 points for the entire week. Total equity turnover has improved to 6.4 billion rupees compared to 4.7 billion rupees for previous week.  Foreigners were net sellers with net outflow of 522.53 million rupees.
Investors were focusing on fundamentals rather than speculating. Majority of listed companies already announced improved earnings for the quarter ended 31st December 2009.
In next few months there will be shift in investor interest from secondary market to IPO market.
Two new initial Public issues announced during the week.
1.       Rigam Wayamba Salterns  Ltd – Offer for Subscription.
Rigam will issue 80,000,000 shares at Rs 2.50 per share & subscription list will open on 23rd March 2010.
2.       Vallibel Finance Limited – Offer for Subscription.
Vallibel Finance is to issue 5.2 million shares at Rs 22.00. Offer list will open on 31st March 2010.
Prospectus & application forms for above issues will available for general public within next few days.

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Filed under: weekly Report

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