Week ended 26th March 2010.
There were large foreign to local transactions completed during the week. With Thursdays Hatton National Bank transaction Sri Lanka Government increased their holding in HNB roughly to 25%. Total equity turnover increased to 10.44 billion rupees from 7.86 billion in previous week. All Share Index closed at 3773.76, up 28.84 points for the entire week. Milanka Index managed to gain 72 points to end the week at 4391.22. Foreign net outflow amounted to 5.43 billion rupees.
Top five gainers for the week. (%)                                   
1.       Singlanka Chemicals was up by 40.00 (+36.36%) to close at Rs 150.00.
2.       Colombo Land (Warrants) gained 50 cents (+13.51%) to close at Rs 4.20.
3.       Commercial Development was up by 6.00 (+13.33%) to close at Rs 51.00.
4.       John Keells closed at Rs 194.50, up 19.50 (+11.14%).
5.       ACME closed at Rs 20.25, up 2.00 (+10.96%).
Top five losers for the week. (%)
1.       Metropolitan Resources lost 40.00 rupees (-58.18%) to close at 28.75.
2.        Mercantile Shipping was down by 42.00 rupees (-26.75%) to end the week at Rs 115.00.
3.       Elpittya Plantation Plc dipped by 9.00 (-21.18%) to close at Rs 33.50.
4.       Convenience Food lost 16.50 (-11.64%) to close at Rs 125.25.
5.       Blue Diamonds (Nonvoting) closed at 80 cents, down 10 cents (-11.11%).
In Fridays trading highly capitalized JKH managed to gain eight rupees to close at Rs 186.00. Total market capitalization stood at Rs 1221.9 billion rupees compared to Rs 1210.7 billion in last week.
Market will fluctuate within narrow range until General Election is over. Investors should invest in fundamentally strong stocks & not in speculative stocks. It will definitely bring positive results in long run.  
Market will reopen for next week trading on 30th March 2010 as 29th Monday is a public holiday (Full Moon Poya Day).

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Filed under: weekly Stock Market Report

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