Sri Lanka’s General Election is scheduled to hold on 8th April 2010 but it is unlikely any change will happen. Ruling party won the last Presidential Election which was held on 26th January 2010 with a huge majority.
ASI closed 88.45 points higher at 3870.35 while MPI gained 92.17 points to close at 4441.12. Turnover was 1.24 billion rupees.
Gains in Hatton National Bank (HNB), Commercial Bank of Ceylon Plc (COMB) & Sri Lanka Telecom Plc has contributed to close indices at higher levels. HNB closed at Rs 205.00, up 15.75. COMB closed at Rs 227.00, up eight rupees. Distilleries Company of Sri Lanka Plc closed the day four rupees higher at Rs 122.00.
Price gains were seen in almost all the sectors. There were 151 companies recorded gains while only 18 companies lost their value. Brokers said that Government institutions are actively buying Blue Chip stocks especially when large foreign funds selling their stakes.
Foreigners bought stocks valued Rs 81.5 million rupees while sold 144.5 million worth of stocks.

*****With eToro Open Book you can Trade Forex Like a Highly Experienced Trader*****

Filed under: CSE Daily Stock Market Report

Like this post? Subscribe to my RSS feed and get loads more!