After fluctuating within narrow range CSE All Share Index (ASI) closed at 4248.37, up 4.83 points while more liquid Milanka index closed at 4788.58, down 4.13 points. Turnover was 1.34 billion rupees.
A subsidiary of Swiss based food company Nestle Lanka Plc was up by 59.75 to close at Rs 660.00 while MTD Walkers Plc closed at Rs 468.75, up 43.75. Finlays (Colombo) Plc closed the day Rs 35.00 higher at Rs 220.00.
Watapota Investments Plc was the biggest looser today with Rs 130.00 drop to close at Rs 1400.00. Ceylon Tea Services Plc lost 34.75 to close at Rs 540.00. Distilleries Company of Sri Lanka was down by one rupee to end the day at Rs 124.00.
There were 51 positive contributors & 90 negative contributors at the end of the trading.     
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) has announced 528.65% increase in profit mainly due to recovered loan dues from EPF loan customers. HDFC logged a claim of Rs 560 million to Employees Provident Fund (EPF) in early this year to recover loans given against EPF balances. HDFC net profit for the quarter ended 31st March 2010 was Rs 224 million but for the whole financial year ended 31st March 2010 was amounted to Rs 104,006,000.00.
CSE announcements
Eden Hotel Lanka Plc
Revaluation of Fixed Assets.
The Board of Directors of Eden Hotel Lanka Plc has announced that they have revalued company fixed assets as at 31st march 2010 & decided to incorporate the capital appreciation of Rs 482,342,287/- in the books of accounts.
Accordingly the value of fixed assets has increased from Rs 947,252,507/- as at 31st March 2009 to Rs 1,429,594,794/- as at 31st March 2010.
Reverina Hotels Plc
Revaluation of Fixed Assets.
The Board of Directors of Reverina Hotels Plc has announced that they have revalued company fixed assets as at 31st march 2010 & decided to incorporate the capital appreciation of Rs 652,618,102/- in the books of accounts.
Accordingly the value of fixed assets has increased from Rs 969,906,104/- as at 31st March 2009 to Rs 1,622,524,206/- as at 31st March 2010.

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Filed under: CSE Daily Stock Market Report

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