Selling pressure starts with profit taking.
Tuesday, June 15th, 2010 at
4:52 pm
Colombo investors started to sell off stocks that recently gained significantly. ASI slipped marginally (6.07 points) to close at 4606.69 while MPI closed the day positively at 5271.03, up 13.95 points. Turnover was 1.67 billion rupees.
Sri Lanka’s leading Super Market operator Cargills Ceylon Plc lost 5.50 to close at Rs 134.75 while index heavy John Keells Holdings Plc closed the day one rupee lower at Rs 203.00. Swiss based Food Company Nestle Lanka Plc was down by 22.50 to close at Rs 610.00.
In Banks & Finance sector, Commercial Bank of Ceylon Plc was up by 5.25 to close at Rs 283.00 while DFCC Bank closed at RS 274.75, up one rupee. Sampath Bank lost 4.75 to close at Rs 340.00.
Over six million shares of Janashakthi Insurance Company Plc changed hands & closed 75 cents higher at Rs 15.50.
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Filed under: Colombo Stock Market • daily
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Dear Visitor,
Thanks for visiting this nice and useful blog. As many events are about to happen soon. So we just want to share few things with all visitors as it might be helpful for everyone.
NSE and BSE are trading in range and we are expecting breakout in the market after budget. One should buy quality stocks at every decline and should exit long positions at every rise.
Regards
BUZZINGSTREET
Stock market investment if done with proper research and updated knowledge than it can give very lucrative results. There are four basic golden rules of stock market which are to be followed
(thebuzzingstreet1@gmail.com)http://www.buzzingstreet.com
Dear Visitor,
Market is showing some good move. Nifty traders are now confused if they should go short in Nifty from current level of 5400 or should go further long. NSE and BSE are the two major stock exchanges of Indian stock market. Keeping in mind that many investors and traders are very much confused with the current market move, we have stared posting " title="technical research reports"> technical research reports These reports are highly accurate and are available for free.
Regards
Stock market investment if done with proper research and updated knowledge than it can give very lucrative results. There are four basic golden rules of stock market which are to be followed. (thebuzzingstreet1@gmail.com)www.buzzingstreet.com
Nifty is on its peak now and is turning volatile. Investors are suggested to book long delivery positions soon. As after some more upmove we can see profit booking in the market soon. Investors are suggested to grab quality stocks at lower level again.
Hi,
Seems like it’s a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market.
Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.
Regards
. Sharetipsinfo Team