Within yesterday’s trading CSE reached 7000 level in early hours but failed to hold it and continue to fall even today. At the end of today’s trading ASI was closed at 6845.77 while MPI closed at 7195.96. Turnover was 3.22 billion rupees.

Analysts believe that with proposed strict rules on brokers credit  the activity level will decline when it implemented.

Bogala Graphite gained 28.60 to close at Rs 84.30 while Kelani Valley Plantations Plc was up by 50.50 to close at Rs 209.00. In Banks Finance and Insurance sector, Lanka Orix Leasing Plc closed at Rs 1400.00, up 67.30.

People’s Finance Leasing lost 40.20 to close at Rs 148.60 while Colombo Pharmacy which was recently acquired by GREG was down by 565.60 and closed at Rs 2284.40.

Foreigners were net buyers with Rs 580.46 million purchases and Rs 469.39 million worth of sales.

Short while ago CSE All Share Index managed to broke 7000 index point barrier.
With stronger earnings and political stability Colombo Stock Exchange is experiencing bull run since last year. 

Sri Lanka Rupee too appreciated against US Dollar and traded around Rs 112 per one US Dollar. International Monetary Fund (IMF) has released US $ 212.5 million last week under its 2.5 billion US  Dollar loan deal.

Brokers expect positive outlook to prevail in the market with minor corrections.   

OK now you know what the Free Forex Demo Account is. Let me explain the best way to fund and withdraw your eToro account balance especially for non PayPal supported countries like Sri Lanka. According to PayPal Sri Lankans can send money but can’t receive  using PayPal account. So if you are living in a country which is not supported for PayPal withdrawal, never use it to fund your eToro Forex trading account. Because eToroonly allows you to withdraw to same way you funded it.

The Best way to Deposit and Withdrawal with eToro.

You can always use your credit card but if you do this you have to send a scanned copy of your credit card (Both Sides) when you request a withdrawal. Despite eToro never misuse your card details most of Forex Traders are afraid to send these sensitive information. To avoid this you have two choices to fund your eToro real Trading Account.

1.NETELLER Account.
2.Moneybookers Account

NETELLER NET+ Prepaid Master card

Although my preferred funding and withdrawal method is NETELLER, their verification process is very strict. Therefore better to use second best option “Moneybookers”.

Open free “Moneybookers” account then gets your credit card verified and you are done! Then all you have to do is adding fund using your card or bank transfer.

How to deposit by MoneyBookers?
1.To deposit using Moneybookers, click the “Moneybookers” option, enter the amount you wish to deposit and your Moneybookers account email.
2.You will be redirected to the Moneybookers website where you will be asked to enter your password in order to log in.
3.You can then choose to either use your Moneybookers account balance or a credit card.
4.Review the transaction and once you’ve made sure that all the details are correct, and click on “Pay”.
Within minutes your trading account should be credited with funds. If for any reason your request is not approved you will be notified via email.

How to withdraw money from eToro?

Please follow these simple steps:
Enter the Cashier section and click on the “WITHDRAWAL” tab
Enter the amount to withdraw (in USD)
Complete the electronic withdrawal form as required
Click “Submit”

Don’t forget to mention “Money bookers” as your receiving method when you fill out your eToro withdrawal form. Getting money out of Money bookers is not a hard task. They offer various options including USD cheques and Bank Wire transfers.

At the end of Tuesday’s trading Colombo ASI closed 181.56 points higher at 6702.99 while MPI closed at 7055.94, up 229.14. SMLL, LOLC & DIAL were the top three contributors for today’s 2.78 pct gain in ASI. Turnover was extremely healthy at 6.70 billion rupees.

The acquisition of asset rich Colombo Pharmacy Plc by Environmental Resources Investment Plc (GREG) was the today’s main event reported. GREG has purchased 66.4 pct of the issued share capital of the Colombo Pharmacy Plc (PHAR) at Rs 653.80 per share and announced a mandatory offer to purchase remaining shares of the Colombo Pharmacy. PHAR closed at Rs 1335.00, up 651.00.

The first implementation of new price band system was imposed today on Vallibel Finance (VFIN).  In terms of the SEC directive dated 14th September 2010, a 10% price band has been imposed on VFIN.N.0000 with effect from 23rd September 2010 to 13th October 2010 (both days inclusive). VFIN closed at Rs 124.40, up 25.40.

People’s Leasing Finance Plc (SMLL) was up by Rs 130.80 to close at Rs 341.10 while John Keells Holdings Plc (JKH) closed at Rs 298.40, up 7.30. Heavy demand and price advances were seen in banking sector. DFCC Bank was up by 33 rupees to close at 407.00 while Hatton National Bank gained 20.10 to close at Rs 369.70. Nation Trust Bank (Warrants) was up by 18.60 to close at Rs 84.60. Pan Asia Banking Corporation Plc closed 20.20 higher at Rs 73.80 and over six million shares changed hands.

Foreigners were net sellers with Rs 285.8 million purchases and Rs 473.8 million sales. Colombo Stock Exchange will be closed for trading tomorrow due to public banks and mercantile holiday (Poya Day).

Market moved further up with the lifting of price band which was introduced last month to avoid share price manipulation. ASI gained 64.15 points to close at 6521.43 while more liquid Milanka Index closed at 6826.80, up 69.3 points. Turnover was 3.93 billion rupees.

Heavy investor interest were seen on Land and Property sector. CT Land was up by six rupees to close at 38.70 and over 2.2 million shares traded for the day. More than 2 million shares of Colombo Land and Development Company Plc traded today and closed 20 cents higher at Rs 16.20.

Nation Trust Bank warrants (NTB.W.0011) recorded sharp gain to close at Rs 73.00, up 25.60 while NTB ordinary shares closed 7.50 higher at Rs 99.90. People’s Leasing Finance Plc was up by massive 105.60 rupees to close at Rs 211.30. AVIVA NDB Insurance closed at Rs 300.00, up 25 rupees. Ceylinco Insurance Plc gained seventy rupees to close at Rs 440.00.

Ceylon Tobacco lost ten rupees to close at 370.00 while Distilleries Company of Sri Lanka Plc was down by 2.50 to close at Rs 184.00. Dankotuwa Porcelain Plc lost 6.50 to close at Rs 86.60. There were total of 102 gainers and 87 losers for the day.

Foreign investors were net buyers today with Rs 354.4 million purchases and Rs 183.8 million sales.

The Importance Of A Free Forex Demo Account

Forex is a financial market that was a well kept secret of big business and bankers until just a few years ago. It is the most liquid market in the world and holds the potential for investors to make huge profits trading in foreign currencies. However, this market is unlike any other in the world and there is also a potential for huge losses. This is why it is important for all new traders on the market to spend some practicing using a free forex demo account.

What is a Free Forex Demo Account?

Most forex trades are handled online. There are many different trading platforms available from which to choose. Each has its own system of tracking market statistics and prices as well as releasing news that can, and usually does, impact the prices of specific currencies. A free forex demo account is offered by most trading platforms to assist traders in learning how to read the market indicators and see how their trades are faring.

The free forex demo account also allows traders to learn about issuing orders for stop loss and take profit strategies so that they do not have to physically watch the market every second. This is good information to have as the forex market is the only financial market in the world that is open around the clock almost 7 days a week.

A free forex demo account is the tool offered by the trading platforms that allows traders to make investments and test their skills at reading the market indicators without actually having to risk any real money. Trades are entered and exited, orders are carried out based on the criteria established when the orders were written based on live market prices and action. The only difference between the practice account and a live account is that no money can be lost while practicing with the demo account.

How to Get Maximum Benefit from Free Forex Demo Account

In order to maximize the benefit of a free forex demo account, it is important to spend some time working with it. The account is set up to make it possible for one to learn to read market indicators and statistics with an eye toward entering or exiting a position in a trade. It also provides an opportunity to practice placing orders for automatic transactions to occur when the market behaves in certain ways. This can be one of the most important aspects of using a demo account.

It is important to learn as much as possible about the different ways one can use orders to minimize risk while maximizing profit, even while away from the computer. One should practice different strategies as well to see what has the greatest potential for generating profitable trades on a consistent basis.

It is important to note that using a demo account follows real time numbers and market statistics. However, because one is trading in virtual currency rather than real money, trades made using a practice account will not have any effect on the market as a whole. This is not the case when using real money to make real trades. Each transaction will affect the volume of involved currencies available in the market and will have some effect on the market as a whole.

For this reason, one would be wise to take this fact into consideration when practicing with a demo account. Results will not be identical between demo trades and real trades. However, the demo account remains the best tool for learning the ins and outs of forex trading so that one can make informed decisions when planning trades.

The Best Free Forex Demo Account

What is the best free forex demo account? This depends a great deal on how much knowledge one has of the forex market when beginning to trade. One of the most user friendly platforms on the internet is eToro. Their free forex demo account allows one to view changes in market value of different currencies in a variety of graphic depictions that make the market seem to come alive. There is more to it than just a plain line graph that shows current prices. One can actually see relative movement in the different currency pairs.

There are different graphic depictions available based on the users experience with financial markets and data. In this fashion, eToro makes it possible for even the market novice to see and understand the different market indicators and plan his/her strategies accordingly. Making the market understandable is the one feature that sets the eToro demo account apart from all the competition across the world wide web.

In addition, the eToro free forex demo account has one of the most user friendly interfaces available making it easy to locate the trading tools one will be using when he/she begins to trade for real and place important orders concerning when to enter and exit trades.

http://www.etoro.com/getting-started/practice.aspx

Update.


With FOREX Demo Account you can practice Stock Index Trading and CFDs in addition to FOREX. AVA FX allows you to trade internationally traded stocks using their trading platform.

LibertyReserve Jobs

After fluctuating up and down, CSE indices managed to close further up today, ASI was up by 43.84 points or 0.72 pct to close at 6175.06 while MPI gained 16.91 points to close at 6452.26. Turnover was impressive at Rs 3.86 billion.

LOLC, COMB and DIAL were the top three contributors for the day while JKH, BUKI and GUAR contributed negatively towards indices. LOLC was up by 104.70 to close at Rs 1204.10 while COMB gained 8.80 to close at Rs 208.80. Index heavy Dialog Axaita Plc was up by 40 cents to end the day at Rs 10.50. Distilleries Company of Sri Lanka Plc closed at Rs 183.60, up 3.50.

With better than expected quarterly results market is touching new highs every trading day. The upward momentum was fuelled by stock subdivision (Share split) mania which is spreading among listed companies.

Although Colombo Stock Market is at historically high levels we can’t predict major correction in near future because of satisfactory performance of listed companies. There will be minor corrections time to time.

Foreigners purchased stock worth of Rs 316.56 million and sold stocks valued at Rs 412.6 million. At the end of the day total market capitalization was at  2.03 trillion rupees.

It is no secret that we need political stability to do business. Now with 18th amendment to the Sri Lanka’s constitution investors are free from political risk for foreseeable future. Today Colombo All Share Index (ASI) crossed the important 6000 point mark first time in its history.

ASI closed the day 60.79 points higher at 60.23.41 while MPI gained 125.38 points to close at 6278.31. Total equity turnover was amounted to 4.19 billion rupees. Foreigners were net sellers with purchases valued Rs 457.5 million and sales of Rs 495.2 million.

Top five contributors for the day.

Hatton National Bank gained 23 rupees to close at Rs 330.00.
John Keells Holdings Plc was up by 5.60 to close at Rs 280.10.
Aitken Spence Hotel Holdings closed 62.30 higher at Rs 779.50.
Distiliries Company of Sri Lanka Plc gained 9.90 to close at Rs 166.90.
Richard Pieris and Company Plc closed at Rs 157.90, up 14.30.

Richard Pieris and Company Plc has announced one in to fifteen share split today. Consequent to proposed split (sub division) current issued number of shares (128,958,524 ) will be increased to 1,934,377,860 shares but stated capital of the company will not be changed.

Stock Market Today Stock Picks.

Worth to buy
DISTI
BFL

Take profit.
JKH

Hold
PC House.

Market started positively but fluctuated and closed on a mixed note later in the day. Healthy gain in Aitken Spence Plc (SPEN) helped ASI to close 26.45 points higher at 5884.00 while Milanka lost 1.74 points to end the day at 6034.28.

Today’s market turnover was boosted by SPEN by trading more than one million shares. SPEN closed at Rs 2745.30, up 249.50. SPEN has contributed Rs 2.80 billion for today’s total turnover of Rs 5.89 billion. John Keells Hotels Plc (KHL) was the 2nd largest contributor with Rs 838.74 million. More than 39 million shares of KHL traded during the day and closed 30 cents higher at Rs 21.70 while Distilleries Company of Sri Lanka contributed 362 million rupees towards total equity turnover and closed one rupee higher at Rs 153.00.

The Bukit Darah Plc was the biggest loser with loss of  Rs 499.90 to close at Rs 7400.10. Hotel Sigiriya lost 4.10 to close at Rs 90.00. I have been collecting Hotel Sigiriya from Rs 60 levels and still think it is worth to buy. KHL is also attractive stock in hotel sector but looks like heavily over valued on current earnings.

According to a letter sent to CSE, Lanka Walltile Plc has decided to close their Balangoda factory. Today foreigners were net sellers with huge margin. They sold stocks valued Rs  2.77 billion and purchased Rs 189 million worth of stocks.