Showing newest 18 of 19 posts from January 2010. Show older posts
Showing newest 18 of 19 posts from January 2010. Show older posts
Thursday, January 28, 2010
Colombo stocks opened lower but closed higher on first trading day after Presidential poll.
As predicted on Colombo Stock Market Forum, market fell over 60 points in early trading but recovered quickly & closed higher. ASI managed to gain 45.03 points to close at 3636.41 while MPI was up by 56.84 points to close at 4181.79. Turnover was 1.92 billion rupees.
Lanka Cement (LCEM) traded heavily (4.3 million shares) after their announcement on new project to produce cement. LCEM closed at Rs 29.75, up 6.50. Aitken Spence Plc closed Rs 45.50 higher at Rs 1386.25 while its subsidiary Aitken Spence Hotel Holdings Plc closed at Rs 421.00, up 31 rupees. Asian Hotels & Properties Plc gained ten rupees to close at Rs 121.00.
High Investor interest seen on Plantation Stocks, Malwatte Valley Plantations Plc was up by 8.25 to close at Rs 44.50 while Watawala Plantations Plc closed at Rs 119.00, up four rupees. Bogawantalawa Tea Estates Plc gained 4.75 to end the day at Rs 42.00.
Chevron Lubricant Lanka Plc a unit of chevron Texaco USA closed 3.50 higher at Rs 153.50. Sri Lanka’s only listed ship building company Colombo Dockyard Plc closed at Rs 300.25, up two rupees.
Distilleries Company of Sri Lanka Plc lost 1.50 to close at Rs 117.50 after reaching as low as Rs 112.00 in early trading. Sri Lanka Telecom Plc was down by 75 cents to close at Rs 42.00.
Monday, January 25, 2010
Sri Lanka stocks closed higher! Turnover exceeds 1.5 billion rupees.
ASI was up by 22.72 points to close at 3554.45 while MPI closed 22.07 points higher at 4066.Retail investor favorite Touch Wood Investment Plc was up by 19.25 to close at Rs 112.50 & more than 2.2 million shares traded during the day.
Over 1.6 million shares of Commercial Bank of Ceylon traded & closed 25 cents higher at Rs 185.25. Aitken Spence Hotel Holdings Plc gained 34.25 to end the day at Rs 387.75 while Aitken Spence Plc closed at Rs 1276.00, up Rs 25.00.
John Keells Holdings Plc closed 75 cents lower at Rs 173.00. MTD Walkers lost 23.00 to close at Rs 341.00.
Tomorrow people Sri Lankan people will decide the Sri Lanka’s next Executive President.
The government has declared Wednesday the 27th of January, the day after the elections, a public and bank holiday. 29th Friday is also a Public & Bank holiday. Current week is limited to 3 trading days.
Friday, January 22, 2010
Volatile Week.
CSE weekly market report for the week ended 22nd Jan 2010.
Despite positive close on Friday overall market ASI) dipped 31.41 points to close the week at 3531.73. With increased election fever market was unable to find the direction. Investors who did not wish to take the post election risk sold their shares to take the advantage of recent gains. Total equity turnover for the week was 6.06 billion rupees. Foreigners purchased 476.6 million worth of stocks while sold stocks valued 1512 million rupees.
Top gainers for the week.
· First Capital was up by Rs 35.00 (+125%) to close at Rs 63.00.
· Seylan Merchant gained Rs 1.55 (+32.98%) to close at Rs 6.25.
· MTD Walkers closed at Rs 364.00, up 84.75 (+30.35%).
· Ceylon Brewery closed at Rs 147.00, up 27.00 (+22.5%).
· Asiri Central Closed Rs 19.25 (+19.11%) higher at Rs 120.00.
Top percentage losers for the week.
· Nation Lanka lost 3.75 (-18.99%) to end the week at Rs 16.00.
· Ceylon Leather Products closed at Rs 92.75, down Rs 17.00 (-15.49%).
· People’s Merchant Bank lost Rs 4.50 (-11.32%) to close at Rs 35.25.
· Hotel Sigiriya lost Rs 5.75 (-10.18%) to end the week at Rs 50.75.
· Kandy Hotels closed at Rs 106.75, down Rs 11.25 (-9.53%).
Our opinion is long term investors should not worry over the Presidential Election results. Even if the result is one not expected by investors, the market fall will be very short term. It will be definitely picked up in medium term.
Thursday, January 21, 2010
Investors started to realize part of their profit.
Trading summary 21-01-2010.
At the end of Thursday’s trading ASI dipped 12.70 points to close at 3519.71 while Milanka index which is represents most liquid stocks lost 30.18 points to end at 4040.90. Turnover was 728.4 million rupees. Drop was mainly due to declines in index heavy weighted stocks.
John Keells Holdings Plc was down by 75 cents to close at Rs 174.25 while Dialog Telekom lost 25 cents to end the day at Rs 6.75. Alcohol industry market leader Distilleries Company of Sri Lanka Plc lost 1.75 to close at Rs 114.25. Sri Lanka’s largest listed Finance Company Central Finance Plc declined seven rupees to close at Rs 380.00.
First Capital Holdings Plc was up by 12.75 to close at Rs 41.00. Housing Development Finance Corporation of Sri Lanka (HDFC) closed seven rupees higher at Rs 144.50. Sampath Bank closed at Rs 220.00, up 5.75.
John Keells Hotels Plc has announced Rights Issue of 1 for 3 at Rs 10.00 per share subject to approval of share holders & Colombo Stock Exchange.
We can expect more volatility in coming few days of this month.
Wednesday, January 20, 2010
Colombo Share Market Report - Strong recovery.
After two days of decline CSE recorded strong gains today. ASI gained 1.41% or 49.11 points to close at 2532.41 & MPI closed at 4071.08, up 60.57 points. Turnover was amounted to 1.2 billion rupees. John Keells Holdings Plc alone contributed Rs 185 million for the total turnover. There were wide spread buying interest in almost all the sectors.
Highly capitalized index heavy both Dialog Telekom & Sri Lanka Telecom made gains today. Sri Lanka Telecom Plc closed at Rs 43.00, up 1.25 while Dialog closed 25 cents higher at Rs 7.00. The Bukit Darah Plc was up by Rs 120.00 to close at Rs 2970.00. Haycarb Plc closed at Rs 196.00, up Rs 16.25. Mercantile Shipping Plc the Sri Lanka’s only listed shipping company was up by Rs 19.00 to close at Rs 120.00.
John Keells Holdings closed 50 cents higher at Rs 175.00. Well diversified alcohol producer Distilleries Company of Sri Lanka Plc gained 25 cents to end the day at Rs 116.00.
MTD Walkers Plc lost 52.50 to close at Rs 373.25 while Renuka City Hotel Plc closed at Rs 205.00, down 17.25. Total of 125 stocks made gains while 26 of them declined. Foreigners bought 102.3 million worth of stocks & sold stocks valued to Rs 476.3.
It is very hard to predict the results of upcoming presidential election. Our opinion is investors should take part of profit from the gains they made in past few days.
If you wish to discuss & express your opinion on Sri Lanka’s economy & Colombo Stock Market, please visit the Sri Lanka Stock & FOREX forum.
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Tuesday, January 19, 2010
Colombo Stocks crashed as profit taking continues.
In early trading ASI crashed over 60 points but ended 45.25 points lower at 3483.30 while MPI lost 63.51 points to close at 4010.51. Turnover was 739.8 million rupees.
Stocks fell in almost all sectors. Total of 120 companies lost their share prices while only 34 companies managed to record gains. Investors were in confusing with uncertainty over next presidential election results. It is very hard to predict the results as this is the first election that entire country is waiting to vote after three decades.
The Bukit Darah Plc lost 90.00 rupees to close at Rs 2850.00. E B Creasy & Co Plc was down by Rs 19.75 to close at Rs 205.25. Carsons Cumberbatch Plc dipped by 15.25 to close at Rs 510.00 while Central Industries Plc lost eleven rupees to end the day at Rs 150.00.
In Banking sector, Hatton National Bank Plc declined by Rs 3.00 to close at Rs 170.25 while Commercial Bank of Ceylon Plc lost 2.50 to close at Rs 188.00. Sampath Bank closed at Rs 213.50, down two rupees. National Development Bank closed the day 2.50 lower at Rs 202.50.
More than 1.7 million shares of Richard Peiris & Company traded & closed 44.25, up 3.50. Renuka City Hotel Plc was up by Rs 17.25 to close at Rs 222.25.
Foreigners were net buyers with 75.2 million purchases & Rs 51 million sales.
Monday, January 18, 2010
CSE closed lower on profit taking.
Retailers started to take profit just one week ahead of the Presidential Election. ASI slipped 34.59 points to close at 3528.55 while more liquid Milanka index lost 25.26 points to end the day at 4074.02. Turnover was 1.72 billion rupees, boosted by controlling stake change in Lanka Ventures. 39.4 million Shares of Lanka Ventures changed hands & closed at seventeen rupees, up 25 cents.
Index heavy Sri Lanka Telecom closed 1.50 lower at Rs 41.50 while Aitken Spence Plc was down by 10.75 to close at Rs 1241.50. Distilleries Company of Sri Lanka Plc lost two rupees to close at Rs 117.50.
Banks Finance & Insurance sector also hit by selling pressure. Ceylinco Insurance Plc lost 15.00 rupees to close at Rs 215.00. Central Finance lost 10.25 to close at Rs 384.75. Sampath Bank was declined by 2.25 to close at Rs 215.50 while National Development Bank closed at Rs 205.00, down Rs 2.00.
MTD Walkers Plc was up by 103.50 to close at Rs 382.75. Haycarb gained by 6.25 to end the day at Rs 176.00.
There were 112 negative contributors & 44 positive contributors reported during the trading session. Foreigners were net sellers with Rs 138.9 million purchases & Rs 277 million sales.
Friday, January 15, 2010
Colombo shares ended the week on positive note.
End Friday’s trading ASI closed at 3563.14, up 26.43 points while MPI gained 13.91 points to close the day at 4099.28. Turnover recorded for the day was 1.56 billion rupees. The week was limited to four trading days.
Heavily Traded stocks for the day.
· Kshatriya Holdings Plc – 5,291,800 shares traded & closed at Rs 8.25, up one rupee.
· Ceylon Leather Products Plc - 1,306,700 shares & closed 3.25 lower at Rs 109.75.
· John Keells Holdings – 1,353,800 shares traded & closed unchanged at Rs 179.00.
· 1,182,200 Shares of Nation Trust Bank plc & closed unchanged at Rs 38.00.
· 2,176,300 shares of Nawaloka Hospitals traded & closed 10 cents higher at Rs 3.20.
Haycarb Plc a subsidiary of diversified blue chip Hayleys Group closed at Rs 169.75, up Rs 23.50. Aitken Spence Hotel Holdings Plc was up by ten rupees to close at Rs 345.00 while Reverina Hotels Plc closed at Rs 90.00, up 13.75. The high quality tile producer Royal Ceramic Lanka Plc was gained by 6.25 to end the day at Rs 78.25.
Distilleries Company lost 50 cents to close at Rs 119.50. People’s Merchant Bank Plc was down by 6.25 to close at Rs 39.75. Property Development Plc, the owners of Bank of Ceylon head office building closed the day 2.00 rupees lower at Rs 34.25.
Foreign investors were net sellers today with Rs 92.7 million purchases & Rs 387.6 million sales. Next week is the final week before the Sri Lanka’s Presidential Election. We hope there will be more upside potential during the week.
Thursday, January 14, 2010
Do you like to share your knowledge on Colombo Stock Market?
We have just launched a forum for you to share your knowledge & information with other investors. We strongly believe that when it’s comes to Investment in stocks or FOREX we can greatly benefit if we share our knowledge & information with others.
CSE today forum is still very small but hope it will grow up with time. All will depend on how you will participate. We will award few Moderator Ranks for members who will actively answer other member’s questions in useful way.
Please note that we don’t have any relationship with Colombo Stock Exchange or its official website cse.lk.
You can find the forum link by visiting this post.
http://www.stock-market-today.net/2010/07/sri-lanka-stock-market-forum.html
Wednesday, January 13, 2010
Colombo shares up 1.20% today.
Colombo All Share Price index closed at 3536.71, up 42.09 points while Milanka index closed at 4085.37, up, 79.48 points. Turnover was Rs 2.26 billion, boosted by over 2.9 Distilleries shares & 1.9 million Ceylon Leather Products shares.
Distillers closed at Rs 120.00, up Rs 2.50. Distilleries Company of Sri Lanka Plc is one of our recommended stock which is on our favorite list. Ceylon Leather product was up by 39.50 to close at Rs 113.00. Environmental Resources Investments Plc closed the day Rs 24.00 higher at Rs 122.00. Central Finance Company Plc, Sri Lanka’s largest Finance Company closed at Rs 400.00, up 28.25.
Asiri Central Hospitals Plc lost 9.25 to close at Rs 100.75. Commercial Bank of Ceylon Plc was down by 2.75 to close at Rs 192.00.
Total of 88 companies reported gains while 60 companies contributed negatively. After long period of waiting foreigners became net buyers today with Rs 409.5 million purchases and Rs 331.7 million sales.
Investors were busy with building their stock portfolio before the upcoming Presidential Election scheduled to be held on 26th January 2010.
Tuesday, January 12, 2010
Sri Lanka shares closed lower – Stock Market Report 12th Jan 2010.
Market fell due to price drop in index heavy weighted stocks. ASI closed at 3494.62, down by 21.16 points. MPI lost 4.58 points to close at 4005.89. Turnover was healthy at 1.30 billion rupees.
The Bukit Darah Plc a Malaysian Palm Oil company lost 101.00 rupees to close at Rs 3000.00 while diversified Blue Chip Aitken Spence Plc closed at Rs 1200.00, down thirty rupees. Colombo Dockyard Plc dipped by 5.25 to end the day at Rs 275.00. Highly capitalized Sri Lanka Telecom closed the day one rupee lower at Rs 42.50.
National Development Bank was down by 3.00 to close at Rs 204.25 while Sampath Bank closed at Rs 219.75, down Rs 2.25. Eagle Insurance Plc lost 5.25 to close at Rs 170.25.
Distilleries Company of Sri Lanka gained 75 cents to close at Rs 117.50. Investor interest seen on Environmental Resources Investment Plc (GREG) & closed Rs 17.75 higher at Rs 74.25. Over 2.7 million of GREG shares traded today.
There was net foreign outflow as foreign purchases amounted to Rs 262.1 million rupees & their sales amounted to Rs 309.3 million.
Friday, January 8, 2010
Stock Trading Versus Forex Trading-Which Is Better?
In the world of financial dealings, there are different types of markets investors can place their money in. Investors will can gamble on commodities and futures, invest their money in bonds that have a guaranteed return, but take years to be able to collect, invest in stocks, or trade currencies on the Forex market. While only bonds carry a guaranteed return, commodities and futures are so risky that they could not be considered stable income providing investments. This leaves stock trading and Forex trading. Of the two, stock trading versus Forex trading-which is better?
Stock trading has the advantage of transferring ownership of a small percentage of large corporations. The price of stocks varies from day to day, hour to hour, sometimes minute to minute. However, substantial gains on the stock market normally take months to years to develop. This is because businesses often take months to years to grow in value in to afford to pay dividends to stockholders and to make the price of their stocks go higher because the company is more valuable.
Stock trading for the long-term has been shown to be a relatively stable investment, especially if a person diversifies and places money in different stocks. This is the basis of many mutual funds and 401(k)/403(b) type retirement programs.
The basic idea is to take a small amount of money placed it in the market in a stock that the broker is confident will gain in value, then sit back and wait as the investment grows. Periodic additions from investors and in the case of retirement plans and their employers also add to the value.
For those who seek a little excitement with potential for a lot of gain, the Forex market may be the way to go. Trading on the Forex market involves extremely high volatility and fluidity. Basically, this means that trading on the Forex market can either gain large amounts or lose large amounts in value in a very short time. Often, this time to be measured in minutes or hours.
There are tools in place, especially on Internet-based platforms, that allow investors to make technical analyses of market trends over any period of time they choose. By making correct use of these analyses, investors are able to chart trends and make educated estimates on when is the best time to enter a trade or to exit one. Under the right conditions, a smart Forex investor can make as much money over the course of a few hours as the average stock investor makes in a year.
Therefore, when trying to decide which is the best type of investment for you, stock market versus Forex trading, one must analyze one's goals. If the goal is to produce a steady long-term return on investment, the stock market provides a more stable environment in most circumstances. However, certain situations can arise that caused the value of the stock market to plummet very quickly and a person can lose a lot of money.
If the goal is to make money quickly, efficiently, and the person is not afraid of a little bit of risk, the Forex market may be where this person should invest. One must pay more attention to how one's investment is doing on a minute by minute basis in Forex, but, if handled rightly, Forex investments tend to have a much larger return on investment in a much shorter period of time.
Stock trading has the advantage of transferring ownership of a small percentage of large corporations. The price of stocks varies from day to day, hour to hour, sometimes minute to minute. However, substantial gains on the stock market normally take months to years to develop. This is because businesses often take months to years to grow in value in to afford to pay dividends to stockholders and to make the price of their stocks go higher because the company is more valuable.
Stock trading for the long-term has been shown to be a relatively stable investment, especially if a person diversifies and places money in different stocks. This is the basis of many mutual funds and 401(k)/403(b) type retirement programs.
The basic idea is to take a small amount of money placed it in the market in a stock that the broker is confident will gain in value, then sit back and wait as the investment grows. Periodic additions from investors and in the case of retirement plans and their employers also add to the value.
For those who seek a little excitement with potential for a lot of gain, the Forex market may be the way to go. Trading on the Forex market involves extremely high volatility and fluidity. Basically, this means that trading on the Forex market can either gain large amounts or lose large amounts in value in a very short time. Often, this time to be measured in minutes or hours.
There are tools in place, especially on Internet-based platforms, that allow investors to make technical analyses of market trends over any period of time they choose. By making correct use of these analyses, investors are able to chart trends and make educated estimates on when is the best time to enter a trade or to exit one. Under the right conditions, a smart Forex investor can make as much money over the course of a few hours as the average stock investor makes in a year.
Therefore, when trying to decide which is the best type of investment for you, stock market versus Forex trading, one must analyze one's goals. If the goal is to produce a steady long-term return on investment, the stock market provides a more stable environment in most circumstances. However, certain situations can arise that caused the value of the stock market to plummet very quickly and a person can lose a lot of money.
If the goal is to make money quickly, efficiently, and the person is not afraid of a little bit of risk, the Forex market may be where this person should invest. One must pay more attention to how one's investment is doing on a minute by minute basis in Forex, but, if handled rightly, Forex investments tend to have a much larger return on investment in a much shorter period of time.
If you are from Sri Lanka & thinks you can’t trade FOREX, you are wrong. You can start trading with as little as US$ 100. All you need is Visa or Master credit card to deposit & withdraw your funds. You can get more information from here or mail me at info@stock-market-today.net.
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Another rally begins at Colombo Stock Market.
At the end of trading on Friday, the benchmark All Share Index closed 36.07 points higher at 3514.63 while more liquid Milanka index closed at 4039.36, up 38.12 points. Turnover was 929.6 million rupees. Despite sharp rise in last few weeks the technical correction prevailed only for two days.
The Lanka Orix Leasing Company Plc (LOLC) has announced that the acquisition of 50% shareholding of Diriya Investment (Pvt) Ltd for Rs 828,408,930.00. They further said that Diriya Investment (Pvt) Ltd through its subsidiaries & directors has the controlling stake in Browns & Company Plc. LOLC closed 8.75 higher at Rs 150.00.
The Bukit Darah Plc gained 250.00 to close at Rs 3150.00. Index heavy Dialog Telekom closed at Rs 7.00, up25 cents while Distilleries Company of Sri Lanka Plc gained one rupee to end the day at Rs 117.00. Illiquid Nuwara Eliya Hotels Company Plc was up by 17.00 rupees to close at Rs 407.00.
Eagle Insurance Plc the subsidiary of AVIVA international lost five rupees to close at Rs 174.00.Tea Small Holder Factories Plc lost 5.75 to close at Rs 134.00.
There were 93 gainers & 44 losers during the day. Foreigners purchased Rs 101.5 million worth of stocks while sold stocks valued Rs 143.7 million.
Thursday, January 7, 2010
Highly volatile day!
Today at CSE there was heavy fluctuation in indices. Market crashed in early trading as investors start to cash out their profit on recent gains. Within one hour of opining All Share index fell more 45 points, but later in the day bargain hunters came to rescue the market. ASI closed at 3478.56, down 30.80points while MPI lost 40.68 points to close at 4001.24. Turnover was 1.64 billion rupees.
Distilleries Company of Sri Lanka Plc started trading at Rs 117.75 then dipped to Rs 112.50, but managed to close only 50 cents lower at Rs 116.00. JKH continues to trade in larger volumes & closed unchanged at Rs 179.50. Highly diversified Blue Chip Hayleys Plc was up 3.50 to close at Rs 185.00. Diesel & Motor Engineering Plc closed at Rs 209.00, up 4.25. The recently listed Renuka Agri Foods Ltd closed flat at Rs 3.30.
Both index heavy weighted, Dialog Telekom & Sri Lanka Telecom lost 25 cents each to close at Rs 6.75 & Rs 43.00 respectively. The Bukit Darah Plc was down by Rs 98.00 to end the day at Rs 2900.00. Ceylon Guardian Investment Trust Plc closed at Rs 500.00, down Rs 17.25.
Foreigners were net sellers today with Rs 1.05 billion in sales & Rs 980.8 million purchases. We believe there will be another mini rally before the presidential election to be held on 26th January 2009.
Wednesday, January 6, 2010
Marginal drop at CSE but Investor sentiment is still strong.
Colombo Market started trading higher but later it was little bit reversed when profit taking starts at the middle of the day. The benchmark ASI slipped 10.58 points to close at 3509.36 but MPI closed 16.26 points higher to close at 4041.32. Today there was massive turnover amounted to 5.99 billion rupees.
Larger crossings (Negotiated Deals) in John Keells Holdings pushed the turnover higher. Over 26.9 million shares of JKH traded & closed the day 50 cents lower at Rs 179.50. Meanwhile 2,287,300 shares of Keells Hotels Plc traded within the price range of Rs 26.00 to 27.75 & closed Rs 1.25 higher at Rs 27.25. Commercial Bank (COMB) gained four rupees to end the day at Rs 197.00. Distilleries Company of Sri Lanka closed at Rs 116.50, up 2.50.
Taj Lanka Hotel was up by 3.75 to close at Rs 30.50 while Tangerine Beach Hotels Plc closed at Rs 69.25, up 1.25.
The Bukit Darah Plc was the day’s biggest loser with dip of Rs 265.75 to close at Rs 2998.00. Colombo Dockyard lost 3.75 to close at Rs 288.25. Sri Lanka Telecom was down by 75 cents to close at Rs 43.25 while Sri Lanka’s largest mobile operator Dialog Telekom Plc closed unchanged at seven rupees.
Foreign purchases were amounted 4.61 billion rupees while sales amounted to 5.03 billion rupees.
Tuesday, January 5, 2010
Investors chases on Colombo Stocks.
Investors chased on fundamentally sound stocks to build up their portfolio before the upcoming presidential election. The presidential election is to be held on 26th January 2010 to elect next Executive President of Sri Lanka.
ASI climbed 38.30 points or 1.10% to close at 3519.94 while MPI crossed 4000 index point to closes at 4025.66. Turnover was at 1.54 billion rupees.
One of our recommended stocks Distilleries Company of Sri Lanka closed at Rs 114.00, up 4.75. Sri Lanka’s only cigarette manufacturer Ceylon Tobacco Plc (A subsidiary of multinational British American Tobacco) was up by 9.75 to close at Rs 209.75. The Colombo Dockyard Plc added another 8.50 to its value & closed at Rs 292.00. John Keells Holdings Plc closed at Rs 180.00, up one rupee. One of retail investor favorite stock Touchwood (A forestry Company) closed Rs 9.25 higher at 95.00.
In banks Finance & Insurance sector, Commercial Bank of Ceylon Plc gained 2.25 to close at Rs 193.00 while National Development Bank gained two rupees to end the day at Rs 211.50. Samath Bank closed at Rs 220.25, up one rupee.
Ceylon Guardian Investment Trust Plc lost 17.75 to close at Rs 517.25 while diversified Aitken Spence Plc was down by 9.00 to close at Rs 1314.25.
Total of 93 stocks gained their value & 54 companies lost during the trading session.
There may be few profit taking attempts within next few days but overall investor sentiment remains positive.
CSE COMPLETES ITS BEST YEAR IN HISTORY TO BECOME THE 2ND BEST PERFORMING STOCK MARKET GLOBALLY
MEDIA RELEASE – Colombo Stock Exchange
5th January 2010
The Chairman of the Colombo Stock Exchange (CSE), Mr Nihal Fonseka, announced today that the CSE completed its best year in history in 2009, overcoming the challenges experienced in 2007 and 2008. The performance of the CSE during the year 2009 made it the 2nd best performing Stock Market in the world, according to Bloomberg Newswire.
Mr Fonseka stated that the All Share Price Index (ASPI), having experienced some volatility during the first few months of 2009, reached historical levels during the post-war period. The index closed the year at 3,385.6 points, the highest level recorded in CSE history. The ASPI recorded a growth of 125.3% for the year 2009, the highest growth recorded by the index for any given year, surpassing the previous record of a growth of 118% for the year 1991. The post –war growth of the index was 77.7%.
The Milanka Price Index (MPI) closed the year at 3,849.4 points, the highest level reached by the MPI since May 2007. The index recorded a growth of 136% for the year 2009, also the highest growth recorded by the index for a given year, surpassing the previous high of 51.4% for the year 2006. The highest point recorded in history by the index was 4,214.8 points on 26th February 2007. The growth of the MPI since the completion of the war was 86.1%.
The price indices of all 20 business sectors of the CSE recorded positive gains for the year 2009, with the Construction & Engineering, Investment Trusts, Oil Palms, Trading and Hotels & Travels sectors recording the largest gains of 356.5%, 322.9%, 254.4%, 239.6% and 198.6%, respectively.
The CSE also achieved the highest turnover for a given year by generating Rs.142.5 billion for the year 2009. The previous record was Rs.114.6 billion generated in the year 2005. The average Daily Turnover for the year is Rs.593.6 million, surpassing the previous high of Rs.481.5 million for the year 2005.
The number of transactions for a trading day also reached a milestone in 2009 when 15,290 trades were executed on 18th June 2009. The previous record was for 13,254 trades executed on 28th July 2005. The total number of transactions executed during the year 2009 of 1.27 million was the highest number of transactions recorded in CSE history.
The net foreign flows recorded an outflow in 2009 of Rs. 788.9 million, the first net outflow recorded since 2001. This was mainly due to the sale of significant holdings in several blue chips by an overseas fund management company that was winding down its funds. The fact that these divestments were easily absorbed by domestic investors without an adverse price impact was an encouraging factor. The largest net foreign inflow of Rs. 13.9 billion was recorded for the year 2008.
The Market Capitalization of the CSE crossed the one Trillion Rupee level for the first time in CSE history in 2009 and closed the year at Rs. 1,092.1 billion, the highest in CSE history.
Source - cse.lk
Monday, January 4, 2010
Colombo Stock Exchange starts trading for 2010 with huge gains.
Retail investors got their New Year Bonus as Renuka Agri Foods (RAL) started trading for the first time today with 70% gain. RAL issued 120 million shares at Rs 2.25 per share last month. Over 41 million shares of RAL traded today within price range of Rs 3.50 to 4.30 & closed at Rs 3.70.
ASI closed at 3781.64, up 96.09 points (2.84%) & MPI gained 112.37 points to close at 3961.75. Both indices were at all time high. Total equity turnover was 1.14 billion rupees (US$ 10 million).
Top five gainers.
1. The Bukit Darah Plc was up by Rs 217.25 to close at Rs 3242.75.
2. Watapota Investments Plc gained 100 rupees to close at Rs 800.00.
3. Ceylon Guardian Investments Trust Plc was up by 85.00 to close at Rs 535.00.
4. Ceylon Investments Plc closed at Rs 300.50, up by 53.00 rupees.
5. Colombo Dockyard Plc was up by 38.75 to end the day at Rs 283.50.
In addition to above high gainers Blue Chip John Keells Holdings Plc closed at Rs 179.00, up Rs 7.50 while Distilleries Company of Sri Lanka Plc was up by four rupees to close at Rs 109.25.
There were 101 gainers & 47 losers for the day. Sri Lanka Telecom lost one rupee to close the day at Rs 45.00 while cellular market leader Dialog Telekom lost 25 cents to close at Rs 7.00.
Foreigners purchased Rs 172.9 million worth of stocks & sold stocks valued Rs 236.7 million. According to brokers there are new foreign fund are waiting to invest in Colombo Market. We suggest that investors should hold or buy fundamentally sound stock such as NDB, DFCC, Commercial Bank & Distilleries to take advantage of future growth.
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(2) Google Analytics
These services may employ third party tracking cookies to gather anonymous browser, operating system, geographic, and web site navigation information. We also host advertisements from Google AdSense on our site; these services may also use cookies to determine appropriate ads that match the interests of our visitors. Acceptance of these tracking cookies (small files placed on your hard drive by your web browser) is not required to use our web site, but browsing without cookies may result in a less than optimal experience in some cases. Our visitors should be aware that Google uses the DoubleClick DART cookie to serve advertisements based on their interests; this information is gathered based on visitors’ behavior on this and other Internet sites. Visitors may opt out of the DART cookie by visiting the Google ad and content network privacy policy.
Please direct any inquiries regarding our privacy policy and data usage guidelines to info@stock-market-today.net.Thank you for supporting our site!
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Security
We follow accepted industry standards to protect any personal information you have provided to us. However, please be aware that no method of electronic storage can ever be 100% secure. Therefore “as is the case with any organization - we are not in a position to guarantee the absolute security of your information.
We collect anonymous usage information on our visitors through two methods,
(1) Log files analysis on our web server
(2) Google Analytics
These services may employ third party tracking cookies to gather anonymous browser, operating system, geographic, and web site navigation information. We also host advertisements from Google AdSense on our site; these services may also use cookies to determine appropriate ads that match the interests of our visitors. Acceptance of these tracking cookies (small files placed on your hard drive by your web browser) is not required to use our web site, but browsing without cookies may result in a less than optimal experience in some cases. Our visitors should be aware that Google uses the DoubleClick DART cookie to serve advertisements based on their interests; this information is gathered based on visitors’ behavior on this and other Internet sites. Visitors may opt out of the DART cookie by visiting the Google ad and content network privacy policy.
Please direct any inquiries regarding our privacy policy and data usage guidelines to info@stock-market-today.net.Thank you for supporting our site!
www.stock-market-today.net - Disclaimer
The information contained in this site, researched and compiled for purposes of information and does not purport to be complete description of the subject matter referred to herein. In preparing this blog (web site) care has been exercised to collect information from sources, which we believe to be reliable although we do not guarantee the accuracy and completeness thereof. www.stock-market-today.net (Stock Market Today) and/or its affiliates and/or its web masters shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.


