Stock Market Today

Market opened on a higher note responding to the relaxation of Broker Credit Rule by SEC. Initially ASI gained more than 100 points but later came down gradually as investors started to book their profit. At the end of the day ASI closed 4.73 points lower at 5924.61 while MPI closed at 5012.41, down 33.68 points. Day’s turnover amounted to 1.38 billion rupees.

90 stocks made gains while 104 stocks lost their value during the trading session. The newly listed Asia Asset Finance Ltd (AAF) was up by further 2.70 to close at Rs 8.50. More than 45 million AAF [...] Continue Reading…

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Sri Lanka Stocks closed higher as investors are anticipating positive news from Securities Exchange Commission of Sri Lanka (SEC). Market witnessed sharp decline last year after imposing strict broker credit rules. However it was done to prevent large-scale market manipulations.

At the end of Thursday’s trading ASI closed 77.41 points or 1.32 points higher to close at 5942.47 while MPI closed at 5065.68, up 55.46 points. Total turnover improved to 1.06 billion rupees.

Asia Asset Finance Limited (AAF.N0000) trading commenced today and closed 1.70 higher than IPO price at Rs 4.20. Its parent company Asia Capital Plc was up by five [...] Continue Reading…

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After early 2011 peak market is still correcting itself. The bench mark Colombo All Share Index lost nearly one percent or 57.58 points to close at 5872.94 while MPI lost 62.72 points to end the day at 5020.43. Total turnover for the day amounted to 434.51 million rupees. Commercial Bank of Ceylon Plc (COMB) was accounted highest turnover for the day. 1,418,000 shares of COMB changed hands during the day and closed 10 cents lower at Rs 99.90.

130 stocks lost their value during the trading session and only 37 stocks managed to close higher. Environmental Resources Investments Plc (GREG) [...] Continue Reading…

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The first trading week of the year 2012 ended on a negative note. The main ASI Index fell 143.9 points for the week to close at 5,930.52 while Milanka index lost 146.01points to close the week at 5,083.15. Total turnover for the week amounted to 1.93 billion rupees compared to last week turnover of Rs 2.75 billion.

Coco Lanka Non Voting shares led the highest percentage gainers list by gaining 12.22 percent or 4.90 rupees to end the week at Rs 45.00. Environmental Resources Investments Plc (GREG) was down by 20.2 percent or 8.10 rupees to close at thirty two [...] Continue Reading…

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Colombo Stock Market managed to sustain the minor upward trend started during the last few days for the new year. However turnover level remain low.

ASI was closed at 6074.87, up 0.45 points while MPI closed at 5239.92, up 10.76 points. Turnover was amounted to 419.71 million rupees. Commercial Bank of Ceylon Plc continued to trade in significant quantities and closed one rupee higher at Rs 101.00.

91 stocks made gains while 79 stocks closed lower. Diversified Blue Chip Hayleys Plc was up by fifteen rupees to end the day at 390.00. 125,700 shares of Hayleys changed hands during the day. [...] Continue Reading…

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The benchmark Colombo All Share Index was up by 1.30 percent or 78.30 points to close at 6093.39 while Milanka Index closed at 5272.64, up 46.53 points. Total equity turnover was amounted to 550.44 million rupees. Foreigners sold Rs 250.65 million worth of stocks and purchases only amounted to 37.77 million rupees. CSE current Market Price Earnings Ratio stood at 15.87x.

159 stocks made gains during the day’s trading while 29 stocks closed lower. Index heavy weighted BUKI, CARS and SPEN pushed the indices higher. BUKI was up by 45 rupees to close at Rs 1050.00 while CARS closed at [...] Continue Reading…

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This platform provides an ideal environment for traders of all experience levels. Experienced traders can recruit their [...] Continue Reading…

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After several of bearish trading days CSE ASI was up by 1.31 percent or 76.52 points to close at 5919.35 while more liquid Milanka Index closed at 5167.81, up 79.56 points. Turnover however continue be low as Holiday Season is getting closer. Day’s turnover amounted to Rs 348.96 million.

165 stocks closed higher than yesterdays closing prices while 24 companies lost their value during the day. Index heavy SLTL was the main contributor for todays index upturn by gaining 1.70 to close at Rs 46.00. Hatton National Bank was up by six rupees to close at Rs 150.00. HDFC closed [...] Continue Reading…

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CSE Press Release.

The composition of the companies in the MILANKA Price Index with effect from 1st January 2012 is as follows:

New Inclusions for the 1st Half 2012

Central Finance Company PLC

Colombo Land and Development Company PLC

DFCC Bank

Free Lanka Capital Holdings PLC

Lanka Orix Leasing Company PLC

Vallibel One PLC

Union Bank of Colombo PLC

Exclusions from the 2nd Half 2011

Dialog Axiata PLC

Hemas Holdings PLC

Janashakthi Insurance PLC

John Keells Hotels PLC

Merchant Bank of Sri Lanka PLC

Nawaloka Hospitals PLC

Pan Asia Banking Corporation PLC

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The main All Share Price Index fell 0.54 percent or 31.73 points to 5860.96, while the more liquid Milanka index (MPI) dropped 0.57 percent or 29.27 points to close at 5105.41, according to stock exchange closing figures after Monday’s trading. Turnover was amounted to 537.64 million rupees.

There were 85 gainers and 79 losers for the day. Price declines in index heavy JKH and BUKI was the main reason for today’s sharp fall in indices. JKH lost 3.30 to close at Rs 170.10 while BUKI closed at Rs 1006.20, down 67.40.

Hatton National Bank lost 4.50 to close at Rs [...] Continue Reading…

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