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.

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.

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.

Sri Lanka shares up! Heavy trading in selected stocks!

Colombo ASI was closed at 2623.50, up 23.63 while Milanka index gained 23.57 points to close at 2987.78. Turnover was 969.7 million rupees.

Heavily traded stocks.

Seylan Bank – Nonvoting (6,566,400) closed at Rs 12.00, up three rupees.
Merchant Bank of Sri Lanka (5,733,200) closed at Rs 28.00, up Rs 4.50.
The Finance Co Plc (2,851,400) closed at Rs 29.25, up 1.25.
Dialog Telekom Plc (2,060,900) closed at Rs 5.75, up 25 cents.
Colombo Dockyard closed the day 2.25 higher at Rs 140.25. Heyleys Plc gained 3.00 rupees to close at Rs 140.00.

Diversified Blue Chip John Keells Holdings lost 50 cents to close at 135.50 while the subsidiary of US based oil giant Chevron, Chevron Lubricant Lanka Plc lost 4.25 to Rs 150.25.

There were net foreign inflows today as foreigners bought 153.9 million worth of stocks & sold stocks valued Rs109.5 million.

Colombo Stocks up! Sharp gains in selected stocks!

31-08-2009

ASI was up by 6.15 points to close at 2607.65 while MPI also gained 11.19 points to end the day at 2975.68. Turnover was 583.7 million rupees, boosted by large parcels in Environmental Resources Investment Plc (1,195,900), Hotel Services (Ceylon) Plc (2,245,000) & Nawaloka Hospitals Plc (6,075,400).

Aitken Spence Plc was up by 13.00 rupees to close at Rs 658.00 while its Hotel subsidiary Aitken Spence Hotels Plc gained by Rs 7.25 to close at 185.50.

Sri Lanka’s only Dry Dock operator Colombo Dockyard Plc continues to trade strongly & closed at Rs 135.25, up Rs 8.25. The local unit of Chevron, Chevron Lubricant Lanka plc was up by 3.75 to close at Rs 148.75.

In banking sector, Hatton National Bank Plc was up by 3.00 to close at Rs 138.00 while Sampath Bank Plc closed the day 1.50 higher at Rs 145.25.

Few plantation stocks shed their value today, namely Bogawanthalawa Plantation Plc lost three rupees to close at Rs 46.00. Elpitiya Plantations Plc was down by 2.25 to close at Rs 54.50.
There were net foreign out flow today as foreign investors bought Rs 50.3 million worth of stocks & sold stocks valued at Rs 89.7 million.

Brokers said market outlook remains positive. Retail investors were picking up hotel stocks with expectation of better tourist arrivals in coming months.

Colombo Stock Market ends the week on positive note.

Friday 28th August 2009.

ASI closed the day at 2601.50, up 13.46 points while more liquid Milanka gained 29.34 points to close at 2964.49. Turnover was Rs 720.4 million. John Keells Holdings Plc (JKH) alone contributed Rs 237.9 million towards total market turnover by trading 1.75 million shares. JKH closed the day at Rs 135.50, down 50 cents.

Hotel stocks were retail investor top pick as few of them gained significantly. Tangerine Beach Hotels Plc traded Rs 80.00 per share in early trading but closed 4.75 higher at Rs 72.50. Royal Palms Beach Hotels was up by six rupees to close at Rs 70.00. Aitken Spence Hotel Holdings Plc closed the day 3.00 higher at Rs 178.25.

Index heavy Dialog Telekom gained 25 cents to close at Rs 5.75 & more than 1.5 million shares traded.

Eagle insurance lost 4.50 to close at Rs 170.00. Sri Lank Telecom lost 25 cents to close at Rs 42.25.

There were 67 stocks gained while 56 lost their value today.

Colombo ASI hits 15 month high! Turnover exceeds One Billion rupees.

27-08-2009.

In early trading ASI touched 2592.94 (15 months High) but closed the day 35.01 points higher at 2588.04. MPI was up by 30.94 points to end the day at 2935.15. Turnover was LKR 1.14 billion.

Six million four hundred & seventy two thousand & three hundred shares of Hotel Services (Ceylon) Plc traded today within price range of Rs 18.50 to 21.00 & closed the day 2.25 higher at Rs 20.50.

Diversified Blue Chip John Keels Holdings contributed Rs 224.6 for today’s turnover by trading 1,661,900 shares. JKH closed 75 cents higher at Rs 136.50. Over two million shares of Dialog Telekom traded & closed at Rs 5.50, up 25 cents.

Retail investors chased on hotel sector stocks. Beruwela Walk Inn was up by 6.75 to close at 66.75 while Browns Beach Hotels Plc gained 4.75 to close at Rs 75.00. Tangerine Beach Hotel Plc closed the day 7.50 higher at Rs 67.75.

In banking & finance sector, Sampath Bank Plc was up by 5.75 to close at Rs 142.00 while Commercial Bank of Ceylon Plc added 3.25 to its value & closed at Rs 150.25.
Sri Lanka’s only Ship Builder Colombo Dockyard Plc is still strong & closed at Rs 126.50, up Rs 4.00.

Brokers said investors are optimistic on higher foreign inflow to the local equity market after international rating agency upgraded its outlook on Sri Lanka from negative to stable.
There were 117 gainers & only 24 losers during the trading day.

Sri Lanka shares closed marginally higher as Ceylon Tobacco gains.

Colombo Stock Market Report-26-08-2009.

Colombo ASI closed 5.59 points higher at 2553.03 while MPI was up by 12.35 points to close at 2904.21. Ceylon Tobacco the subsidiary of multinational tobacco giant British American Tobacco gained further 7.50 to close at Rs 183.25.

Turnover was Rs 437.2 million.

Chevron Lubricant Lanka Plc closed the day 4.50 higher at Rs 145.50. Ceylon Cold Stores, the manufacturers of Elephant brand soft drinks & processed meat products closed at 149.00, up 11.00 rupees.

Aitken Spence Hotel Holdings was up by five rupees to close at Rs 175.00. Confifi Hotel Holdings Plc gained by 4.50 to close at Rs 135.00.

HDFC lost one rupee to close at Rs 91.00. Ceylinco Insurance nonvoting shares lost 4.50 to close at Rs 135.00.

Announcements at Colombo Stock Exchange.

26-Aug-2009 DISCLOSURE OF DEALINGS BY DIRECTORS

Ceylon Tobacco Company PLCDate of Announcement - 26.08.2009 The Company has informed the CSE the following details, Name of Director - Mr.J.D.Bandaranayake (Non Executive Director) Nature of transaction - Purchase of Shares Date of the Transaction - 25th August 2009Number of Securities Purchased - 4,800 at Rs. 162/- per shareNumber of Securities Purchased - 3,700 at Rs. 160/- per shareNumber of Securities Purchased - 300 at Rs. 159/- per shareNumber of Securities Purchased - 300 at Rs. 161.50/- per share

Colombo Stock market trading report – 20-08-2009.

ASI was up by 1.58 points to close at 2524.62 while more liquid Milanka index (MPI) gained 3.39 to close at 2843.49. Turnover was at Rs 333.6 million.

Ceylon Tobacco up by four rupees to end the day at Rs 155.00 but on low volume. Eagle Insurance, subsidiary of AVIVA international closed Rs 10.00 higher at 169.00 rupees.
Highly diversified Blue Chip JKH closed the day 75 cents higher at Rs 134.25.

Most of Hotel sector shares lost today due to profit taking by investors on recent gains. Hotel Sigiriya Plc lost 4.25 to close at Rs 63.25. Browns Beach Hotels Plc closed the day Rs 2.50 lower at 69 rupees. Royal Palms Beach Hotels Plc also shed 2.50 to close at Rs 65.50.

There were 57 losers & 40 gainers during the trading session. There were net foreign outflow as foreigners bought Rs 117.6 million worth of stocks & sold stocks valued at Rs 131.4 million.

Meanwhile Sri Lanka's Central Bank announced county's foreign is gong to rise to $ 3 billion with recent local bond purchase ($875 Million) by foreign investors.

Colombo Stock market lost few points.

CSE Report 19-08-2009.

ASI lost 7.64 points to close at 2523.04 while Milanka index lost 4.41 points to end the day at 2840.10. Turnover was 365.9 million rupees.

Large parcels (2,165,200) of Richard Peiris & Co Plc traded today within price range of Rs 32.75 to 34.75 & closed one rupee higher at Rs 34.00. Ceylon Tobacco Plc the subsidiary of British American Tobacco company gained 6.50 to close at Rs 151.00.

The well diversified Fast Moving Consumer Goods (FMCG) producer Hemas Holdings as up by 2.00 to close at Rs108.50. Blue Chip John Keells Holdings added 50 cents to close at Rs 133.50.
Dialog Telekom lost 25 cents to close at Rs 5.25 while Sri Lanka Telecom slipped 50 cents to close at Rs 42.50.

There were 79 losers & 49 gainers during the trading day. Foreigners bought Rs 74.4 million worth of stocks & sold stocks valued Rs 49.8 million.

Market outlook is positive & investors were selectively buying stock which may benefit from post war construction boom.

Sri Lanka shares lost marginally on final trading day of the week.

CSE Stock Market Report 07-08-2009.

ASI slipped 2.58 points to close at 2525.04 while MPI closed 6.94 points higher to close at 2883.80. Turnover was respectable at 452.2 million rupees. Hotel services (Ceylon) Plc was the highest contributor for today’s turnover with 146.5 million rupees.

Colombo Dockyard Plc gained 3.25 to close at Rs 120.00. Lanka Orix Leasing (LOLC) ended the day four rupees higher at Rs 110.00. Hatton National Bank was up by 1.25 to close the day at Rs 130.00.

Carsons group of companies continued to post higher gains.

Multinational milk product producer Nestle lost 89 rupees on 100 shares. Nestle closed at Rs 251.00. Distilleries lost 1.25 to close at Rs 86.00.

There was 13.3 million rupees foreign outflow for the day. There were 66 companies reported gains while 55 reported price declines.

Announcements @ Colombo Stock Exchange.

07-Aug-2009 SERIOUS LOSS OF CAPITAL - Kshatriya Holdings PLC
The Company has informed the CSE, "it has been brought to the notice of the Board of Directors by the Group Finance Manager that the net assets of the Company are less than half the value of the Stated Capital of the Company. The Board shall therefore, as required by section 220 of the Companies Act No.7 of 2007 prepare a report dealing with the nature and extent of the losses, the causes of the losses incurred and the steps if any, being taken by the Board to prevent further losses or to recoup the losses and shall call an Extraordinary General Meeting of the Shareholders to discuss the said report.

An Extraordinary General Meeting of the shareholders shall be called on the 8th of October 2009 in order to discuss the report to be prepared by the Board and to discuss the financial position of the Company".

Colombo Stocks hit one year high but closed marginally higher.

22-07-2009 CSE Trading Report.

Sri Lanka shares hit one year high in early trading but came down & closed 11.71 points higher at 2485.28 while MPI closed 24.55 points higher at 2773.63.

Turnover was Rs 657.5 million.

Aitken Spence Plc was up by 9.75 to close at Rs 639.75. Sri Lanka’s largest finance company Central Finance Plc gained 3.50 to close at Rs 228.50.

Chevron Lubricant Lanka Plc was up by two rupees & 50 cents to close at Rs 125.75. State controlled Housing Development Finance Cooperation (HDFC) closed 3.50 higher at Rs 88.00.

Lanka Cement (LCEM) gained 4.25 on 1.9 million shares & closed at Rs 36.75. LCEM factory was situated in north of Sri Lanka where raw materials for cements are freely available. Lanka Cement factory was closed due to civil war prevailed past three decades. Investors were optimistic on reopen of cement factory as civil war completely ended.

Colombo Dockyard which was on upward path for last few weeks lost 1.25 today & closed at Rs 116.75.
Distilleries Co lost one rupee to end at Rs 87.00.

Colombo Market lost further as other Asian Markets fall again.

CSE Market Report – 08-07-2009.

Asian stocks continued their week long fall today, most markets down 2% or more as more negative news coming in from world economy. Japan Nikkei 225 lost 2.4%.

Colombo ASI & MPI both lost 15 points each to close at 2376.22 & 266719 respectively. Turnover was Rs 172.7 million.

Ceylinco Insurance gained 14.75 to close at Rs 200.00. Plantation related stocks improved little bit with retail interest.

Eagle Insurance lost eleven rupees to close at Rs 140.00. John Keells Holdings was down by one rupee to end at Rs 132.50. Samapth Bank ended the day three rupees lower at Rs 106.00.

Foreign funds are not willing to invest in equities in big way due to unclear economic environment around the globe.

Colombo Stocks dipped but high demand for selected stocks.

CSE – Daily Report-01-07-2009.

Colombo ASI lost 13.42 points to close at 2418.73 while MPI lost 7.08 points to close at 2714.56. Turnover was Rs 304.2 million.

Lanka Cement was up by two rupees & over 1.5 million shares traded. Lanka Cement closed at Rs 25.00. Sierra Cables gained 10 cents (5.88%) on 5,095,900 shares & closed at Rs 1.80.
Distilleries added another one rupee to its value & closed at Rs 88.75. John Keells Holdings closed the day flat at Rs 136.75.

Most of the hotel sector stocks continue to fall after US Government travel warning issued to their Citizens despite peaceful environment currently prevailing in Sri Lanka. Eden Hotel lost 50 cents to close at Rs 21.00. Hotel Developers was down by three rupees to close at Rs 104.50. Aitken Spence Hotel Holdings lost 3.00 to close at Rs 142.00.

Announcements @ CSE

01-Jul-2009 DE-LISTING - ASSOCIATED ELECTRICAL CORPORATION PLC

Please note that the above Company has been de-listed from the official list of the Colombo Stock Exchange with effect July 01, 2009.

01-Jul-2009 DE-LISTING - COMMERCIAL LEASING COMPANY PLC

Please note that the above Company has been de-listed from the official list of the Colombo Stock Exchange with effect July 01, 2009.

01-Jul-2009 DISCLOSURE OF DEALINGS BY DIRECTORS .cont

DFCC BANK Date of Announcement - 01.07.2009The Company has informed the CSE the following details:Name of Director - Mr.A.N. Fonseka (Director/General Manager)Date of the Transaction - 30th June 2009 Nature of transaction - Sale of SharesNumber of Securities Sold - 60,000 at Rs. 135/- per shareCOCO LANKA PLCDate of Announcement - 30.06.2009The Company has informed the CSE the following details:Name of Director - Dr. S.R.RajiyahDate of the Transaction - 30th June 2009 Nature of transaction - Sale of SharesConsideration per share received - Rs.31/=Number of Securities Sold - 100,000

Sri Lanka Stocks down by 7.72 points.

Market Report – 30-06-2009.

All share index closed lower at 2432.15 while more liquid Milanka closed 13.85 points higher at 2721.64. Turnover was high at Rs 567.07 million.

National Development Bank was up by one rupee to close at Rs 152.50. DFCC closed the day flat at Rs 135.25 while Commercial Bank of Ceylon Plc (COMB) closed two rupees lower at Rs 134.00.

Index heavy weight cellular leader closed 25 cents higher at Rs 5.25. Distilleries added 75 cents to close at Rs 87.75.

Asian Markets were mixed.

Announcements at CSE.

30-Jun-2009 ANNUAL REPORTS OF LISTED COMPANIES.

The following Companies have released their Annual Reports for the year ended 31st March 2009 /31st December 2008 to the CSE.Released to the Market on 30.06.2009 - CARG, SIRAReleased to the Market on 29.06.2009 - CWM, RICH, REXP, NAMU, KGAL & MASKReleased to the Market on 25.06.2009 - HSIG, STAF, KOTA, SHOT & GLASReleased to the Market previously - AAIC, AGAL, AHPL, AHUN, APDL, ATL,BALA, BOC, BREW, BINN, CCS, CIC, CHL, CINS, CDIC,CHMX, COMB, COMD, CONN, CTC, CTCE, DFCC, DIAL, DIMO, DIPD, DPL, DOCK, GOOD, GRAN, HAPU,HAYL, HAYC, HHL, HNB, HUNA, HDFC, INDO, JFIN, JKL, JKH, KAHA, KHL, KFP, KVAL, LCEY, LFIN, LOLC, LHL, LION, LLUB, MADU, MBSL, MGT, NDB, NEST, NTB, OSEA, PABC, PDL, PEG, RCL, REG,REEF,RHTL, SAMP, SELI, SHAL, SINI, SINS, SEYB, SLTL, SPEN, TAFL, TKYO, TWOD, TRAN, TSML, TPL, UCAR, UDPL, WATA & WAPO.

30-Jun-2009 CAPITAL REACH HOLDINGS LIMITED - ASIA CAPITAL PLC

The company has informed the CSE that " Further to our announcement dated June 24, 2009 we wish to inform you that Asia Capital PLC (ACAP) purchased a further quantity of 2.5 Million shares of Capital Reach Holdings Limited (CRHL) at a price of Rs. 10/- per share and thereby increased its shareholdings to approximately 56% of the issued share capital of CRHL".

Colombo stocks lost marginally – Market Report- Monday 29th June 2009.

Colombo market opened higher on early trading but closed little lower at end of the trading session. All share index was down by 12.14 points to close at 2439.87 while Milanka index lost 19.67 points to close at 2707.79. Turnover was Rs 563.4 million.

Country’s cellular market leader Dialog Telekom lost 25 cents (4.76) to close at Rs 5.00. An illiquid Bukit Darah Plc lost 99 rupees to close at Rs 1051.00.
The Finance Plc was up by 5.75 to close at Rs 27.25 on 1.8 million shares. John Keells Holdings closed one rupee higher at Rs 137.00. Distilleries Company of Sri Lanka Plc gained 50 cents to close at Rs 87.00.

Development Finance Corporation (DFCC) closed the day unchanged at Rs 135.25 while Commercial Bank of Ceylon Plc lost 25 cents to close at Rs 136.00.

Stock prices will stabilize over current week & may fluctuate within narrow range.

Colombo stocks ended on positive note.

Wednesday the 27th May ASI ended 13.58 points higher at 2156.04 while MPI closed the day 14.69 points higher at 2458.97. Turnover was Rs 984.7 million.

Investors were busy with buying hotel & banking shares. Colombo Dockyard (My favorite Stock) gained Rs 11.50 to close at Rs 83.50. Sri Lanka’s largest privately held bank Commercial Bank of Ceylon Plc (COMB) was up by 4.25 to close at Rs 120.50.

Over 46 million Dialog Telekom shares traded today but ended unchanged at Rs 5.50.
JKH lost two rupees & ended the day at Rs 110.00.

Most of brokers are optimistic about this positive trend as no negative news from local front.

Announcements at CSE

27-May-2009 REINSTATEMENT OF REGISTRATION - JANASHAKTHI INSURANCE PLC

The Company has informed the following to the CSE, "In accordance with Colombo Stock Exchange regulations, of the need to inform the Colombo Stock Exchange of any matter of relevance that will impact share prices, I now wish to inform you that the Insurance Board of Sri Lanka has revoked the suspension imposed on Janashakthi Insurance PLC, with effect from 2.00 pm on 27th May 2009.

The suspension was imposed on 12th May 2009 for a period of 03 weeks until 02nd June 2009.

The company was requested to show cause on why the suspension should be lifted. The Insurance Board of Sri Lanka has accepted the Company's explanations and the suspension has been accordingly revoked".

27-May-2009 JANASHAKTHI INSURANCE - INSURANCE BOARD OF SRI LANKA (IBSL)

Insurance Board of Sri Lanka informed the following to the CSE, "Insurance Board of Sri Lanka has removed the suspension of registration imposed on Janashakthi Insurance PLC in respect of Long Term Insurance Business and General Insurance Business with effect from 2 p.m. today(27th May 2009)after Janashakthi Insurance PLC having shown sufficient cause to the IBSL".