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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.

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.

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.

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.

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.    

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.

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 26^th January 2009.

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.

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 26^th 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.

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.

Colombo Stock Exchange ended trading for year 2009 with record high.

In year 2009 CSE has reached its highest level. Indices gained more than 120% for the 2009. Today the final trading day of the year All share Index closed at 3385.55, up 28.96 points while more liquid MPI closed 28.81 points higher at 3849.38. Turnover for the day was 765.4 million rupees.

The Colombo Dockyard Plc was up by Rs 17.00 to close at Rs 244.75. Dockyard gained more than 250% since May 2009. Tokyo Cements (Lanka) Plc closed at Rs 322.25, up 11.25. Mobile Telecom giant Dialog Telekom Plc closed unchanged at Rs 7.25. Hatton National Bank was up by 2.25 to close at Rs 170.25 while Sampath Bank gained 3.25 to end the day at Ra 204.25.

Asiri Central Hospitals Plc was down by 8.25 to close at Rs 106.75. The Chevron Lubricant Lanka Plc lost 5.75 to close at Rs 141.75. Distilleries Company of Sri Lanka Plc (DIST) closed 25 cents lower at Rs 105.25. DIST is one of good stock you should buy as it has potential to go up 40 to 50 rupees within next year. They have invested in fully owned insurance subsidiary & amount due from government is more than Rs 6 billion (US$ 52 million+).

Hope 2010 will be most challenging year for Colombo Stock Market. We need more foreign funds to invest here. War is not a subject to talk about any more. We have peace now this is the best time to build our economy.

We (Stock Market Today) wish our readers Happy Peaceful & Profitable New Year!

Another positive day for Colombo Share Market.

ASI managed to close 11.70 points higher at 3356.59 while MPI closed at 3820.57, up 11.55 points. Turnover recorded for the day was Rs 620.9 million. There were retail investor interest seen on shares under rupees 10.00.

Dialog Telekom (1,843,400 shares) closed the day unchanged at Rs 7.25 while over one million Piramal Glass Ceylon Plc shares traded at Rs 2.10 per share. Large quantities (1,022,900 shares) traded in Blue Diamond Jewelry Worldwide Plc & closed 10 cents lower at Rs 2.00.

The Bukit Darah Plc added Rs 87.50 to its value and closed at Rs 2850.00. J.L Morison Sons & Jones (Ceylon) Plc was up by Rs 49.50 to close at Rs 799.50 on 200 shares.    Carson Cumberbatch Plc closed at Rs 455.50, up 17.25.

Aitken Spence Plc lost 25 rupees to close at Rs 1325.00. Nestle Lanka Plc dipped by Rs 9.50 to end the day at Rs 415.00.

There is good news for investors who subscribed for Renka Agri Foods initial Public offering (IPO). Colombo Stock Exchange has announced that the Renka Agri Foods shares will be start trading on 4^th January 2010. The assigned security code is RAL-N-0000. It was classified under Beverage, Food & Tobacco sector.

There is only one more trading day for the year 2009; the 31^st December 2009 is a public holiday in Sri Lanka.

The Presidential Election campaigns are heating up; both top two candidates are working hard to win the most powerful post in the country.

 There are so many online polls are currently active on various websites with deferent results.  Some visitors may try to manipulate the poll results by voting more than once. This is not a campaign for any particular Presidential Candidate. So please give only one vote for your preferred person.

Remember these online opinion polls don’t give 100% clear picture. Most of (90%) internet users in Sri Lanka are from Colombo District or Western Province.

You can find the poll widget on top left hand corner of this blog.

                                                                                                                           

Sri Lanka shares closes higher on Monday.

Market started fresh week with the optimism. ASI closed at 3344.89, up 52.13 points while MPI closed 31.78 points higher at 3809.02. Turnover was 563.2 million rupees.

Aitken Spence Plc was the today’s biggest gainer with Rs 151.25 gain to close at Rs 1350.00. The Bukit Darah Plc was up by 35.25 to close at Rs 2762.50. Nestle Lanka Plc closed at Rs 424.50, up 14.50.

In Banks Finance & Insurance sector, Central Finance was up by four rupees to close at Rs 310.00. National Development Bank closed at Rs 205.00, up 3.50 while Development Finance Cooperation of Ceylon (DFCC) closed one rupee higher at Rs 165.75. Commercial Bank of Ceylon Plc closed at Rs 189.00, up two rupees.

The two index heavy telecom giants, Sri Lanka Telecom & Dialog Telekom closed 75 cents & 25 cents higher to close at Rs 46.50 & Rs 7.25 respectively.

Watawala Plantations Plc lost 2.50 to end the day at Rs 86.75. Diversified Blue Chip Hayleys Plc lost one rupee to close at Rs 174.00. Alcohol producer Distilleries Company of Sri Lanka Plc closed 1.50 lower at Rs 105.50.

Announcements at Colombo Stock Exchange.

28-Dec-2009 SUB DIVISION OF SHARES DATES   

TOKYO CEMENT COMPANY (LANKA) PLC (Voting Ordinary Shares)
Date of Announcement: - 28. December 2009
Company ID: TKYO
Date of EGM - 20 January 2010
Sub Division based on the shareholding as at end of trading on - 20 January 2010
Period of Dealing Suspension (Both days inclusive): 21 January 2010 to 27 January 2010
Date of commencement of trading: 28 January 2010

CSE recovered from yesterday’s losses.

The benchmark Colombo All Share Index (ASI) was up by 26.76 points to close at 3292.76 while more liquid Milanka Price Index (MPI) gained 32.91 points to close at 3777.24. Turnover was 868 million rupees.

Distilleries Company of Sri Lanka Plc was up by 3.75 to close at Rs 107.00 with the announcement of receiving approval for their newly formed insurance subsidiary. Aitken Spence Plc closed at Rs 1198.75, up 63.00 rupees. More than 1.3 million of Asian Hotels & Properties Plc shares traded within price range of Rs 90.00 to 92.00 & closed 50 cents higher at Rs 90.50.

Colombo Dockyard closed at Rs 220.25, up two rupees. Sri Lanka’s largest privately held commercial bank, Commercial Bank of Ceylon Plc gained 1.50 to end the day at Rs 187.00. National Development Bank was up by 1.25 to close at Rs 201.50 while DFCC closed at Rs 164.75, up one rupee.

Ceylinco Insurance Nonvoting lost seven rupees to close at Rs 125.00. Ceylon Tea Services closed at Rs 376.00, down by four rupees.

Hope market will retain its current bullish trend for the rest of few days in year 2009.

We wish our readers Merry Christmas!

Image via Wikipedia

Investors take profit ahead of holiday season.

Colombo shares opened higher but closed marginally lower due to selling pressure which was started on middle of the day. Investors were taking advantage of huge gains made during the last few days. ASI lost 14.82 points to close at 3266.00 while MPI lost 12.69 points to end the day at 3744.33.

Turnover was 1.3 billion rupees. More than 3.2 million shares of Asian Hotel & Properties Plc traded today & closed two rupees higher at Rs 90.00. Eagle Insurance was up by Rs 5.75 to close at Rs 183.75. Asiri Central Hospitals Plc 110.00, up four rupees.

Aitken Spence Plc lost 14.25 to close at Rs 1135.75 on 98,100 shares. Carsons  Cumberbatch Plc closed at Rs419.50, down 13.50. Haycarb Plc was down by 4.00 to close at Rs 140.25. Distilleries Company of Sri Lanka Plc lost 2.25 to close at Rs 103.25 while Colombo Dockyard Plc declined by Rs 3.75 to end the day at Rs 218.25.

Foreigners sold Rs 541.7 million worth of stocks while purchased Rs 47.8 million worth of stocks.  

Colombo Bourse closes higher as Blue Chips leading the way up.

At the end of Tuesday’s trading ASI gained 46.54 points to close at 3280.82 while MPI closed at 3757.02, up 67.74 points. Heavy trading in HNB & JKH helped to generate Rs 1.44 billion turnover for the day.

The Bukit Darah Plc was up by Rs 320.75 to close at Rs 2499.75 while Aitken Spence Plc gained further fifty rupees to close at Rs 1150.00. Index heavy Blue Chip; John Keells Holdings closed Rs 9.75 higher at Rs 172.00 & over 1.6 million shares traded for the day. There were larger parcels (1,029,100 shares) of Hatton National Bank traded & ended the day 2.75 lower at Rs 166.50.

Retail investor interest has seen on ACL Plastics which was appreciated by Rs 6.25 to close at Rs 75.75. Dialog Telekom lost 25 cents to close at Rs 6.75 while Sri Lanka Telecom closed at Rs 45.00, up one rupee.

Foreigners were net sellers with Rs 673 millions of sales & Rs 185 million worth of purchases. It is looks like the upward trend is strong & will stay next couple of days.

     

Sri Lanka Stock Market hits another record high.

Colombo Stock Market continued its upward trend which was started last week. ASI closed at record high of 3234.28, up 45.46 points while MPI also closed at 3689.28, up 58.80 points. Turnover was 1.01 billion rupees.

Top five positive contributors for the day.

Aitken Spence Plc closed at Rs 1100.00, up 100 rupees.

Chevron lubricant Lanka Plc closed at Rs 146.00, up Rs 16.25.

Carsons closed at Rs 409.75, up Rs 19.75.

John Keells Holdings closed at Rs 162.25, up 1.75.

Distilleries Company of Sri Lanka Plc closed at Rs 105.25, up 3.25.

Top five negative contributors for the day.

 Tangerine Beach Hotels Plc lost 1.50 to close at Rs 66.50.

Asiri Hospitals Plc lost 25 cents to close at Rs 11.00.

Lion Brewery Ceylon Plc lost 1.50 to close at Rs 70.00.

Union Assurance lost 2.75 to close at Rs 92.00.

Central Finance lost 5.00 to close at Rs 305.00.

I still recommend Commercial Bank, DFCC & Distilleries as strong stocks to buy.

Colombo Stock Market reaches All Time High.

Today, 18^th December 2009 ASI closed at 3188.82 (+54.35 points) which is all time high surpassing previous record of 3139.7 on 13^th October 2009. The Milanka (MPI) index closed 74.73 points higher at 3630.48. Turnover levels are still on high & today it was Rs 1.13 billion.

According to the Press Release issued by Colombo Stock Exchange the Colombo bourse has recorded 112% growth for the year 2009.

Today Carson Cumberbatch group of companies recorded significant gains. Parent company Carson Cumberbatch Plc was up by 21.25 to close at Rs 390.00 while Shalimar (Malay) Plc was up by Rs 210.25 to close at Rs 645.00. The Bukit Darah Plc closed at Rs 2099.75, up 202.25. Chevron Lubricant Lanka Plc gained Rs 15.00 to close at Rs 129.75. Highly profitable Colombo Dockyard Plc was up by 15.75 to end the day at Rs 215.75. Both National Development Bank & Development Finance Corporation of Ceylon (DFCC) was up by five rupees each to close at Rs 205.00 & Rs 160.00 respectively.

Fixed line telecom operator Sri Lanka Telecom lost 75 cents to close at Rs 44.00 while Mobile market leader Dialog Telekom closed unchanged at Rs 7.00.

Brokers said there was renewed buying interest from both institutional & retail investors. However foreigners were net sellers with Rs 85.8 million purchases & Rs 185.3 million sales.

Recommended Stocks to buy.

DFCC

Commercial Bank of Ceylon Plc.

Distiliries Company of Sri Lanka Plc.

CSE Trading summary – 16-12-2009.

Colombo All Share Index closed 45.02 points (+1.46%) higher at 3134.47 while Milanka Price Index closed at 3555.75, up 53.77 points. Turnover was Rs 918.3 million. John Keells Holdings (JKH) alone contributed Rs 296.2 million for total market turnover by trading 2,851,500 shares. JKH closed at Rs 160.00, down 25 cents.

Sri Lanka’s one of oldest diversified Company, Aitken Spence Plc has reached Rs 1000.00 by gaining Rs 75.00. Distilleries Company of Sri Lanka is the single largest share holder of Aitken Spence Plc with 17.22% stake. Distilleries closed at Rs 99.25, up 2.50.

National Development Bank closed at Rs 200.00, up eight rupees while Hatton National Bank closed the day Rs 4.50 higher at Rs 169.75. Another diversified Blue Chip Hayleys Plc was up by Rs 5.25 to close at Rs 170.25.

The Autodrome Plc lost Rs 46.75 to close at Rs 250.00. Renuka CityHotel Plc was down by five rupees to end the day at Rs 190.00. Foreign purchases were at Rs 112.2 million while sales were amounted to Rs 106 million resulting net inflow.