Saturday, December 19, 2009

Colombo Stock Market reaches All Time High

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Today, 18th December 2009 ASI closed at 3188.82 (+54.35 points) which is all time high surpassing previous record of 3139.7 on 13th 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.

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