Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» Shares to Buy
by KavinduTM Today at 6:41 pm

» RICHARD PIERIS AND COMPANY PLC (RICH.N0000)
by dakzsl Today at 5:33 pm

» WHAT HAPPEN
by Kipling Today at 2:20 pm

» Viraj Dayaratna PC is the new Chairman of the SEC
by Teller Today at 12:25 pm

» Don’t Sell BIL They Are Collecting Nicely
by Teller Today at 12:03 pm

» we dont come here to listn personal opinions. Dear Admins block the posts which tell this will go up down without logical explanation
by Junior investor Today at 12:01 pm

» Must watch prior to buy any share
by Teller Today at 11:45 am

» Sold RCL . they have huge cash flow issues.
by ThilinaM Today at 10:29 am

» LLUB COLLECTION GOING ON
by Chanaka303 Today at 9:59 am

» BAIRAHA FARMS PLC (BFL.N0000)
by ThilinaM Today at 8:51 am

» never tell your broker before selling or buying large quantitys and illiquid stocks.
by ThilinaM Today at 8:01 am

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
by Eng Krishantha Today at 1:48 am

» stock portfolio tracking spreadsheet... (google spreadsheet/excel sheet)
by Sajeewa Niranjan Today at 12:03 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by fireshelter Yesterday at 11:21 pm

» Sri Lanka Stock Market to remain flat in 2020
by ASDDS Yesterday at 11:02 pm

» The biggest news in 2020
by Chanaka303 Yesterday at 10:01 pm

» President says all graduates will be employed to get their contribution to the economy
by KavinduTM Yesterday at 6:36 pm

» EAST WEST PROPERTIES PLC (EAST.N0000)
by PDH Yesterday at 4:26 pm

» Sri Lanka Economy
by NANDANA2012 Yesterday at 2:26 pm

» Tile and Ceramic Sector
by KavinduTM Yesterday at 2:04 pm

» More Govt Jobs Destroy Economy
by ThilinaM Yesterday at 1:41 pm

» Incerasing gvt jobs is crazy dicition by gota to satisfy his ploitical suppoters
by NANDANA2012 Yesterday at 1:32 pm

» ABANS ELECTRICALS PLC (ABAN.N0000)
by NANDANA2012 Yesterday at 7:32 am

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Colombo bourse tests resistance levels

Colombo bourse tests resistance levels

Go down  Message [Page 1 of 1]

1Colombo bourse tests resistance levels Empty Colombo bourse tests resistance levels on Sun Oct 02, 2011 8:59 am

windi5

windi5
Moderator
Moderator
The Colombo bourse was in the discomfort zone at the beginning of the week when the All Share Index stagnated at the 6700 mark. This was closely tracked by chart analysts who said that there was an element of resistance at this point. The ASI staged a recovery on Thursday which was followed up the next day which also is the end of the third quarter. Some attribute the revival of the market due to this factor.

The pattern of trading during the week ahead may be indicative of the path of the ASI for the future. One may recall that the ASI visited the 7000 barrier early in the month but did not pass this hurdle. Besides the investors who went in for the recent IPOs many company directors are also eagerly hoping for a revival in the market so that they could push out their IPOs.

Activity at the bourse was on a quiet tone as depicted by the weekly turnover except for extraordinary activity in certain stocks that accelerated last week. This positive trend was extended this week also. Asian Alliance Insurance which is now under the Softlogic Group proved to be a glamour stock when it continued its escalation after a temporary halt. It was at Rs 350.60 on Thursday but heated up to Rs 384.70 the next day ending the week at Rs 354. For the record, the Richard Pieris Group accepted the (Asian Alliance) mandatory offer of Rs 120 earlier. This stock seems to hop in and out of the price band.
The hyper activity in Regnis continued this week too. On Thursday the share closed at Rs 420.30 and extended its winning sequence to reach a peak level of Rs 449 before ending at Rs 440.20. Ascot Holdings moved into the hot spot once again with a massive three million shares been transacted on Thursday when it closed at Rs 188.90 but rose further on Friday to reach a peak level of Rs 207.70 and then went in for a mild erosion.

Other noteworthy prices were that of Nuwara Eliya Hotels which closed at Rs 1750, and Lanka Milk Foods which reached Rs 140 before cooling off to Rs 129.20 on Friday. Nuwara Eliya Hotels paid an interim dividend of Rs 5 on 25th May 2011.

Capital Alliance Finance will commence trading on 4th October 2011, while Trade Finance & Investments Ltd was oversubscribed on Wednesday. Heavy activity continued in Renuka Agri Foods, Panasian Power, e-Chanelling and Blue Diamonds voting and Non voting shares. The other interesting price movements were noticed in Shaw Wallace which moved up to Rs 410 and Hunters at Rs 777.70.

DIRECTORS - Asian Alliance Insurance PLC: Mohan Ray Abeywardena was appointed Director on 28th September 2011 (pending approval of the Insurance Board of Sri Lanka); Sampath Bank PLC - G.L.H. Premaratne, Managing Director will resign on 31st December 2011 being the end of his contract; M.Y.A.Perera, Deputy Managing Director will be appointed Managing Director on 1st January 2012; Kandy Hotels Co (1938) PLC - Colvin Lakshman Sirimanne was appointed a Director on 27th September 2011; Lankem Developments PLC - N.H.B.S. Perera was appointed an independent Non Executive Director on 30th September 2011.

The turnover for the week registered Rs 9.5 billion as against Rs 6.8 billion last week. Both indices improved towards the end of the week gaining marginally over last week. The All Share Price Index was 48.95 points or 0.02% higher at 6783.55, while the Milanka was 21.18 or 0.01% up at 6045.11.
http://www.sundaytimes.lk/111002/BusinessTimes/bt45.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum