Hi Investors Happy to All. Srilankan Share Market pick up in the week. as two days of the business pass market up step by step. Many of the Share Market Agents predict debit problems ended in last of June but the ended of May CSE gives more relief.

Changing Debit Rules

According to the Securities and Exchange Commission of Sri Lanka (SEC) today gave more time to clear remaining 50 percent debtors balance of Stock Brokers. According to the announcement 25 percent of the remaining debtors balance to be cleared by 30th September 2011 and the final 25 percent to be cleared by the 31st December 2011. 

Today Market Trend 

Colombo ASI gained sharply to close at 7487.61, up 128.92 while MPI closed 80.79 points higher at 6897.01. Day's total equity turnover amounted to 3.03 billion rupees. 

Stocks gained across the board. 811,700 shars of JKH changed hands and closed 2.90 higher at Rs 299.00 while index heavy Bukit Darah Plc was up by 25.70 to close at Rs 1144.30. Highly capitalized Sri Lanka Telecom (SLTL) gained 1.80 to end the day at Rs 58.30. Poultry stocks too made sharp gains today. BFL was up by 27.80 to close at Rs 436.20 while TAFL closed at Rs 151.80, up 21.80. Union Bank closed one rupee higher at Rs 29.20. 

Alliance Finance Company Plc was the biggest loser for the day and closed 220.70 lower at Rs 1214.60 while The Nuwara Eliya Hotels Company Plc lost 23.20 to close at Rs 1621.80. 

Asiri Hospitals, Blue Diamonds and Nation Lanka Finance were among the heavily traded stocks for  the day. Foreign investors were net buyers with net inflow of Rs 556,374,131.00.