Today's market, Wait and see sentiment

To day market close flat. T/O 254Mn While CIC few bulks (500000/ 200000/ 200000)traded at 55 probably Raj's. Dial, JKH and NDB actively traded.

Today is the day that two important announcements came that likely effect to the market, Gen. Sarath Fonseka's decision and the Election. But both doesn't make a considerable impact on the market while investers are act like "wait and see" approach on this regard. May be on thought of what big fish think on this change or are we waiting till everything get settled.

Kosala Dissanayake

DP Global

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Presidential Election, President says.

It has been announced that Government is going for the Presidential Election, The Commissioner of Elections is expected to announce the date of the poll tomorrow.

Kosala Dissanayake

DP Global

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Gen. Sarath Fonseka has been named as the common candidate

Gen. Sarath Fonseka has been named as the common candidate of UNK for the Presidential election.

Lakshman Seneviratne has confirmed. This will not make a major effect to the stock market since it was

predicted by most parties and people.

Kosala Dissanayake

DP Global

094777696243

Agrclutural Boost in north and East

The opening of the North and East areas for economic activities will expand the agricultural markets tremendously following the defeat of terrorism. The farmers in the North and East that contributed to a bumper harvest prior to the 1980s can look forward to a good future, Past President of the Sri Lanka Food Processors Association, Mario Alwis said. He was addressing a media briefing in connection with the Profoods/Propack 2010 exhibition scheduled to be held at the BMICH from August 20-22, 2010.

Kosala Dissanayake

DP Global

094777696243

CSE records highest ever annual turnover

The Colombo Stock Exchange today recorded the highest annual turnover of Rs.115.2 Billion surpassing the previous highest of Rs.114.6 Billion recorded in 2005.

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

Sarath Fonseka hands over resignation.

Chief of Defence Staff General Sarath Fonseka has handed over a letter to the president’s office requesting for his retirement from the position of Chief of Defence Staff, President’s Secretary Lalith Weeratunga told Ada Derana moments ago.

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

No one to challenge President.

Media Minister Lakshman Yapa Abeywardena said that President Mahinda Rajapaksa would be the only candidate of the Government at the Presidential Election. Minister added that there would be no one to challenge President Rajapaksa.

** Problem is with the other party candidate....... It's really questionable..

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

Stock market going for focuessed shares

Colombo market turned around on Wednesday after several days of losing on improved investor sentiment hovering on selected stocks, brokers said. Today mainly the investor attention was focused on selected limited number of stocks such as Hemas, Colombo Dockyard PLC and the insurance company Janashakthi.

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

Dialog back to profit..

Dialog Telekom PLC, Sri Lanka’s biggest mobile phone company, on Wednesday reported profit gains versus an earlier negative balance, saying third quarter post-tax profit totaled Rs 313 million against a negative Rs 5 million in the 2008 quarter.

This could make a positive impact to stock market as well since this is top capitalize share in stock exchange.

Good news for stock market, share and invite comments on this..

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

Some updates...Financial news.

UNP MP Lakshman Kiriella speaking at a press conference today said that common opposition candidate will be announced when the election dates are announced. He further added that he is happily waiting to be unveiled to the public while the government is in a speculating frenzy.

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243

Some updates...Financial news.

President vs Sarath F.

President Mahinda Rajapaksa has said that if CDS General Sarath Fonseka submitted his resignation from the post with the intention of contesting the upcoming Presidential election, he would accept it immediately. President has made this comment while having a casual conversation with a few Senior Ministers and journalists after the “Janahamuwa” programme.

Strike strike

A united Sri Lankan opposition on Tuesday put its weight behind state sector trade unions which are going on a five-day work-to-rule in their push for higher pay.

State power, water, oil and port workers will not work outside assigned duties and set working hours from Wednesday after negotiations broke down as the government tries to slash spending to meet the terms of an IMF loan deal.

Kosala Dissanayake

Advisor to Stock Market

DP global Securities.

0094777696243