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Share Market Evaluation Data

Today we present Technical Snapshot evaluation based on October and also comments about share investment and sales this is most helpful to make decision.












  • Sri Lanka All SharePriceIndex

    Sri LankanAllShare PriceIndex(7,080)continued totrade ina sideways fashionas the index dippedfurther this month after the volatilityseen duetopolitical drivesthe previous month.Overalltheindexhas fallenfrom 7,500 to 7,080 in pasttwo months and wewouldliketo beCAUTIOUS on themarkets.


  • John Keells HoldingsPLC(BloombergCode: JKH)

    JohnKeelsHoldings(CMP:LKR 170)hasbounced strongly fromthe lows. However we feel that therelative weaker performance this stock has shown will continue tobe ahindrance innear future. Avoidas of now.


  • CommercialBank of Ceylon PLC(BloombergCode: COMB)

    Commercial Bank of Ceylon (CMP:LKR 158)touchednear our first target of LKR 200 levels. However thestock retracedandtriggered our trailing stop atLKR160 levels.



  • SampathBank PLC(BLOOMBERG CODE: SAMP)

    SAMP(CMP:LKR 260) hasgivenabreakout fromitsprevious topat LKR 245levels.This breachof animportant psychologicalresistance will lead toa newuptrendinthe stock. Above LKR 250the stock isexpected to begin a new round of rally whichwill then take the pricestowards LKR 320 levels.



  • National Development Bank PLC (Bloomberg Code:NDB)

    NDB(CMP:LKR223)has breacheda cruciallevel after anuptrend. However our stoploss is stillnottriggered on the stock. Werecommend holding the stock in coming days with LKR 220 as the stop loss


  • SEYLANBANK PLC (BLOOMBERG CODE: SEYB)

    SEYB(CMP:LKR102)touched our target of LKR 120 and has corrected since then. Exit the stock



  • SeylanBank PLC.X(Bloomberg Code: SEYBX)


    SEYB.X(CMP:LKR75)hasreachedour targetof LKR 75levels. Recommendtobook profits attheselevels.



  • TexturedJersey Lanka PLC(Bloomberg:TJL)

    TJL (CMP:LKR 31.80)touched our first targetof LKR 32levels andwent uptoLKR 34levels. Fromherewe feel that TJL is headed towards our second target in next couple of months.



  • Kelani Tyres PLC (BloombergCode: TYRE)

    TYRE(CMP:LKR78) hasbreachedtheupward slopingchannel andthe important resistance lyingat LKR72levels. A breach above this level has ledtonext roundof rally inthe stockwhichis expected totakethe prices towards LKR 90-95 levels.

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Share Market Evaluation Data
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