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Today’s market was boosted by gains in DFCC and LOLC. DFCC closed at Rs 325.60, up 29.60 while LOLC cosed 71.30 higher at Rs 784.70. The benchmark Colombo All Share Index (ASI) cosed 18.88 points higher at 5582.87. Milanka index closed at 5876.38, up 15.73 points. Today’s total equity turnover amounted to 1.90 billion rupees.

Rarely traded J.L.Morison Sons and Jones (Ceylon) Plc was up by 135.20 to close at Rs 1561.70 while another illiquid stock E B Creasy and Co Plc gained seventy rupees to end the day at Rs 970.00. Ceylon Brewery Plc the country’s largest bear producer was up by twenty seven rupees to close at Rs 302.00 but on mere 100 shares. Ceylinco Insurance plc closed 17.60 higher at Rs 323.10.

Environmental Resources Investments Plc (GREG) lost 7.60 to close at Rs 95.80 while Ceylon Leather Products Plc closed at Rs 233.60, down 22.90. Aitken Spence Plc was down by 76.60 to close at Rs 2629.40. Dialog lost 10 cents to close at Rs 10.00.

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Advantages And Disadvantages Of Internet Stock Trading

Many people are becoming more interested in Internet stock trading because there are so many websites promising to make them rich quick. However, while there are benefits to trading online, there are also disadvantages that you should be aware of before you begin investing or changing your current financial portfolio. The Stock market is a very complex machine with a language and actions that can easily overwhelm a person who does not have a knowledgeable support system in place when they begin.

If you are thinking about trading online through broker that does not provide advisory services, you will need a solid understanding of how the market works, the terminology, and the strategies for trading in order to make money. A stock broker must be registered to buy and sell shares in the stock market, so when you are trading online, you still are working through a broker to buy and sell shares.

Making decisions about buying and selling require a strategy and a thoughtful approach to the market. Besides terminology, you must also become effective at understanding and analyzing trends and be able to make decisions without having an emotional investment in the stocks you purchase. When you are comparing online brokerages, it will be important that they have a simulated trading platform for you to learn the intricacies of trading.

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ASI gained sharply with the massive gains in Carsons Group shares & Aitken Spence. ASI crossed the 5500 index points to close at 5568.5 (up 146.75 points) while more liquid MPI closed at 5876.40, up 38.64 points. Turnover was at Rs 2.80 billion.

Carsons Cumberbatch Plc was up by 78.30 to close at Rs 861.50 while The Bukit Darah Plc which is also from Carsons group gained 742.80 to close at Rs 8171.30. Aitken Spence Plc (SPEN) closed at Rs 2462.30, up 223.80. SPEN already announced 1 to 15 share split. Lanka Orix Leasing Company Plc (LOLC) closed 53.60 points higher at Rs 589.70. Environmental Resources Investments Plc (GREG) ordinary voting shares closed 6.40 higher at 109.30. More than 1.2 million shares of GREG traded during the day.

There were 149 companies recorded gains while only 36 stocks lost their value. Nestle Lanka Plc lost forty rupees to close at Rs 700.00 while Commercial Bank of Ceylon Plc was closed at Rs 191.60, down 2.50.

Foreigners were net sellers with Rs 556.22 million purchases & Rs 824.72 million in sales. At the end of the day total market capitalization of the Colombo Stock Exchange was Rs 1,692,570,127,627.00. Investors were optimistic with the positive quarterly results of the listed companies.