RETURNS FORM THE SHARES RECOMMENDED BY US AS AT 27/12/2009

27/12/2009 - For the month of December 2009 we recommended following stocks for our visitors/investors

 STOCK                             PRICE                    PRICE AS AT 27/12/2009                           RETURN

Coco lanka                        Rs 50.25                           Rs 46.75                                                    (8%)

Commercial bank (X)         Rs 120                              Rs 125                                                        5%

Renuka holding (N)            Rs 124.75                         Rs 138                                                      12%

Renuka holding (X)             Rs 95                               Rs 114                                                       20%

Ahungalle                            Rs 148                             Rs 164.50                                                   7%

Chevron                              Rs 125                             Rs 146.25                                                   18%

                                                                                                                                                        +
                                                                                                                        Rs 6.50 pending dividend

Tokyo (N)                           Rs 295                             Rs 298                                                         1%

Tokyo (X)                            Rs 17.25                         Rs 17.75                                                      3%

Colombo stock market still offers us attractive returns in medium to long term. After the end of 30 year old civil war, the liberated areas (North & East) we believe is  behind two three decades to the rest of the country. Participation of these areas to the economy during the coming months, Increase tourist arrivals in future, Low interest rate regime,Calm atmosphere in the country are the main factors to be considered when investing in the market.