ASI Today - 20.10.2017

Today's highlight was Chevron Lanka plc. This stock got hit so badly for many a month. Onslaught on the share was understandable, as their Market share and the Profits Dropped. Things got better in September. Their profits were better than the June quarter, and the dividend was slightly better than that of July. Investors rushed in to celebrate, and took it up to a slightly higher level. What closed yesterday at 112.70, closed at 118.50 today. Volume was also commendable.

There were many interesting stuff that happened in the Market besides Chevron, Sampath was traded for the last day before going XR on Monday. There were many collectors on that due to the arbitrage profit you could get. The busiest in the Plantation Co's was LDEV with more than 338k was changed hands.

T/O was lower at 568M. SL20 Stocks did not bring any surprises, hence it was business as usual.

ASI picked up thanks to Chevron increased by 17+ points. The 50% Fib ret of 6558 held, that is positive.
As shown in LLUB and VFIN, the market is positively responding to increased profits and growth in the quarterlies, which can keep the ASI busy in the coming weeks.