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| Wednesday, 8 January 2003 |
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Indices up: bourse turnover jumps to Rs. 42 million The trading on the Colombo bourse ended on a favourable note yesterday with the market recording a Rs. 42 million turnover. The ASPI grew by 4.75 to close at 816.25 and the Milanka by 4.85 to close at 1375. Out of the total turnover, foreign buying totalled Rs. 11 million while foreign sales were Rs. 1.6 million. Stock analysts said that foreign buying was encouraging and the trend should continue in the same pattern. Among the heavily traded stocks were JKH, NDB, Tea Smallholders and Central Finance. JKH shares contributed to Rs. 15 million to the total turnover of the day, of which Rs. 5 million was foreign buying. Meanwhile, Apollo Hospitals shares will be traded on the market from Friday. Apollo which will be classified under Health Sector stocks are expected to gain on trading. Sathosa to open first supermarket in Jaffna The Sathosa chain will relaunch its retail operations in Jaffna peninsula on Friday with the opening of a supermarket at Kasthuriyar Road in the heart of the city. This will be the first supermarket to open in Jaffna after the war. A Sathosa spokesman said that the supermarket will provide food and other essential commodities to the Jaffna people at prices prevailing in the rest of the country, and they will maintain the same quality of the Sathosa branded products available in other outlets. Commerce and Consumer Affairs Minister Ravi Karunanayake said that plans are under way to upgrade the supermarket into a super-mall within the next few months, under the ongoing 100 super-mall project. He said that Lanka Salusala Ltd. STC General Trading Ltd. are also looking forward to re-start their operations in Jaffna within the first half of this year. The Sathosa chain had operated three more outlets in the Jaffna peninsula - Point Pedro, Kankesanthurai and on the Kandy road, which were closed in the 1990's due to the war. These outlets would also be re-opened in due course. |
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