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The Colombo Bourse experienced another fruitful day yesterday with the turnover reaching a significant Rs. 85 million, spurred by three major reasons: successful peace talks in Thailand, Central Bank's decision to reduce interest rates and the passing of the Industrial Disputes Bill in Parliament on Tuesday.

Stock analysts said peace talks have reached new heights and as a result there's much confidence among investors on trading.

The market was boosted with foreign buying and retail purchases. "Retail investors were quite busy taking selected stocks," HNB Stockbrokers said.

Among the heavily traded stocks were Colombo Land, Vanik, Lighthouse Hotels, Aitken Spence Hotels Holdings, Aitken Spence and NDB.

The foreign buying of 300,000 shares of HNB at Rs. 78.50 contributed Rs. 23 million to the total turnover.

Retailers purchased Commercial Bank shares to the value of Rs. 9 million. The ASPI and Milanka gained by 7.2 points and 10.1 points on a day where price advances outnumbered declines by the margin of 58 to 18, Bartleet Mallory Stockbrokers (Pvt) Ltd said.

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