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| Wednesday, 21 May 2003 |
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Indices, turnover up The bourse reacted to the prevailing uncertainties in the political and the peace front, as the indices moved upward yesterday. The strategic buying continued in the market with JKH leading the statistics, HNB Stockbrokers said. "We feel the market would move in a narrow range, until some solid information flow to the market from the political or the peace front," they said. The bourse recorded a turnover of Rs. 120.5 million, up from Rs. 43.8 million the previous day. The ASPI increased to 847.6 points from 844.7 and the Milanka to 1,488.4 points from 1,480.9. Among the main contributors were Aitken Spence, Dankotuwa, Grain Elevators, JKH and Telecom. JKH contributed the most to the growth and it was rumored that Raj Rajaratnam, Sri Lankan Fund Manager in the US purchased JKH shares, increasing his stake in the company to over 5%. The top five gainers included Hunters, Parquet, Colombo Land, Sampath and Kandy Walk Inn. Union Chemicals announced a 40% final dividend, Richard Peiris - a 20% first and final and Richard Pieris Exports 15% first and final dividend. |
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