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| Wednesday, 15 October 2003 |
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Indices up; Hemas shares expected to further boost market The Colombo Bourse picked up by 11 points with the ASPI increasing to 1,355.50 points from 1,343.9 and the Milanka price index to 2,502.5 points from 2,493.80. Turnover was Rs. 297 million. There was heavy buying pressure in the market which ultimately slowed down the profit taking resulting in an upward move, market analysts said. They said that following the Hemas shares be traded in the secondary market today, the overall situation could be bullish. "We expect Hemas share price to go up to about Rs. 67.50 based on the market sentiment. It could have further upward potential," Hasitha Premaratne of HNB Stockbrokers said. Among the largely traded stocks yesterday were Blue Diamonds, Colombo Lands, JKH, LB Finance, Overseas Reality, Reefcomber and SLT, The top five gainers included Vanik Incorp, Kuruwita Textile, Cargo Boat, Printcare and Colonoal Motors. |
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