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| Friday, 14 November 2003 |
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Bourse continues to boom Following the talks between President Chandrika Bandaranaike Kumaratunga and Premier Ranil Wickremsinghe and the LTTE assuring that they would remain committed to the peace process and to the Ceasefire Agreement the Colombo bourse continued to boom yesterday, market sources said. It was clear yesterday that the chances of getting back to war and going for a snap poll was minimal and this made the market pick up gradually, they said. However, sources said that since the uncertainty still continues they expect the market to be volatile. The Colombo Bourse indices increased yesterday with the ASPI moving up by 34.45 points to 1,255.6 and the Milanka Price Index closed at 2,276.9 points, up by 57.16 points. The turnover for the day was a healthy Rs 470.6 million. Large volumes of shares of SLT, Nations Trust, Distilleries and Asian Hotels were traded yesterday. Domestic purchases for the day were Rs 444.69 million, which were from Rs 269.38 the previous day. Foreign purchases were Rs 25.89 million, which were only Rs 11.92 the previous day. The bank, finance and insurance sector moved to 2,880.6 points from 2,811.2 points the previous day. The other sector that increased during yesterday's trading were Beverages, food and tobacco to 1,372.7 points from 1,348.4, Hotels and travels to 846.8 points from 780.5, Services to 5,483.2 points from 4,978.6 points the previous day. The top five gainers for the day were Hapugastenne, Browns Beach, Mahaweli Reach, Pegasus Hotels and Taj Lanka. |
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