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| Tuesday, 2 December 2003 |
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Indices drop sharply The Colombo Bourse indices dropped sharply yesterday with the All Share Price Index dropping to 1,172.5 points from 1,206.3 on Friday and the Milanka Price Index to 2,123.9 points from 2187.9. Market analysts said that the market has reacted again on the negative news emanating that the cohabitation deal between President Chandrika Bandaranaike Kumaratunga and Prime Minister Ranil Wickremesinge is going to collapse. Traders showed less enthusiasm for higher transactions yesterday unlike last week where there was an upbeat due to the positive political cohabitation signs. Turnover for the day was Rs.677,894,701 million. Domestic purchases for the day were Rs.1,612 million and foreign purchases were Rs. 99 million. The day's largest contributors were SLT, NDB, JKH, Distilleries, Colombo Land, Blue Diamonds and Asian Hotels. Yesterday's top five gainers were Bogala Graphite, AMW, Namunukula, Touchwood and JKH. Commercial Bank announced a 18% interim dividend yesterday. NDB's bids were believed to have been purchased by Gold Crest. (SP) |
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