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Bourse to pick up

The Colombo Bourse Indices returned to basic fundamental supportive level yesterday with the All Share Price Index increasing to 1,142.9 points from 1,111.5 points and the Millanka Price Index increasing to 2,066.5 from 1,998.4 points.

Asitha Premaratne of HNB Stock Brokers said transactions were done with a new diligence as the traders started to bring the number gaining to a fundamental supportive level for the Bourse to pick up in the coming week.'

According to other market analysts, a positive outlook remained after the meeting between President Chandrika Bandaranaike Kumaratunga and Prime Minister Ranil Wickremesinghe yesterday.

The Treasury's assurance to offer relief to retailer buyers also had a positive impact on trading yesterday. The Daily News in its lead story in the business column on Thursday pointed out this issue. Turnover for the day was Rs. 125, 703,229 million. Domestic purchases for the day was Rs. 1,949 million and foreign purchase Rs. 77 million.

The day's largest contributors were SLT, Nations Trust, Blue Diamonds, Asian Hotels, JKH and Merchant bank.

Lanka Cement, Blue Diamonds, Equity Two Ltd, Colonial MTR and Fort Land were top gainers yesterday. SP

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