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| Thursday, 11 December 2003 |
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Upward trend in foreign purchases The number bargaining at the Colombo Bourse remained mixed yesterday with the All Share Index increasing slightly to 1,150.4 points from 1,151.9 on Tuesday. The Milanka Price Index took a narrow spiral of 2,082.5 points from 2,080.7 points the previous day. According to market analysts, a notable factor at the bourse is the entry of more foreign funds to the market and this has taken an upward trend in foreign purchases . In fact it's a positive sign to be taken note of. Investors would however keep a close eye on the political stability and the peace bid prior to serious profit taking and number bargaining. But the country could not expect a high momentum at the bourse in the coming days due to the festive season and the year-end factor. The mixed situation might continue to adjust itself accordingly. The turnover for the day totalled Rs. 129,633,614 million. Domestic purchases reached Rs. 1,154 million while foreign purchase going for Rs 102 million. SLT, Sampath Bank, Nations Trust, JKH, (Rights), Ceylinco Seylan and Blue Diamonds were the day's largest contributors. The top five gainers were Parquet, Bogala Graphite, Lanka Tiles, Overseas Realty and MLL. (SP) |
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