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Stock Market up

The Colombo Stock Exchange which experienced a negative trend during the last couple of months due to the country's political situation revived yesterday contrary to speculation it will plunge further due to the pact between SLFP-JVP.

The All Share Price Index increased to 1,116 points from 1,094 points and Milanka Price Index moved to 2,013.52 points from 1,967.78 from the previous day. Turnover for the day was healthy Rs 110.26 million. Domestic purchases for the day were Rs 88.3 million and foreign purchases were Rs 21.2 million.

The Colombo Stock Exchange yesterday enabled the first transaction of trading in the beneficial interest of Government Securities using the Debt Securities Trading System (DEX). The transaction was concluded by Seylan Merchant Bank Limited, who is a licensed Trading Member of the CSE.

Large parcels of SLT and JKH were traded during yesterday.

The Banking, Finance and Insurance sectors moved to 2,625 points from 2,573, Beverages, Food and Tabacco increased to 1,262.5 points from 1,239 points, Diversified to 312.75 points from 261 points, Hotels and Travels to 751 points from 721.53 points and Trading to 1,176.97 points from 1,159 points from the previous day.

Top five gainers for the day were Beruwela Walk Inn, Regnis, Lanka Tiles, Tangerine and Hayley's Exports.

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