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Bourse buoyant

The Colombo Stock Exchange (CSE) closed on a positive note yesterday with the All Share Price Index (ASPI) increasing further to 1,088.20 points from 1,159.30 points. The gains supported by the increase in local purchases coupled with an enthusiastic approach maintained by traders for higher gains.

The Milanka Index too increased to 1,859.70 points from 1,800.80 points on Wednesday. The Turnover improved significantly to Rs 242,140,229 from Rs 100,971,960. SLT, JKH, Nations Trust, LMF, Seylan Bank (Non Voting) and Distilleries contributed the highest shares for day's trading. Domestic purchases were Rs 2,223 million and foreign purchases, Rs 98 million.

The top five gainers were Kuruwita Textile, Namunukula, Mullers, Lion Brewery and Stafford.

Colonial Motors and Kelani Tyres announced a 7 per cent and 5 per cent first and final dividend.

Earlier on Wednesday, the All Share Price Index (ASPI) soared to 1,059.26 points from 1,016.66 points on Tuesday. The Milanka Index too increased to 1,800.77 points from 1,729.38 points.

Market sources attributed the increase to local purchases as a key factor to this significant growth.

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