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| Thursday, 26 February 2004 |
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Fundamentals boost Bourse The Colombo Bourse improved further yesterday with the All Share Price Index increasing to 1, 199.58 points from the previous close of 1,198.95 points. The current political scenario has enabled traders to concentrate on fundamentals rather than political rumours. The market went through a minor correction yesterday due to profit taking factor and grew by 1% . The Milanka Index increased to 2,053.51 points from 2,060.24 points on Tuesday. Turnover was Rs 228,950,310 as against the previous day's turnover of Rs 202,227,300 The day's highest contributors were SLT, Hemas Holdings, Commercial Bank (11.25% RCPF), Distilleries, JKH, Caltex and Royal Palms. Domestic purchases were Rs. 1,732 million and foreign purchases Rs 134 million. The top five gainers were Selinsing, Hayleys_MGT, Vanik Incorp Ltd, Good Hope and Soy Foods. Diesel and Motor Engineering and Hayleys MGT Knitting Mills announced 15 % interim and 50 % interim (tax free) dividends. Lanka gets more access to Chinese market through Bangkok agreement The third round trade negotiations under the Bangkok agreement ended last week in Thailand with Sri Lanka getting a wider scope to seek more trading opportunities in China, one of the biggest markets in the world. The Bangkok agreement established in 1975 with the participation of Sri Lanka, India, China, Bangladesh, South Korea and Laos is one of the oldest economic agreements the country has entered, a Commerce Ministry spokesman said. |
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