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| Tuesday, 2 March 2004 |
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Technical correction at Bourse All indices and turnover at the Colombo Stock Exchange declined marginally yesterday. Stock Brokers said that this was in keeping with market fundamentals backed by a technical correction which was due to the CSE recording gains continuously during the last two weeks. Market sources pointed out that the trading was able to achieve 110 % during the last few days making space for profit taking. The All Share price index was marginally down at 1,223.23 points from 1,224.92 points from Friday. The Milanka Index declined to 2,081.56 points from the previous close of 2,089.86 points. Turnover closed at Rs 139,125,851 from Rs. 277,254,777. SLT, JKH, Caltex, NDB Bank and Ahot Properties were the highest contributors. Domestic purchases were Rs 1,338 million and foreign purchases Rs 102 million. The day's top five gainers were Indo Malay, ACL Plastics, Vanik Incorp Ltd, Good Hope and Vanik Incorp Ltd. Chemical Industries, Asha Central Hospitals, Lighthouse Hotels, John Keells Holdings, Caltex Lubricants and Sri Lanka Telecom announced 17.5 % interim, 7% interim, 10% interim, 10, % interim , 30% final and 5 % first and final dividends. |
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