Friday, 9 April 2004 |
Business |
News Business Features Editorial Security Politics World Letters Sports Obituaries |
Bourse continues to gather momentum Transactions at the Colombo Bourse continued to gather momentum yesterday with all indices gaining ground. According to Stock Brokers the investor sentiment turned positive on the newspaper reports that President Chandrika Bandaranaike Kumaratunga in a consensus with other major political parities are taking urgent steps to address key national issues including the commencement of the peace talks with the LTTE thus setting an environment for stable governance required for a healthy economy. The assurance that the peace process would be carried forward has also won a level of confidence among investors. An improved buying interest and attractive prices also boosted the bourse. The All Share Price Index yesterday increased to 1,213.50 points from 1,196.50 points on Wednesday. The Milanka Index too appreciated to 1,857.10 points compared to 1,828.50 the previous day. Turnover spiralled to Rs. 259,247,092 from Rs 163,358,352.The day's highest traded stocks were Distilleries, SLT, James Finlay, Nations Trust and Colombo Land. Domestic purchases were Rs 2,553 million and foreign purchases Rs 193 million. The top five gainers were Dimo, Kuruwita Textile, People's Merch, Ceylinco Ins and Indo Malay. CT Land Development, Capital Development and Investments and Ceylon Theatres announced 4 % interim, 22.5 % final and 45 % interim dividends. |
News | Business | Features
| Editorial | Security
Produced by Lake House |