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| Wednesday, 19 May 2004 |
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Indices drop on ASPI decline Indices at the Colombo Bourse dropped marginally yesterday due to the sharp decline in the ASPI since 100 shares of Bukit Daraha were traded at Rs. 855, is a drop of Rs. 545 compared to the previous day. Profit taking also compelled the market to go for future correction yesterday. The market also experienced a high level of volumes with some foreign buying. Stock Brokers said future profit taking would take place tomorrow and the next few days. The All Share Price Index was marginally down at 1,279.91 points from 1,306.43 with the Milanka Price Index depreciating to 1,974.50 points from 1,983.12. Due to the high level of volumes taking place, turnover registered an increase of Rs. 198,019,014. The day's heavily traded stocks were Blue Diamond, LMF, JKH, Marawila Resorts, and SLT. Domestic purchases were Rs. 2,090 million and foreign purchases Rs. 96 million. Autodrome, ACL Plastics, East West, General Ind and Kuruwita Textile were the top five gainers. Tokyo Cement, International Tourists and Hoteliers, Colombo Investment Trust, Colombo Fort Investments and Hayleys announced 35% final, 25% first and final, 6% first and final, 7.5 first and final and 17.5 % final dividends. |
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