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| Thursday, 20 May 2004 |
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Healthy gains at Bourse The Colombo Bourse changed direction yesterday with healthy gains after a correction and profit taking scenario which was experienced during the last few days. According to stock brokers, the selective buying interests in Kuruwita, Caltex, JKH lifted investor sentiments resulting in bargain hunters going for enthusiastic trading before the strong corporate results. The All Share Price Index bounced to 1,294.25 points from 1,279.91 on Tuesday with the Milanka Price Index increasing to 1,997.18 points from 1,974.50. The turnover for the day was Rs 226, 402,634 "The level of confidence has begun due to strong corporate results and the average daily turnover is on a positive path thus attracting investors to play in active market. If the market also can maintain fundamentals, the stability could emerge at trading with attractive buying and selling interests ", said Business Development Manager of Bartleets Stock Brokers, Angelo Ranasinghe. Blue Diamond, Colombo Land, Caltex, Marawill Resorts, Kuruwita Textiles and SLT were heavily traded stocks. Domestic purchases were Rs 2,953 million and foreign purchases Rs 116 million. Morisons, Habarana Lodge, Kuruwita Textiles, Kahawatte and ACL were the top five gainers. |
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