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| Wednesday, 16 June 2004 |
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Bourse maintains momentum Since last Friday the stock market commenced an upward curve and two days trading this week maintained that momentum. Stock Brokers although cautious in attributing reasons for this sudden surge in speculator interest were also caught up within the buoyant mood and were quite pleased with this show of interest. The large trade in JKH equity seen yesterday moved the market up to the 1.8 million mark which boosted interest. Smaller investors followed the trend and this resulted in the positive all round trend which continued. The day's trading ended with the expectation that this spin-off would continue at least in the short run. The ASPI ended on 1304.33 points up 4.6 points from the previous day and the Milanka surged to 1945.99 up 11.19. The percentage indicators were 0.3% and 0.6%.Turnover stood at Rs. 181.06 million with 8,432,819 shares traded . The sector statistics indicators showed that Oil Palms were heavily traded. The trend of the moving-up stock base would continue unless some untoward phenomenon intervenes, they said. |
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