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| Tuesday, 6 July 2004 |
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Bullish trend continues at Bourse The bullish trend at the Colombo Bourse continued yesterday in the backdrop of the UPFA government's economic policy statement last week and the results of the first quarter economic performance. According to stock brokers, the clear direction envisaged by the government last week attracted investor confidence sans any political hiccups in the country. They said trading was mainly both on fundamental and low value stocks. The market might be subject to a technical correction soon due to impending profit taking. Speculation on news about interest rates coming down and the Dollar stabilising also had an impact on the market. The All Share Price Index jumped to 1,373.37 points from 1,366.30 points on Friday. The Milanka Price Index also rose to 2,101.33 points from 2,091.46 points. The turnover for day was Rs 293,013,023. CT Land, Seylan Merchant, Merchant Bank , C.W. Mackie and Co and Distilleries were heavily traded stocks. Domestic purchases were Rs 3,510 million and foreign purchases Rs 208 million. ACL, ACL Plastics, Seylan Merchant , Sathosa Motors and Blue Diamond were the top five gainers. |
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