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| Friday, 30 July 2004 |
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Ajith Devasurendra resigns Managing Director/CEO of First Capital Group of Companies Ajith Devasurendra has tendered his resignation from August 31. Devasurendra has been associated with this group for over two decades and particularly driving First Capital Treasuries Limited to be the leading non banking financial institution in the country. The group has been focusing on Government securities, Asset management, Money broking and Corporate debt activities, building expertise in these. The Board of Directors of the group has thanked Devasurendra for his consistent and valuable contribution which enabled the group to achieve steady growth and become a market leader. The Board has appointed Managing Director of First Capital Asset Management Ltd M. Wickramasinghe as Acting Managing Director/CEO of the group. More profit taking at Bourse The Colombo Bourse experienced more profit taking yesterday following the upbeat the market went through during the last few days. The All Share Price Index dipped to 1,434.66 points from 1,444.63 on Thursday. The Milanka Price Index also dropped to 2,154.98 points from 2,176.04. The turnover for the day was Rs. 356,150,481. Stockbrokers said that the market might experience more profit taking today too and would pick up next week. |
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