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Trading at Bourse closes on moderate note

Trading at the Colombo Bourse closed on a moderate note yesterday with selling pressure easing off.

The day's outstanding transaction was 600 worth of shares belonging to DFCC trading at Rs. 2.30. The market which went on a narrow line in the early hours of trading, improved with prices improving marginally.

Stock Brokers said the selling pressure was easing off and it would react next week accordingly towards the micro and macro economic and political climates.

Merchant Bank will also report its readiness for the listing of Nawaloka Hospital at the CSE after the IPO getting oversubscribed three times successfully.

The All Share Index dipped to 1,378.34 points from 1,386.77 on Thursday. The Milanka Price Index increased to 2,067.78 points from 2,064.03.

DFCC shares boosted the day's turnover and closed at Rs.136,410,568. Domestic purchases were Rs. 119,154,143 million and foreign purchases Rs. 17,256,425 million.

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