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The Colombo Stock Exchange (CSE) witnessed a dramatic turnaround yesterday as investors went on an aggressive buying spree of Marawila Resort and Sri Lanka Telecom (SLT) stocks.

Positive news on the peace process and political front also contributed to the investor momentum.

Stockbrokers said fresh buying on blue-chip and land and property sector counters mainly contributed for yesterday's recovery.

Marawila Resort is reported to have gone for debt re-structuring and reduced its finance costs. The All Share Price Index jumped to 1,412.63 points from 1,388.40 on Thursday.

The Milanka Price Index rose to 2,111.18 points from 2,065.84 the previous day.

The overall uptrend in tourism is believed to have helped Marawila Resorts back on its feet. The land and property sector also continues to attract investor interest.

The turnover for the day was Rs. 280,709,898. Domestic purchases were Rs. 3,681 million and foreign purchases Rs. 381 million.

Associated Corp, Lankem Dev, Lankem Ceylon, Statcon and East West were the top five gainers.

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