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| Friday, 15 October 2004 |
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by Sudarshana Perera The All Share Price (ASPI) Index recorded an all-time high in its history reaching the highest point at the Colombo Bourse. The ASPI moved beyond 1,500 points during the day's trading for the first time and at the end of trading closed at 1492.1 points. The ASPI which started the day at 1479.1 points moved up 13 points during the day. The MILANKA Price Index (MPI) which started the day at 2145.7 points closed at 2151.3 points. Angelo Ranasinghe of Bartleet Stock Brokers said that bullish sentiment on hotel sector continued to drive the market and the main attraction was John Keells hotel shares. There was some buying in to Connaissance, Marawila and Reefcomber shares. The recorded spur in the travel and tourism sector is a satisfying factor. All hotels have recorded full occupancy till December, Ranasinghe said. A total turnover of Rs. 342 million was recorded during the day. Hotels and travels sector accounted for 54 per cent of the total turnover. A total of 5137 trades were concluded during the day with a share volume of 20.3 million shares being traded. Foreign investors were net sellers in the market with purchases of Rs.33 million and sales of Rs. 40.3 million. Oil Palm, Investment Trusts, Telecommunications and Hotels & Travels sectors recorded noteworthy gains during the day while Motors, Beverages Food and Tobacco and Footwear and Textiles sectors recorded declines. The top gainers included Beruwela Walk Inn, Statcon, Serendib Hotels and ACME Printing were among the top gainers during the day. |
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