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| Wednesday, 10 November 2004 |
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Domestic investors drive market The All Share Price Index (ASPI) which opened the day yesterday at 1461.1 points closed at 1463.2 points moving up by 2.1 points while the Milanka Price Index (MPI) which started at 2067.5 points closed at 2064.8 points moving up by 2.7 points. Domestic investors continued to drive the market. A total of Rs. 91.9 million turnover was recorded. The Health Care sector accounted for nearly 24% of the turnover. A total of 2,020 trades was concluded with a share volume of 4.8 million shares being traded. Foreign investors were the net buyers in the market with net purchases of Rs. 2.9 million. Land and Property, Health Care, Oil Palm and Manufacturing sectors were the top gaining sectors while Chemicals and Pharmaceuticals and Plantations sectors were the top losers. LB Finance (Warrants), LB Finance (voting), Vanik (Warrants), Colombo Investment Trust and Vanik (normal) were among the top gainers while Marawila (rights), Statcon, Ceylon Cold Stores, Bogawantalawa Plantations and Haycarb were among the top losers. CSE Investor Fora in Dubai and Abu Dhabi put off The Colombo Stock Exchange (CSE) in association with four partnering organisations (i.e. Abu Dhabi Chamber of Commerce and Industry, Sri Lanka Embassy in the UAE, The Sri Lanka Business Council for Dubai and the Northern Emirates and The Sri Lanka Consular General in Dubai and the Northern Emirates) have decided to re-schedule the proposed Investor Fora from December 6 and 8 in Abu Dhabi and Dubai for January 2005. This is in view of the 40-day mourning period being currently observed in the UAE. as a mark of respect to the late Sheikh Zayed bin Sultan Al-Nahayan, President and Founder Father of the UAE. |
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