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| Thursday, 13 January 2005 |
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Unchanged interest rates move the market up Bourse ended on strong grounds yesterday showing signs of increased investor confidence. Analysts said that one of the reasons could be the Central Bank's decision to keep benchmark interest rates unchanged which the investors believed to be a sign of economic recovery. The market moved up yesterday with the All Share Price Index (ASPI) up 5.10 points and the Milanka Price Index (MPI) moving up by 14.05 points. The ASPI which opened at 1562.05 points moved up by 0.58% to close at 1571.15 points while the MPI which opened at 2150.80 points declined by 1.20 % to close at 2,176.66 points. Upward movements were seen in Power and Energy ,Chemical and Pharmaceutical and Health Care sectors while Information Technology, Trading and Land and Sectors recorded negative growth. A total turnover of Rs 254.3 million was recorded. The Diversified Holding sector accounted for 30.4% of the total turnover. A total of 2,751 trades were concluded. Foreign investors were net buyers in the market with purchases of Rs 55.4million and sales of Rs 21.3million. |
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