Market continues upward momentum

The Stock Market continued to record gains yesterday in the New Year. According to provisional statistics the All Share Price Index increased by 25.9 points to close at 1974.6 points. Foreign interest in blue chips helped the Milanka Price Index to increase by 21 points to close at 2538.1.

The first couple of days' positive performance following a drastic fall early last week was attributed by analysts to more investors coming into the market after staying away during the festive season. Dialog, SLT and Lanka IOC were among heavily traded stocks.

The market turnover was Rs. 202.9 million and the Market capitalisation was Rs. 605.8 billion.