Dankotuwa shares boost the market

BOURSE: Both indices gained considerably yesterday mainly helped by the changing hands of a large block of Dankotuwa Porcelain Ltd. which contributed over Rs. 60 million to the day's turnover.

The All Share Price Index closed at 2,206.29 points gaining 14.95 points and the Milanka Price Index gained 20.84 points to close at 2,834.92 points. The turnover was Rs. 229 million with 16 million shares being traded.

Over 5.6 million Dankotuwa shares traded yesterday and it was among the top five gainers with the share closing at Rs. 11.

According to market rumours the high networth investor Dr. T. Senthilverl who has been actively involved in the trading during the last few days has once again bought 5.3 million shares of Dankotuwa Porcelain at Rs.11.50 yesterday.

The block amounts to 10 percent stake of the company. Dr. Senthilverl on Wednesday acquired more than 10 percent each of the issued share capital of Lanka Tiles Ltd and Lanka Wall Tiles Ltd. 2.2 million shares of Fortress Resorts also traded yesterday.

The share rose by one rupee to close at Rs.11. Nawaloka Hospitals, Royal Ceramic, Tess Agro and Vanik were among other heavily traded shares. - (CK)