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DateLine Wednesday, 13 June 2007

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Asia Capital deal peps-up market

CSE: The controlling stake of Asia Capital changed hands with the divesting of 56.3 million shares at the Colombo Stock Exchange (CSE), which resulted in pepping up the market fairly well yesterday, compared to previous days.

According to CSE sources 51 per cent of the controlling stake that belonged to Dr. Sena Yaddehige was divested and the buyers are believed to be many existing shareholders.

Due to the change of hands of Asia Capital, the market was able to record a turnover of Rs. 1.9 billion. Other heavily traded stocks were John Keells Holdings (JKH), which contributed 6.9 million shares and Sri Lanka Telecom 736,000.

The number of shares traded in volume were 73,136,051 at the end of the day.

During yesterdays trading, the All Share Price Index and Milanka Index were up by 23 and 37 points respectively which indicated a healthy situation.

Further, 117,435,010 ordinary shares of Asiri Surgical Hospitals Limited were listed in pursuant to a 1.3 bonus issue share. Further 21,639,134 ordinary shares of DFCC Bank were also listed in pursuant to a 1.4 right issue of shares yesterday

(HHS)

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