LCEM continues to hold investor interest

Lanka Cement (LCEM) continued to hold investor interest on expectation of higher profitability and or divestment.

LCEM said that it "has turned around from a loss making establishment into a profit generating entity".

LCEM topped the CSE turnover again generating Rs 31.5 million on volumes of 2.3 million shares (LCEM closed at Rs. 13.00 up 6%).

Cargills (CARG) contributed Rs 18 million while Overseas Realty (OSEA) recorded Rs 16 million in turnover.

The benchmark ASI closed up 22 points at 1,8434 points (+1.25%) while the liquid MPI ended the day positive at 2,012 points, gaining 2 points or 0.10% In Asian market news elsewhere in the region, Japan's Nikkei 225 was up 144 points at 8,251 points and Hong Kongs's Hang Seng gained 575 points to 13,154 points.

India's BSE Sensex, however, shed 40 points to 9,217 points.

Source: First Guardian Equities