Market up
The indices at the CSE surged on renewed institutional and retail
buying with turnover in excess of Rs 1 billion.
The ASPI gained 60 points (+2 percent) to end at 2,998, just two
points short of the key 3000 point level.
The ASPI, though, did cross the 3000 point level twice in the day but
settled a bit lower at a closing high last seen in February 2007. The
more liquid MPI gained 55 points (+1.7 percent) to end at 3,353.
Turnover for yesterday was Rs 1.2 billion.
John Keells Holdings saw Rs 95 million of business with the share
closing up Rs 2.00 to end at Rs 153.00.
Seylan Bank's voting and non voting share saw Rs 87 million and Rs 73
million turnover.
The Bank's voting share closed up Rs 1.00 to end at Rs 37.50 while
the voting share closed unchanged at Rs 16.50. Ceylon Theatres gained Rs
2.75 to close at Rs 48.25 on turnover of Rs 63 million.
Sector wise gains were seen in Power and Energy (+4.3 percent), Land
and Property (+3.8 percent) and Hotels and Leisure (+2.9 percent).
Asian markets were mixed with Japan's Nikkei down 1.5 percent,
China's CSI up 1 percent and Singapore's Straits Times Index down 0.6
percent.
India's Sensex ended flat while the Hong Kong markets were closed.
Source: First Guardian Equities
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