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Sri Lanka::
* Stock market experience a slight correction
Wednesday, August 27, 2008, 13:55 GMT, ColomboPage News Desk, Sri Lanka.

Colombo 27, Colombo: Long awaited positive sentiments were witnessed in the market today with both indices on an upward trend. All Share Price Index (ASPI) gained 2.39 points (0.10%) to close at 2406.39 while the more liquid Milanka Price Index (MPI) edged upwards by a considerable 8.55 points (0.31%) to settle at 2792.87.

A turnover of Rs.490.75Mn was recorded for the day. Associated Motorways PLC (AMW) experienced a crossing today with a block of 1Mn shares been traded at Rs.174.50. The counter was also made the highest contribution to turnover with a value of Rs.182.58Mn. These shares saw the end of the day at Rs.174.50. Valibel Power Erathna PLC (VPEL) was the most heavily traded counter for the third consecutive day this week with 2.15Mn shares been traded. The counter ended at Rs.4.40.

Next in line volume wise were Ceylon Glass Company PLC (GLAS), AMW and John Keells Holdings PLC (JKH) with 1.06Mn, 1.05Mn and 0.67Mn shares respectively. Significant contributions to turnover were also made by JKH, Colombo Dockyard PLC (DOCK) and Colombo Trust Investment PLC (CIT) with values of Rs.66.88Mn, Rs.22.96Mn and Rs.22.51Mn respectively. Price gainers outdid the price losers considerably numbering 75 to 51. Foreign interest cast heavily on the purchasing side to bring in a net inflow of Rs.240.29Mn.

Sri Lankan Daily News and Reports


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