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Sri Lanka::
* Market stagnation continues at Sri Lanka stock market
Wednesday, July 16, 2008, 17:19 GMT, ColomboPage News Desk, Sri Lanka.

July 16, Colombo: The last week’s uplift is gradually fading away as All Share Price Index (ASPI) dipped 25.08 points to end the day at 2415.07 and Milanka Price Index (MPI) shed 54.43 points to close at 2881.86.

Turnover for the day recorded at Rs.201Mn. Blue chip John Keels Holdings PLC (JKH) witnessed the day’s only crossing of 500,000 shares changing hands at Rs.105.50 while the counter traded a total of 584,300 shares to top turnover wise with Rs.61.65Mn. Meanwhile Lanka Cement Ltd. (LCEM) led volume wise after 973,700 shares switching hands at a price range of Rs.11.50 and Rs.12.25 to post a turnover of Rs.12.03Mn.

Other major contributors to day’s turnover include E.B. Creasy and Company Ltd. (EBCR),LCEM and Associated Motorways PLC (AMW) with Rs.54.17Mn, Rs.9.50Mn and Rs.7.36Mn respectively. Nawaloka Hospitals PLC (NHL), Valibel Power Erathana PLC (VPEL) and EBCR were next in line volume wise with 629,800 shares, 404,600 shares and 197,000 shares respectively. Today the price losers outnumbered the price gainers by 57 to 42. The foreigners were heavier on buying side bringing a net inflow of Rs.9.23Mn.

Sri Lankan Daily News and Reports


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