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* Stock market bounces back in Sri Lanka
Wednesday, July 23, 2008, 14:48 GMT, ColomboPage News Desk, Sri Lanka.

July 23, Colombo: Positive sentiments were witnessed in the market with indices on a consistent upward move throughout. All Share Price Index (ASPI) shot up by 17.90 points (0.77%) to close the day at 2356.53. Milanka Price Index (MPI) too boosted by 22.37 points (0.81%) to end at 2800.10

A turnover of Rs.199.51Mn was recorded today. Hayleys PLC (HAYL) marked a crossing with a trade of 300,000 shares at Rs.140.00. This counter was also the star turnover wise with a contribution of Rs.45.29Mn. The share ended the day at Rs.137.25. The investors’ pick volume wise was Valibel Power Erathna PLC (VPEL) with 1.22Mn shares. The counter was traded within a price range of Rs.4.20 and Rs.4.30.

Other significant counters volume wise were Dialog Telekom PLC (DIAL), HAYL and Tess Agro Ltd. (TESS) with 0.33Mn, 0.32Mn and 0.32Mn respectively. Next in line turnover wise were Associated Electrical Corporation PLC (AEC), John Keells Holdings PLC (JKH) and VPEL with Rs.17.75Mn, Rs.6.95Mn and Rs.5.23Mn respectively. Price gainers turned the tide today by outnumbering price losers by 56 to 37. However, foreign trade was somewhat dull with a tilt towards the selling side, resulting in a net outflow of Rs.2.20Mn.

Sri Lankan Daily News and Reports


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