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Sri Lanka::
* Stock market indices marginally lose ground during the week
Friday, October 31, 2008, 12:39 GMT, ColomboPage News Desk, Sri Lanka.

October 31, Colombo: This week came alive with positivism when both indices ended on favourable terms on most of the days. In fact, after having lost about 5% of valuable grounds on Tuesday, indices saw a much needed boost on the rest of the days. On Friday, the indices were able to recover the momentum lost on Tuesday in total, with indices surging above the levels recorded on Tuesday.

However, the turnover and volume of the week are not comparable with those of the preceding week due to a public holiday that fell on Monday in commemoration of a Hindu Festival. The terrorist air attack which was targeted at the Kelanithissa Power plant seemed to have no significant impact on investor sentiment. Nevertheless, the week witnessed a marginal drop in both indices with the All Share Price Index (ASPI) declining by 9.29 points (0.51%) to close at 1821.53. The sensitive (Milanka Price Index) MPI too slumped by a more significant 30.38 points (1.5%) to end the week at 2031.57 going above the 2000 level.

Sri Lankan Daily News and Reports


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