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* Sri Lanka stock market hits highest record ever
Wed, Apr 7, 2010, 05:24 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 07 Colombo: Trading at the Colombo Stock Exchange saw the All Share Price Index reaching its highest ever recorded point of 3,870.3 yesterday (06 April) moving up by 88.4 points (2.3 percent) as against the previous day.

The Milanka Price Index reached its highest ever point of 4441.1 points, moving up by 92.1 points (2.1 percent) as against the previous day.

At the end of trading yesterday, market capitalization (total value) stood at Rs 1258.9 billion, the highest ever market capitalization recorded at the CSE.

The total turnover yesterday was at Rs 1.255 billion to which mostly banks and some of the blue chip companies have contributed. Apart from that, the hotel sector shares and even plantation sector shares went up, Daily News reported.

There were marginal losses in some sectors while most of the sectors gained highest shares, Capital Trust Securities Director Sarath Rajapakse told Daily News Business.

Rajapakse said it is expected that there will be more trading today. A strong Government is anticipated by market participants.

“Out of the Milanka Price Index companies Aiken Spence, JKH, HNB, Commercial Bank, Seylan bank, NDB, DFCC and several other companies had the highest number of trading yesterday,” he said. “It is expected that the month of April will perform tremendously well to reach the turnover of 4200 barrier on the All Share Index. Among the 230 All Share Index companies, about 130 actively traded yesterday,” he said.

(source : PRIU)

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