Leading News from Sri Lanka::
Sri Lanka shares continue to climb
Wed, Apr 21, 2010, 08:52 pm SL Time, ColomboPage News Desk, Sri Lanka.
Apr 21, Colombo: Sri Lanka shares reached another record high Wednesday continuing its upward trend for a third day in row as the investors remain upbeat with a more stable new government is taking shape.
The All-share Price Index closed at 4,038.89, 0.41% above yesterday's close at 4,022.37 while the more volatile Milanka Index gained 0.87% to close at 4,619.48.
The turnover ended at 2.22 billion rupees with domestic purchases contributing 1.96 billion rupees to the turnover. Foreign investors sold shares worth 809.3 million rupees while foreign purchases remained lower at 269.3 million rupees. Over 77 million shares exchanged hands at the Colombo bourse today.
The gain in indices was mainly led by the Banking, Plantation, and Leisure sectors. The Bank, financial, and insurance gained 2.5 percent with gains in Asia Capital (9.52 %), Lanka Orix Leasing (8.98%), and Sampath Bank (7.23%).
Plantation sector was led by Kegalle Plantations (13.51%) and Hapugastenne Plantations (12.05%).
The Colombo bourse has gained 19.3 percent so far this year, making it Asia's second best-performing market.
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