Market recovered from yesterday’s losses.
All share index went up by 28.35 points & closed at 2250.32 while milanka index up by 43.18 points & closed at 2527.22.

JKH closed LKR 85 up by 4 & Dialog Telecom closed unchanged at LKR 9.25.

My opinion is investors should buy fundamentally sound stocks to get benefit from future upward trend.

Economy is growing & oil prices are declining. So outlook is favorable for the market to pickup.

ANNOUNCEMENTS

VANIK INCORPORATION LTD
 The company referred to the previous announcements made with regard to the Scheme of Arrangement with the Creditors of Vanik Incorporation Ltd and the meetings of the shareholders convened for today (18-09-2008).The company informed that the said EGM of the shareholders and the Separate Class Meeting of the Non Voting (Class X) shareholders were held on 18th September 2008 whereat the shareholders approved the resolutions set out in the respective Notices of Meetings.

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