Oct 23 – 2008

Colombo All Share index fell by 85.40 points or 4.5% & closed at 1815.17 while more sensitive blue chip index (Milanka Index) fell by 93.14 & closed at 2034.03.
Turnover was LKR 236 million. Foreign selling continued and local investors also joined them for massive selloff.

JKH closed at LKR 64.50 & Sri Lanka Telecom closed at 36.00 Rupees (Down by LKR 2).

Although current interest rate are too high my opinion is investors should accumulate good stocks with super financial background at this fallen prices. Remember market will not always in down side.

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