The All share index down by 53.96 (3.32%) & more liquid Milanka index fell 56.44 (3.1%). All share index closed the day at 1571.29 & Milanka closed at 1764.08.

Turnover was LKR 86.7 million. Sharp decline in indices recorded due to fall in high value blue chip shares.

Distilleries closed LKR 1.50 lower at 51.25.
Dialog Telekom closed LKR 6 (Down by 25 cents)
JKH closed the day at LKR 62.25 (-1.50)

This negative activity will prevail in coming weeks as local & international economies facing difficulties.

Local investors in Colombo Market are not willing to put fresh funds in equities as they can get risk free high return from Fixed Deposits with banks.

News, Events and Detailed Announcements

CAPITAL REACH LEASING LIMITED (“THE COMPANY”) – OFFER FOR SALE

The CSE has approved, in principle, an Application for the listing of the above mentioned shares on the Second Board. The details are as follows:-Number of shares to be offered: Offer for sale of 3,100,000 ordinary shares at Rs. 18/- per share. Date of opening of the subscription list: 8th December 2008.Managers to the offer: Capital Reach Holdings No.1 Lake Crescent Colombo 2.Registrars to the offer: SSP Corporate Services (Pvt) LimitedNo.101 Inner Flower Road Colombo 3.The date on which the Prospectus would be delivered to Member Firms /Trading Member would be 18th November 2008.

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