It was the second day that massive turnover drop at Colombo Stock Exchange. It was mere 13 Million Rupees.

Both ASI & MPI indices were down marginally.

Top Gainers

Mercantile Shipping 103.50 (+18.97%)
Amana 8.00 (+18.52%)
Ceylinco Finance 9.75 (+11.43%)
Ceylinco Insurance (Non Voting) 149.75 (+10.11%)
Ceylon Theaters 27.00 (+8%)

Top Losers

Beruwella Walkinn 31.00 (-36.41%)
Hunas Falls Hotel 15.25 (-17.57%)
Tess Agro 0.60 (-14.29%)
E B Creasy Co. 200.00 (-13.04%)
Morisons 260.00 (-10.34%)

281600 shares of Nawaloka Hospitals & 242400 shares of Primal Glass were the only significant trades.

Although share volumes are drying up this is the best time to buy as prices at Colombo Stock Exchange fallen to historically low levels. Investors who can lock their money for 2 – 3 years can be greatly benefit from current stock prices.

Announcements

LANKA MARINE SERVICES (PRIVATE) LIMITED – JKH

Pursuant to the operating update in the Provisional Financial Statements of John Keells Holdings PLC dated 30th October 2008 this announcement is made with respect to the deposit of Rs. 153.2 Mn made by Lanka Marine Services (Pvt) Ltd (LMS) to secure any terminal benefits to be determined by the Commissioner General of Labour to employees of LMS consequent to an order of the Supreme Court in SC FR Case No. 209/2007.When a Fundamental Rights application filed by 77 employees of LMS on 26th November 2008 (SC FR Case No. 539/08) came up for leave to support in the Supreme Court today (03-12-2008), the Court made order that the Commissioner General of Labor makes order that the said sum of Rs. 153.2 Mn be paid to the employees of LMS.This announcement is being made pending receipt of the official record of the court proceedings.

Offer to purchase Shares of Associated Electrical Corporation PLC (AEC) by AEC in terms of Section 64 of the Companies Act No.7 of 2007 (ACT) from the Shareholders willing to sell at a price of Rupees One Thousand Eight Hundred (Rs. 1,800) per Share.

The Company informed that in the announcement made on 24th September 2008 with regard to same they have stated by error that the offer to repurchase will close on the 4th December 2008.Company informed that the correct date the offer closes should read as 5th December 2008 as set out in the Circular to Shareholders that was sent after the Extra Ordinary General Meeting (EGM) held on 20th October 2008.

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