Both ASI & MPI fell 0.23% to close at 1644.59 & 1753.75 respectively. However turnover was healthy at Rs 283.75 million.

Srilanka Telecom & Colombo Dockyard experienced price decline as they goes ex dividend today. Colombo Dockyard closed Rs 7.75 lower at Rs 58.75 while Srilanka Telecom ended the day 75 cents lower at Rs 33.00.

Over 3.3 million Light House Hotel shares traded within price range of Rs 52.25 to 58.00 making it biggest transaction of the day by contributing Rs 203.3 million.

Announcements at Colombo Stock Exchange

30-Mar-2009 COMMERCIAL BANK OF CEYLON PLC

The company wishes to inform the CSE that they were unable to hold the Annual General Meeting today, due to lack of a quorum, as specified in the Articles of Association of the Company.

27-Mar-2009 FITCH RATING REPORT – THE FINANCE COMPANY PLC

The detail Fitch rating report is available on the company profile (key Financials) section.

27-Mar-2009 NOTIFICATION UNDER SECTION 8.2 OF THE LISTING RULES OF COLOMBO STOCK EXCHANGE – COLOMBO DOCKYARD PLC

The company confirms that ” the below given resolution was unanimously passed by the shareholders of Colombo Dockyard PLC at the 26th Annual General Meeting of the Company held today, 27th March 2009 as a Special Resolution”.”IT IS HEREBY RESOLVED in terms of section 185(1)(a) read together with section 185(2)(c) of the Companies Act No. 7 of 2007 that the Board of Directors are empowered to, effect from the conclusion of the 26th Annual General Meeting of the company until the conclusion of the 27th Annual General Meeting of the company to incur obligations or liabilities of such further sums not exceeding one hundred per centum (100%) of the value of the assets of the company, as they consider necessary for the purpose of the company as set out in the Report of the Directors’ in page 58 of the Annual Report 2008, which has or likely to have the effect of the company incurring obligations or liabilities that may amount to a Major Transaction.”

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