Large transaction of JKH shares which was sold by foreign fund to local insurance firm was boosted today’s market turnover to Rs 2.17 billion.

ASI ended the day at 1637.23(up by 11.75 points) & Milanka index closed at 1733.40 (up by 36.69 points).

JKH closed Rs 5.00 higher at 63.50. Aitken Spence gained 10 rupees to close at Rs 325.00. Foreigners sold Rs 1.9 billion worth of shares while purchased only Rs 9.2 million.

Announcements

25-Mar-2009 FINAL DIVIDEND OF RS. 2.13 PER SHARE FOR THE PERIOD 12 MONTHS ENDED 31 DECEMBER 2008. – Ceylon Tobacco Company PLC

The company informed the CSE that the resolution proposing the payment of a Final Dividend was approved by the shareholders unanimously at the AGM held on 25th March 2009. The dividend will be paid on 1st April 2009 as scheduled.

25-Mar-2009 RIGHTS ISSUE – ENVIRONMENTAL RESOURCES INVESTMENTS PLC

Please note that 17,386,080 Ordinary Shares of the company were listed on 25th March 2009, pursuant to a 1:1 Rights issue.

24-Mar-2009 SINGER (SRI LANKA)PLC

The company informed the CSE that as per the Fitch Ratings Report released on 20th March 2009, they have downgraded Singer (Sri Lanka) PLC’s (Singer) National Long term rating and the rating on its senior unsecured notes to “A-(lka)” from “A+(lka)”. The ratings have been placed on Rating Watch Negative (RWN).Singer (Sri Lanka) PLC wishes to inform that Singer is very confident about meeting its refinancing needs on the short term and that it has already taken necessary measures to strengthen its credit metrics in the coming six months by slashing inventories, reducing unproductive headcount and improving of gross margins and drastically reducing fixed (period) expenses.

*****With eToro Open Book you can Trade Forex Like a Highly Experienced Trader*****

Filed under: Uncategorized

Like this post? Subscribe to my RSS feed and get loads more!