Colombo All Share Index was up by 23.64 points to close at 1777.58 while Milanka Price Index ended the day 18.04 points higher at 1867.56. Turnover also was healthy at 270.9 million rupees.

Nestle Lanka PLc gained 10 rupees to close at Rs 285.00. Most of Carson Group companies recorded gains today.

Over 1.3 million Seylan Bank nonvoting shares traded & closed 25 cents higher at Rs 7.25.
National Development Bank ended the day 1.75 higher at Rs 94.75.

Current trend is likely to continue as three decade old civil war is about to win by government forces within few days. But profit taking also can be expected.

Announcements at CSE.

22-Apr-2009 INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2008 -The Colombo Fort Land & Building Co.PLC

The Company has made an announcement to the CSE that “no steps have hitherto been taken by the Company under Section 220 of the Companies Act No.7 of 2007 (the “Companies Act”) for the reason that the Directors are satisfied that the net assets of the Company based on current market values (including the investments in subsidiaries as reflected in the Notes to the financial statements) are substantially in excess of half of its stated capital. The Board of Directors are therefore of the view that Section 220 of the Companies Act does not apply to the Company”.

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