Colombo market reported healthy gains today. ASI was up by 32.42 points to close at 1810.00. MPI gained by 40.07 points to close at 1967.63. Turnover was extremely good at Rs 423.6 million.

This is the best time to enter to Sri Lankan market as 30 year war against terrorist almost finished. Sri Lankan economy will kick start from next year onwards.

Colombo Dockyard which is fundamentally strong was up by Rs 2.00 to close at Rs 66.25. Commercial Bank of Ceylon closed Rs 4.25 higher at Rs 89.25. Highly illiquid Harischandra Mills Plc gained Rs 26.25 to close at 476.25 but only 400 shares traded.

There were 128 gainers & only 11 losers during the day.

Announcements @ Colombo Stock Exchange.

23-Apr-2009 TRADING HALT – Balangoda Plantations PLC

The CSE halted trading of BALA at 8.35 a.m. on 23rd April 2009 due to a pending Corporate Announcement from the company. The trade halt continued till the end of trading on 23rd April 2009. The trade halt will be removed on receipt of the said announcement.

23-Apr-2009 CEYLINCO FINANCE PLC

The company has made the following press notice in the Daily News dated 23rd April 2009. “The Board of Directors of Ceylinco Finance PLC (the “Board”) has been receiving inquiries from customers and investors about its relationship with Ceylinco Consolidated (Pvt) Limited and the “Ceylinco Group” and in particular, whether the assets of Ceylinco Finance PLC could be used by Ceylinco Consolidated (Pvt) Limited, or the “Ceylinco Group” for the purpose of meeting the liabilities of Ceylinco Consolidated (Pvt) Limited or the “Ceylinco Group”. The Board has also received expressions of concern whether Ceylinco Finance PLC is prevented from engaging in its normal business operations by virtue of any orders issued by courts of law, in actions instituted by depositors in companies connected with Ceylinco Consolidated (Pvt) Limited and the “Ceylinco Group”.The Board of Ceylinco Finance PLC wishes to state that Ceylinco Finance PLC is an independent legal entity which is listed on the Colombo Stock Exchange and governed by the rules of the Securities and Exchange Commission and the Colombo Stock Exchange. It is also a licensed Leasing Company and is subject to the supervision of the Central Bank of Sri Lanka.The Board Of Ceylinco Finance PLC also wishes to state that Ceylinco Consolidated (Pvt) Limited does not own shares or assets of Ceylinco Finance PLC. Similarly, Ceylinco Finance PLC has also not made any investments in, or granted any loans to Ceylinco Consolidated (Pvt) Limited. Hence, the assets of Ceylinco Finance PLC cannot and will not, be used by any third party, whether directors or shareholders, to settle their personal obligations.The Board of Ceylinco Finance PLC also wishes to assure its customers and the public that there are no orders issued by courts of law on Ceylinco Finance PLC which effect the business operations of Ceylinco Finance PLC”.

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