Colombo All Share Index was down by 11.47 points to close at 1888.62 while MPI gained 2.80 points to close at 2051.53. Turnover recorded for the day was Rs 171.9 million.
The highly illiquid The Bukit Darha Plc was the highest gainer of the day & closed Rs 20.00 higher at Rs 870.00.
Sampath Bank Plc lost 2.75 to close at Rs 86.00. National Development Bank was down by 2.25 to close at Rs 93.00.
Sri Lanka’s largest mobile operator Dialog Telekom closed flat at Rs 5.25 while Fixed line leader Sri Lanka Telecom closed 25 cents lower at Rs 39.00.
Announcements @ Colombo Stock Exchange.
12-May-2009 JANASHAKTHI INSURANCE PLC
The Insurance Board of Sri Lanka (IBSL) has informed the CSE the following "the Insurance Board of Sri Lanka has suspended the registration of Janashakthi Insurance PLC In respect of Long Term Insurance Business and General Insurance Business in terms of section 18 of the Regulation of Insurance Industry Act, No. 43 of 2000 for a period of three weeks with effect from 12 noon today (12th May 2009).Accordingly, Janashakthi Insurance PLC is prohibited from issuing new insurance policies in respect of Long Term Insurance Business and General Insurance Business until the suspension is removed and informed in writing to Janashakthi Insurance PLC by the IBSL. A renewal of an insurance policy in respect of General Insurance Business is considered as a new contract/new insurance policy. In terms of section 18 (2) of the Regulation of Insurance Industry Act, No. 43 of 2000, Janashakthl Insurance PLC Is required to fulfill Its obligations for insurance policies already issued. Until the IBSL informs otherwise, the suspension imposed hereby on Janashakthi Insurance PLC remains unchanged till 2nd June 2009".
12-May-2009 PUBLICATION OF NOTICE ON NEWSPAPER - CEYLINCO HOUSING & REAL ESTATE COMPANY PLC
The company has forwarded to the CSE the following notice they published in the Daily News on 12th May 2009."Ceylinco Housing & Real Estate Company PLC has been receiving inquiries from customers about its relationship with Ceylinco Consolidated (Pvt) Limited and in particular whether the assets of Ceylinco Housing & Real Estate Company PLC could be used by Ceylinco Consolidated (Pvt) Limited for the purpose of meeting the liabilities of Ceylinco Consolidated (Pvt) Limited. The Board has also received expressions of concern whether Ceylinco Housing & Real Estate Company PLC is prevented from engaging in its normal business operations by virtue of any orders issued by court of law. Ceylinco Housing & Real Estate Company PLC wishes to state that Ceylinco Housing & Real Estate Company PLC is an independent legal entity which is listed in the Colombo Stock Exchange and governed by the rules of the Securities and Exchange Commission and the Colombo Stock Exchange. It is also approved under the National Housing Act No.17 of 1979 as a housing company. Ceylinco Housing & Real Estate Company PLC also wishes to state that Ceylinco Consolidated (Pvt) Limited does not own any shares or assets of Ceylinco Housing & Real Estate Company PLC. Hence, the assets of Ceylinco Housing & Real Estate Company PLC cannot and will not be used by any third party, whether Directors or shareholders, to settle their personal obligations.Ceylinco Housing & Real Estate Company PLC also wishes to assure its customers and the public that there are no orders issued by court of law on Ceylinco Housing & Real Estate Company PLC, which affect business operations of Ceylinco Housing & Real Estate Company PLC".
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