Gains in John Keells Holdings (JKH) & Sri Lanka Telecom (SLT) helped the indices to close higher. ASI closed 31.50points higher at 2286.12. MPI closed the day 33.26 higher at 2558.06. Turnover was Rs 1.18 billion.

Over 4.8 million JKH shares traded during the day & closed 3.75 higher at Rs 120.00. Sri Lanka’s fixed line market leader Sri Lanka Telecom gained one rupee to close at Rs 43.00.

Heavily traded Stocks.

Ceylinco Seylan Development 3,630,200
Hotel Services 3,447,200
Lanka Cement 1,785,500
Browns & Co. 950,900

National Development Bank (NDB) closed 4.25 higher at Rs 130.00.

Plantation & Hotel sector stock continued their upward movements as investors were actively bought Plantation & Hotel shares.

CSE – Announcements.

15-Jun-2009 DEFAULT BOARD TRANSFER OUT

Lankem Ceylon PLCKelsey Developments PLCFirst Capital Holdings PLCSubmission of Financial Statements for the quarter ended 31.Mar.2009

15-Jun-2009 EAGLE INSURANCE PLC

The Company has informed the CSE, “Further to the announcement made by Eagle Insurance PLC(Eagle) on 13th May 2009, Eagle wishes to make the following disclosure in terms of Section 8 of the Listing Rules in relation to Corporate Disclosures. On 11th June 2009, Eagle has concluded the transfer of its 100% shareholding of five million (5,000,000) shares comprising of the entirety of the issued share capital of Eagle NDB Fund Management Company Limited (ENDB) for the price of Rs. 29.55 for each share of ENDB in such proportions where Capital Development & Investment Company PLC acquired 16.15% of the direct holding of the issued share capital of ENDB and Aviva NDB Finance Lanka Private Limited, the direct holding of 83.85% of the issued share capital of ENDB respectively. Eagle wishes to further confirm that the Securities & Exchange Commission of Sri Lanka (SEC) in accordance of its letter dated 15th May 2009, has granted ENDB approval for the afore stated transaction under Section 31 G of the SEC Act No. 36 of 1987 (as amended)”.

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