Friday, July 10, 2009

Colombo Stock Indices recovered as Ceylon Tobacco gains.

Friday 10th July 2009.

After continuous drop, Colombo Stock Market recovered today. ASI ended the day 14.83 points higher at 2363.09 while Milanka also up by 8.08 points to close at 2640.67. Turnover for the day was Rs 159.8 million. Foreign purchases stood at Rs 27.1 million while sales were at Rs 39.3 million.

Sharp gain (Rs 17.00) in Ceylon Tobacco Plc (CTC) helped the indices to close higher. CTC closed at Rs 131.25.

DFCC added 2.50 to close at Rs 130.00 while National Development Bank also gained one rupee to close at Rs 155.00.

Highly diversified conglomerate John Keels Holdings shed 1.75 to close at Rs 128.00. Sri Lanka’s one of largest listed Commercial Bank “Commercial Bank of Ceylon PLC” lost 2.25 to end the day at Rs 127.00

Dialog Telekom lost 25 cents to close at Rs 5.00.

Market may stabilize at current levels in coming week.

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