27-07-2009 Colombo Stock Market Report.

Investors acted positively on IMF loan approval & stock indices were hit one year high in morning trade. ASI closed 28.39 (+1.14%) higher at 2520.14 while Milanka index closed at 2834.66 up 41.53 points. Turnover was Rs 658.4 million.

Dialog Telekom was the heavily traded stock today with more than 25 million shares traded. Dialog closed 25 cents higher at Rs 5.50. Heavy trading in Piramal Glass Ceylon also reported with 2,356,100 shares changed hands but closed unchanged at Rs 1.80.

The Bukit Darah Plc was the highest gainer in rupee terms, up by Rs 120.75 to close at Rs 1220.75.

Banking stocks were on up side as Commercial Bank of Ceylon Plc gained three rupees to close at Rs 145.75 while Sampath bank was up by four rupees to close at Rs 115.00.

Colombo Dockyard gained another 75 cents and closed at Rs 118.00. Over 2.2 million shares of Lanka Cement Plc traded but closed 3.50 lower at Rs 34.00.

Important announcement at CSE.

27-Jul-2009 MANDATORY OFFER BY PEOPLE’S LEASING COMPANY LIMITED TO ACQUIRE ALL THE REMAINING SHARES OF SEYLAN MERCHANT LEASING PLC – People’s Leasing Company Ltd.

The Company has informed the CSE that, “In terms of Rule 24 of the Company Take- overs and Merger Code 1995 as amended in 2003, we make the followings statements on behalf of People’s Leasing Company Limited.

The total number of shares (as nearly as practicable), as at the close of the Offer on 24th July 2009.

a) For which acceptance of the Offer has been received – Shares 2,882,526 – 12.69%

b) Held before the Offer Period – Shares 19,194,014 – 84.50%

c) Acquired during the Offer Period – Null”

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