27-08-2009.

In early trading ASI touched 2592.94 (15 months High) but closed the day 35.01 points higher at 2588.04. MPI was up by 30.94 points to end the day at 2935.15. Turnover was LKR 1.14 billion.

Six million four hundred & seventy two thousand & three hundred shares of Hotel Services (Ceylon) Plc traded today within price range of Rs 18.50 to 21.00 & closed the day 2.25 higher at Rs 20.50.

Diversified Blue Chip John Keels Holdings contributed Rs 224.6 for today’s turnover by trading 1,661,900 shares. JKH closed 75 cents higher at Rs 136.50. Over two million shares of Dialog Telekom traded & closed at Rs 5.50, up 25 cents.

Retail investors chased on hotel sector stocks. Beruwela Walk Inn was up by 6.75 to close at 66.75 while Browns Beach Hotels Plc gained 4.75 to close at Rs 75.00. Tangerine Beach Hotel Plc closed the day 7.50 higher at Rs 67.75.

In banking & finance sector, Sampath Bank Plc was up by 5.75 to close at Rs 142.00 while Commercial Bank of Ceylon Plc added 3.25 to its value & closed at Rs 150.25.
Sri Lanka’s only Ship Builder Colombo Dockyard Plc is still strong & closed at Rs 126.50, up Rs 4.00.

Brokers said investors are optimistic on higher foreign inflow to the local equity market after international rating agency upgraded its outlook on Sri Lanka from negative to stable.
There were 117 gainers & only 24 losers during the trading day.

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Filed under: Daily Market Report

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