31-08-2009

ASI was up by 6.15 points to close at 2607.65 while MPI also gained 11.19 points to end the day at 2975.68. Turnover was 583.7 million rupees, boosted by large parcels in Environmental Resources Investment Plc (1,195,900), Hotel Services (Ceylon) Plc (2,245,000) & Nawaloka Hospitals Plc (6,075,400).

Aitken Spence Plc was up by 13.00 rupees to close at Rs 658.00 while its Hotel subsidiary Aitken Spence Hotels Plc gained by Rs 7.25 to close at 185.50.

Sri Lanka’s only Dry Dock operator Colombo Dockyard Plc continues to trade strongly & closed at Rs 135.25, up Rs 8.25. The local unit of Chevron, Chevron Lubricant Lanka plc was up by 3.75 to close at Rs 148.75.

In banking sector, Hatton National Bank Plc was up by 3.00 to close at Rs 138.00 while Sampath Bank Plc closed the day 1.50 higher at Rs 145.25.

Few plantation stocks shed their value today, namely Bogawanthalawa Plantation Plc lost three rupees to close at Rs 46.00. Elpitiya Plantations Plc was down by 2.25 to close at Rs 54.50.
There were net foreign out flow today as foreign investors bought Rs 50.3 million worth of stocks & sold stocks valued at Rs 89.7 million.

Brokers said market outlook remains positive. Retail investors were picking up hotel stocks with expectation of better tourist arrivals in coming months.

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Filed under: Daily Market Report

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