CSE Stock Market Report 07-08-2009.

ASI slipped 2.58 points to close at 2525.04 while MPI closed 6.94 points higher to close at 2883.80. Turnover was respectable at 452.2 million rupees. Hotel services (Ceylon) Plc was the highest contributor for today’s turnover with 146.5 million rupees.

Colombo Dockyard Plc gained 3.25 to close at Rs 120.00. Lanka Orix Leasing (LOLC) ended the day four rupees higher at Rs 110.00. Hatton National Bank was up by 1.25 to close the day at Rs 130.00.

Carsons group of companies continued to post higher gains.

Multinational milk product producer Nestle lost 89 rupees on 100 shares. Nestle closed at Rs 251.00. Distilleries lost 1.25 to close at Rs 86.00.

There was 13.3 million rupees foreign outflow for the day. There were 66 companies reported gains while 55 reported price declines.

Announcements @ Colombo Stock Exchange.

07-Aug-2009 SERIOUS LOSS OF CAPITAL – Kshatriya Holdings PLC
The Company has informed the CSE, “it has been brought to the notice of the Board of Directors by the Group Finance Manager that the net assets of the Company are less than half the value of the Stated Capital of the Company. The Board shall therefore, as required by section 220 of the Companies Act No.7 of 2007 prepare a report dealing with the nature and extent of the losses, the causes of the losses incurred and the steps if any, being taken by the Board to prevent further losses or to recoup the losses and shall call an Extraordinary General Meeting of the Shareholders to discuss the said report.

An Extraordinary General Meeting of the shareholders shall be called on the 8th of October 2009 in order to discuss the report to be prepared by the Board and to discuss the financial position of the Company”.

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Filed under: Daily Market Report

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