The two indices closed two different ways. ASI gained 1.59 points to close at 2893.64 while more liquid Milanka index closed the day 17.58 points lower at 3249.75. Turnover was 326.8 million rupees.

In Banks Finance & Insurance sector, National Development Bank was up by 3.25 to close at Rs 190.00. Alliance Finance Co Plc gained 11.00 rupees to close at Rs 347.50 but on 200 shares. Central Finance Plc lost 5.25 to close at Rs 300.00. Hatton National Bank Plc was down by one rupee to end the day at Rs 162.00. Nation Trust Bank lost 50 cents to close the day at Rs 32.25.

Few stocks reported gains in Hotel sector, Renuka Holdings Plc was up by Rs 4.75 to close at Rs 75.75 while Royal Palms Beach Hotels Plc was up by 2.75 to close at Rs 67.00. Trans Asia Hotel gained 1.50 to close at Rs 147.50.

Colombo Dockyard lost 1.50 to close at Rs 157.50 while Chevron Lubricant Lanka Plc was down by one rupee to close at Rs 150.00.

Index heavy Blue Chip John Keels Holdings lost 2.50 to close at Rs 150.25.

Announcements

28-Sep-2009 SEYLAN BANK PLC – PUBLIC OFFERING OF ORDINARY VOTING SHARES

SSP Coroprate Services (Pvt)Ltd has announced the figures in respect of the applications processed as at 25th September 2009, subject to realization of cheques, to the CSE as follows:

Number of applications received : 1,587

Number of shares applied : 30,958,454

Total value of shares applied : Rs.1,083,545,890/-

28-Sep-2009 SINGALANKA STANDARD CHEMICALS PLC – Merchant Bank of Sri Lanka PLC

The Company has informed the CSE, “that our client, Gulf East Finance Limited has purchased additional 62,610 shares at LKR 75 per share on 25 September 2009 after triggering the Mandatory Offer on 18 September 2009.

With this purchase, the total holding of Gulf East Finance Limited in Singalanka Standard Chemicals PLC has increased to 35%”.

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Filed under: Daily Stock Market Report

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