Colombo shares ended the week on positive note.

End Friday’s trading ASI closed at 3563.14, up 26.43 points while MPI gained 13.91 points to close the day at 4099.28. Turnover recorded for the day was 1.56 billion rupees. The week was limited to four trading days.

Heavily Traded stocks for the day.

·         Kshatriya Holdings Plc – 5,291,800 shares traded & closed at Rs 8.25, up one rupee.

·         Ceylon Leather Products Plc - 1,306,700 shares & closed 3.25 lower at Rs 109.75.

·         John Keells Holdings – 1,353,800 shares traded & closed unchanged at Rs 179.00.

·         1,182,200 Shares of Nation Trust Bank plc & closed unchanged at Rs 38.00.

·         2,176,300 shares of Nawaloka Hospitals traded & closed 10 cents higher at Rs 3.20.

Haycarb Plc a subsidiary of diversified blue chip Hayleys Group closed at Rs 169.75, up Rs 23.50. Aitken Spence Hotel Holdings Plc was up by ten rupees to close at Rs 345.00 while Reverina Hotels Plc closed at Rs 90.00, up 13.75. The high quality tile producer Royal Ceramic Lanka Plc was gained by 6.25 to end the day at Rs 78.25.

Distilleries Company lost 50 cents to close at Rs 119.50. People’s Merchant Bank Plc was down by 6.25 to close at Rs 39.75. Property Development Plc, the owners of Bank of Ceylon head office building closed the day 2.00 rupees lower at Rs 34.25.

Foreign investors were net sellers today with Rs 92.7 million purchases & Rs 387.6 million sales. Next week is the final week before the Sri Lanka’s Presidential Election. We hope there will be more upside potential during the week.