Trading at CSE started higher but after volatile trading it was closed with mixed results. ASI closed 7.54 higher at 3717.51 while MPI lost 20.05 points to close at 4195.84. Turnover was 1.20 billion rupees boosted by heavy trading in Kshatriya Holdings (13,038,900 shares) & Nation Trust Bank.
Dialog Telekom has reported Rs 12.2 billion loss for the year ended 31st December 2009. Probably the biggest ever loss reported in the history by listed companies in Sri Lanka. Sri Lanka’s Telekom sector is experiencing a tariff war after Indian mobile operator (Airtel) entering to local telecom market. Dialog closed unchanged at Rs 6.75.
Distilleries Group (DIST) net profit for the 9 month ended 31st Dec 2009 fell 45.66% to Rs 2.07 billion rupees mainly due to loss of control in Sri Lanka Insurance Corporation (SLIC) on Supreme Court judgment in last year. According to Distilleries group they are still not in a position to finalize the accounting outcome of above ruling as Treasury is still not determined amount they have to pay back on cancelled privatization. Distilleries closed 25 cents higher at Rs 116.00.
Aitken Spence Plc lost Rs 109.00 on 100 shares to close at Rs 1230.00 while its Hotel Holding Subsidiary Aitken Spence Hotel Holdings Plc lost 13.50 to close at Rs 390.00.
The Bukit Darah Plc gained by massive Rs 364.00 to close the day at Rs 3499.50. John Keells Holdings Plc was up by Rs 2.75 to close at Rs 165.25.
Foreigners bought stocks valued at Rs 284.8 million & sold stocks worth Rs 263.9 million resulting net inflow.
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