CSE Trading summary.

Colombo bourse opened for trading for a fresh week today on a positive note. ASI ended the day at 4136.05, up 14.41 points while MPI which represent more liquid stocks gained 7.73 points to close at 4703.56. Turnover was 1.61 billion rupees boosted by AMANA Takaful, Asiri Hospitals & Nwaloka Hospitals Plc.

AMANA Takaful has announced subdivision of shares (10 shares for every existing share) & closed 17.00 higher at Rs 36.75. More than 22 million shares of Nawaloka Hospitals traded today & closed 20 cents higher at Rs 4.40. Aitken Spence Plc closed at Rs 1494.25, up 44.25. Rarely traded The Nuwara Eliya Hotels Company Plc was up by 25.50 to close at Rs 475.00.

Aitken Spence Hotels Holdings Plc was down by 14.25 to end the day at Rs 447.50 while Lanka Orix Leasing Plc lost 6.50 to close at Rs 210.75.   

Foreign purchases were amounted to 350.9 million rupees while sales amounted to 365.1 million rupees.

Technical correction can be expected within this week despite strong medium to long term outlook.