Weekly Colombo Stock Market Summary.

Week ended 7^th March 2010.

The benchmark All Share Index (ASI) closed at 4223.13, up 34.25 points for the week while Milanka Price Index (MPI) was closed at 4762.37, up 49.94 points. There was huge increase in equity turnover to Rs 13.49 billion for the week from 6.75 billion rupees previous week. Market Price Earnings Ratio (PER) has increased to 20.85 from 20.67 while market capitalization also increased to Rs 1,374.9 billion rupees from 1363.3 billion rupees previous week.

Nawaloka Hospital shares received good buying interest after they sold out their stake in lost making hotel group Galadari. Investors believe that the Nawaloka Hospital will improve their performance after this share sale. Nawaloka closed at Rs 6.75, up 2.05 or 43.62 percent. Asia Capital was up by 8.25 to close at Rs 32.00.

 Total foreign purchases were amounted to Rs 4.26 billion & their sales amounted to 2.24 billion rupees. March quarter corporate results were started to getting out & most of them were improved results.