There was heavy buying interest in all most all the sectors. ASI gained 77.12 points (+1.77%) to close at 4431.32 while MPI ended the day 135.57 points higher at 5103.91. Turnover was 2.61 billion rupees.   
Index heavy Dialog Telekom closed the day 75 cents higher at Rs 9.00 while highly diversified blue chip JKH closed at Rs 198.00, up eight rupees. Hatton National Bank was up by 10.25 to close at Rs 182.00. National Development Bank (NDB) closed at Rs 249.50, up 17.25. Sampath Bank ended the day twelve rupees higher at Rs 351.50.
Despite announced lower profit, Distilleries Company of Sri Lanka Plc managed to close the day Rs 2.75 higher at 125.25.
In Hotels & Travel sector Aitken Spence Hotel Holdings Plc was up by 9.50to close at Rs 424.50 while Serandib Hotels gained 11.25 to close at Rs 111.25. Trans Asia Hotels Plc closed at Rs 240.00, up 16.50.
Hemas Power Plc has announced issue of up to 400,000 unlisted Cumulative Redeemable Preference shares at Rs 1000/- per share. The said preference shares will be issued in two tranches & will offer to selected investors such as licensed commercial banks, financial institutions, Fund Managers & unit trusts by the way of Private Placement. Hemas Power Plc further said that the objective of the issue is to settle the bank loans obtained to acquire Upper Agra Oya Hydropower (Pvt) Ltd. The proposed preference shares will carry a dividend rate of 11.5% fixed for period of five years.
Foreign sales exceeded foreign purchases & reported a net outflow of funds. Foreigners bought Rs 188.6 million worth of stocks & sold stocks valued Rs 559.06 million.     

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Filed under: Colombo Stock Market • daily

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