Despite warning from an analyst on possible correction, CSE continued its bullish trend for the fresh week started today. ASI was up by 21.67 points to close at 5182.85 while MPI also up by 30.42 points to end the day at 5885.15. Turnover was impressive at 6.03 billion rupees. Due to massive number of transaction there was significant delay in Colombo Stock Exchange official website (cse.lk) to finalize today’s final stats. 

The analyst Mr. Murtaza Jafferjee speaking to news360.lk website said current performance in the Colombo Stock Market is a “bubble” and is expected to burst thus creating a huge market fall out. However he says it is difficult to say when the “bubble” will burst. Read the full story here.

http://www.news360.lk/?p=2240

Foreigners were net buyers with Rs 1.05 billion & their sales amounted to Rs 519.08 million.