At the end of the trading week Milanka index which represents most liquid 25 stocks of the Colombo Stock Exchange crossed the 6000 point barrier. It is likely to ASI too will follow the same in near term.

CSE All Share index gained 246.34 points to close the week at 5880.49 while Milanka index recorded increase of 169.7 points to end the week at 6066.81. The turnover for the week amounted to 14.79 billion rupees compared to 8.28 billion rupees which was reported for the previous week. There was 4.1 billion turnover for the Friday alone.

Total market capitalization at the end of the week was 1.93 trillion rupees compared to last week figure of 1.85 trillion rupees. Market Price Earning Ratio increased to 24.56 from 23.69 last week.

In Banks Finance and Insurance sector, Central Finance Plc was up by 140.20 for the week to close at Rs 724.00 while LB Finance closed at Rs 188.80, up 35.60. AVIVA NDB Insurance Plc gained 33.30 for the week to close at Rs 293.30.

In Beverage Food and Tobacco sector, Ceylon Tobacco Plc was up by fifty five rupees to end the week at Rs 390.00 while Ceylon Cold Stores Plc closed at five hundred rupees, up fifty rupees. Distilleries Company of Sri Lanka Plc gained 12.20 to close at Rs 152.20.

From Diversified Holdings sector, Carsons Cumberbatch Plc was up by 44 rupees to close at Rs 807.40 while Richard Pieris Company Plc closed at Rs 144.70, up 24.70. John Keells Holdings closed at Rs 260.00, up 6.20.

The Bukit Darah Plc which is from oil palm sector, was up by 442.50 to close at Rs 7900.00.

Foreigners continued to be net sellers with Rs 1.26 billion rupees purchases and 1.60 billion in sales. Brokers expect to continue this trend in the coming week too.

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Filed under: Colombo Stock Exchange • daily • weekly Report

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