Colombo Stocks continues to rise as Banking Stocks getting heavy demand.

The bench mark Colombo All Share Index was up by 31.90 points to close at 4332.39 while Milanka Index gained 68.70 to close the day at 4918.64. Turnover was 3.67 billion rupees.

Investors are speculating on possible tax cut on heavily taxed Banking Industry after recent import tax cut. Commercial Bank of Ceylon Plc (COMB) was leading the Banking rally with Rs 12.50 gain to close at Rs 267.00 while Hatton National Bank gained twelve rupees to close at Rs 272.00. DFCC Bank closed at Rs 247.75, up 9.50. National Development Bank was up by 8.75 to close at Rs 228.50 while Sampath Bank managed to close at Rs 310.25, up 11.50.

AVIVA NDB Insurance Plc has added Rs 15.25 to its value to close at Rs 225.25. Singer Sri Lanka Plc was up by 13.75 to end the day at Rs 128.75.

Total of 86 companies made gains today while 62 companies lost their market prices. Over 2.5 million shares of Confifi Hotel Holdings Plc traded today but closed 14.75 lower at Rs 210.00. The US Based lubricant Company Chevron Lubricants Lanka Plc lost 5.25 to close at Rs 159.50.

Foreigners were continued to be net buyers with purchases of Rs 513.2 million & sales of Rs 288.1 million.

Brokers feel that demand for banking stocks will continues as investors speculates on the sector.

Banking stocks dominated the today’s trading.

With the large transaction in Commercial Bank of Ceylon Plc (COMB) other banking stocks too got the investor attention. CSE turnover was boosted to massive 9.55 billion rupees mainly due to COMB deal. ASI was up by 41.59 points to close at 4300.39 while MPI managed to close 71.56 points higher at 4849.94.

COMB closed at Rs 254.50, up 5.25 while DFCC Bank closed at Rs 238.25, up 29.75. Hatton National Bank (HNB) was up by 9.75 to end the day at Rs 260.00. Nation Trust Bank gained four rupees to close at Rs 42.00 while National Development Bank closed at Rs 219.75, up 3.75.   

Investor interest in Motor sector still going on due to yesterday’s import tax cut on vehicles. Lanka Ashok Leyland was up by hundred rupees to close at Rs 1325.00 while Diesel & Motor Engineering (DIMO) closed at Rs 605.75, up fifty five rupees. United Motors Lanka Plc the Mitsubishi vehicle importer also added eight rupees to close at Rs 143.75.

Listed consumer electronic item importers also benefited from the tax cut. ABANS Electricals Plc was up by 5.25 to close at Rs 199.75. Singer Sri Lanka Plc closed at Rs 115.00, 19.75.

 Total of 86 stocks recorded gains today while 55 stocks lost their value. Foreigners were net buyers with huge margin as they purchased stocks valued Rs 6.21 billion rupees & sold stocks valued Rs 1.74 billion. According to the brokers the COMB stake was acquired by a foreign investor.

Sri Lanka Share market recovered from yesterday’s losses with the announcement of better earnings from JKH.

Stock Market summary -Tuesday 1^st June 2010.

John Keells Holdings Plc (JKH) group has announced Rs 5.55 billion profit (after tax & minority interest) for the financial year ended 31^st March 2010, up from Rs 4.96 billion last year. Investor sentiment was accelerated by the announcement of tax cut on vehicle imports. JKH was closed at Rs 186.00, up 2.25 while United Motors gained 30.25 or 28.67% to close at Rs 135.75.00.

 Colombo All Share price index closed at 4258.80, up 21.64 while more liquid Milanka index closed 20.98 points higher at 4778.38. Today’s equity turnover amounted to Rs 1.18 billion.

 Diesel & Motor Engineering Plc was up by massive Rs 105.00 to end the day at Rs 550.75. Abans Electrical Plc which is an electronic consumer goods importer gained 9.50 to close at 194.50. Sathosa Motors Plc the Isuzu vehicle importer also up by 15.50 to close at Rs 152.50.

There were 77 gainers & 63 losers for the day. Confifi Hotel Holdings & Renuka City Hotel Plc was among the major losers for the day. Confifi Hotel lost 25.50 to close at Rs 220.50 while Renuka City Hotel Plc was dipped by Rs 18.75 to close at Rs 235.00.     

CSE Indices turned to positive as selected stocks rises.

Gains in Hemas Holdings Plc (HHL) & John Keells Holdings Plc (JKH) pushed the ASI to 4250.99, up 24.5 points while MPI which represent more liquid stocks closed 39.57 points higher at 4761.35. Turnover was 1.09 billion rupees.

HHL has announced a share split of 5 for 1 & closed the day Rs 10.75 higher at 148.25 while JKH closed at Rs 180.00, up 2.50. Confifi Hotel Holdings made an extra ordinary gain of Rs 101.00 to close at Rs 318.00. There was huge demand for hotel sector stocks during the day.  Trans Asia Hotels Plc was up by 15.00 to close at Rs 240.00 while Sigiriya Village Hotels Plc closed at Rs 68.50, up 7.75.

Total of 84 companies made gains while 53 stocks lost their value during the day. Hayleys Plc was down by 7.75 to close at Rs 294.25 while Lanka Orix Leasing Company Plc (LOLC) lost 11.50 to end the day at Rs 265.25.

Foreign investors bought Rs 73.09 million worth of stocks & sold stocks valued at Rs 139.86 million.

Colombo Stock Exchange Negombo branch is going to conduct an Investor Education seminar series on 4^th, 11^th & 18^th of June 2010. You can get more information by calling Tel No – 031-2227859/61. It will cost you only Rs 300/-. The seminar will be conducted in Sinhala Language. If you are residing around Negombo don’t forget to participate.

Colombo Stock Exchange will be closed for trading on 27^th & 28^th May 2010 due to Vesak Poya (A Buddhist Religious Holiday).

Sri Lanka shares dipped due to profit taking by retailers.

Colombo Market faced selling pressure due to profit taking by retail investors on gains made during the past few weeks. ASI lost 6.43 points to close at 4226.49 while MPI lost 10.34 points to close at 4721.78. Turnover was 2.76 billion rupees.  

Turnover was boosted by heavy trading in Confifi Hotels & Commercial Bank. LOLC purchased 3,119,691 (43.33% of the stated capital) in Confifi Hotel Holdings Plc at Rs 210/- per share. In recent past there were several listed Hotels subjected to takeovers. Sri Lanka’s tourism sector is expected to take off due to current peaceful environment prevailing in the country.  

Index heavy JKH & SLT lost Rs 1.75 & 50 cents respectively. JKH closed at Rs 177.50 while Sri Lanka Telecom closed at Rs 36.75.

Central Finance Company Plc the Sri Lanka’s biggest listed finance company closed at Rs 400.00, up 10.50. Lanka Orix Leasing Plc gained Rs 16.25 to close at 276.50. Riverina Hotels Plc was up by Rs 19.00 to close at 129.00.

Foreign investors were net sellers with Rs 978.8 million sales & Rs 606.1 million in purchases.

Colombo bourse closed on a mixed note.

After fluctuating within narrow range CSE All Share Index (ASI) closed at 4248.37, up 4.83 points while more liquid Milanka index closed at 4788.58, down 4.13 points. Turnover was 1.34 billion rupees.

A subsidiary of Swiss based food company Nestle Lanka Plc was up by 59.75 to close at Rs 660.00 while MTD Walkers Plc closed at Rs 468.75, up 43.75. Finlays (Colombo) Plc closed the day Rs 35.00 higher at Rs 220.00.

Watapota Investments Plc was the biggest looser today with Rs 130.00 drop to close at Rs 1400.00. Ceylon Tea Services Plc lost 34.75 to close at Rs 540.00. Distilleries Company of Sri Lanka was down by one rupee to end the day at Rs 124.00.

There were 51 positive contributors & 90 negative contributors at the end of the trading.     

Housing Development Finance Corporation Bank of Sri Lanka (HDFC) has announced 528.65% increase in profit mainly due to recovered loan dues from EPF loan customers. HDFC logged a claim of Rs 560 million to Employees Provident Fund (EPF) in early this year to recover loans given against EPF balances. HDFC net profit for the quarter ended 31^st March 2010 was Rs 224 million but for the whole financial year ended 31^st March 2010 was amounted to Rs 104,006,000.00.

CSE announcements

Eden Hotel Lanka Plc

Revaluation of Fixed Assets.

The Board of Directors of Eden Hotel Lanka Plc has announced that they have revalued company fixed assets as at 31^st march 2010 & decided to incorporate the capital appreciation of Rs 482,342,287/- in the books of accounts.

Accordingly the value of fixed assets has increased from Rs 947,252,507/- as at 31^st March 2009 to Rs 1,429,594,794/- as at 31^st March 2010.

Reverina Hotels Plc

Revaluation of Fixed Assets.

The Board of Directors of Reverina Hotels Plc has announced that they have revalued company fixed assets as at 31^st march 2010 & decided to incorporate the capital appreciation of Rs 652,618,102/- in the books of accounts.

Accordingly the value of fixed assets has increased from Rs 969,906,104/- as at 31^st March 2009 to Rs 1,622,524,206/- as at 31^st March 2010.

Gains in selected blue chips pushed the indices higher.

Index heavy weighted Dialog Telecom was the main contributor for today’s positive close of the CSE indices. Dialog closed at Rs 8.50, up 25 cents. Aitken Spence Plc was up by 49.00 rupees to close at Rs 1499.25 while Lanka IOC Plc (LIOC) the local unit of Indian Oil Company closed 2.50 higher at Rs 21.75.

The All Share Index closed at 4242.67, up 13.27 points. Milanka Index of highly liquid stocks was up by 32.09 points to close the day at 4774.2. The total equity turnover for the day was 1.18 billion rupees.

Ceylon Tea Services Plc gained Rs 47.50 to close at Rs 562.50 while Ceylon Cold Stores Plc the Elephant Brand soft drink maker closed at Rs 243.50, up 24.75.

Retail investors were shifting their investments from high valued stocks to lower valued stocks. Good demand was seen on plantation stocks too. Kegall Plantations Plc was up by 2.50 to close at Rs 72.25 while Kotagala Plantations Plc was up by one rupee to close at Rs 66.00. Balangoda Plantations Plc closed at Rs 37.75, up 50 cents.

There were 66 positive contributors & 65 negative contributors for the day. The Bukit Darah Plc lost 147.00 rupees to close at Rs 4553.00 but only 100 shares traded. Environmental Resources Investments Plc was dipped by four rupees to close the day at Rs 87.25.    

Sri Lanka shares closed marginally lower after fluctuating within narrow range.

The ASI lost 6.82 points to end the day at 4215.22 while MPI closed almost unchanged at 4747.81. Turnover was 1.38 billion rupees. The expected market correction was eased by better than expected corporate results of listed companies for the March quarter. But the possibility of market correction is still there.

The highly illiquid Watapota Investments Plc was up by massive Rs 500.00 to close at Rs 1500.00 on 100 shares. Lanka Orix Leasing Company Plc closed at Rs 276.50, up 27.00. The retailer’s favorite Touchwood Investments Plc was up by twelve rupees to close at Rs 133.50. Haycarb Plc a subsidiary of diversified blue chip Hayleys Plc was closed at Rs 185.50, up 10.50. Government controlled Housing Bank HDFC closed Rs 7.00 higher at 160.25.

Rarely traded The Autodrome Plc lost 33.25 to close at Rs 370.00 while Hunters & Company Ltd was down by 63.00 to end the day at Rs 630.00. There were 62 gainers & 85 losers for the day.

Foreigners purchased Rs 178.5 million worth of stocks while they sold stocks valued at Rs 120.1 million.      

Sri Lanka shares closed marginally higher despite expected market correction.

Indices at CSE closed higher with gains in index heavy Dialog Telekom & Sri Lanka Telecom. Dialog closed one rupee higher at Rs 8.50 & over 23.9 million shares traded during the day. Sri Lanka Telecom closed at Rs 38.00, up one rupee. Turnover was healthy at 2.83 billion rupees. Heavy trading in Galadari Hotels alone contributed Rs 538.3 million for the today’s total equity turnover.

All share index closed at 4219.76, up 14.25 points while MPI closed at 4786.19, up 37.59 points. There were 93 companies that recorded negative growth while only 53 companies reported gains. This is clearly indicate market is about to face for a technical correction.

The Good Hope Plc was up by 56.00 to close at Rs 450.00 while The Bukit Darah Plc gained 25.25 to close at Rs 4525.25. Both companies have oil Palm interest in Malaysia. Confifi Hotel Holdings lost 14.25 to close at Rs 210.75 while Finlays Colombo Plc dipped by 44.50 to close at Rs 195.50. Diesel & Motor Engineering Plc (DIMO) lost eleven rupees to end the day at Rs 414.00.

3.30 Billion rupee turnover at Colombo Stock Exchange Today.

Huge parcels of Commercial Bank of Ceylon (5,057,700 shares) & Distilleries Company of Sri Lanka (2,027,600 shares) changed hands today. Stock Indices continue to rise uninterrupted. ASI gained 30.34 points to close at 4219.22 while Milanka closed at 4752.23, up 39.80 points.

The Bukit Darah Plc continues to record extra ordinary gains & closed the day 438.75 higher at Rs 4812.50. NAMAL Acuity Value Fund the Sri Lanka’s first quoted closed ended fund was up by 10.50 to close at Rs 67.50 (The Net Asset Value of a unit of NAMAL Acuity Value Fund as at 30th April 2010 is Rs.75.04). The highly diversified Blue Chip John Keells Holdings Plc managed to close 5.75 higher at Rs 191.00. Over 23.9 million shares of Janashakthi Insurance Plc shares traded today & closed unchanged at Rs 14.25.

Alliance Finance Plc lost 67.50 to close at Rs 397.50 while Aitken Spence Hotel Holdings Plc was down by Rs 39.00 to end the day at Rs 420.75.

Foreign investors were net buyers today with Rs 1.68 billion purchases & Rs 1.40 billion sales.

Vallibel Finance Limited shares will commence trading from tomorrow the 4^th May 2010 & will be classified under the Banks Finance & Insurance sector. The assigned code for  Vallibel Finance is VFIN-N0000.

RAIGAM WAYAMBA Trading begins with 68% gain.

Raigam Wayamba Salterns Ltd commenced trading today & closed 1.70 higher at Rs 4.20 & over 52 million shares traded during the day. CSE Total turnover was 2.01 billion rupees. ASI gained 20.45 points to close at 4155.00 mainly on extra ordinary gain (Rs 391.50) in The Bukit Darah Plc to close at Rs 3842.75. Milanka Index closed almost unchanged at 4695.39.

Index heavy Dialog Telekom closed at Rs 7.25, up 25 cents. ACME Aluminum was up by 11.75 to close at Rs 38.25. Bahira Farms closed at Rs 48.50, up 4.25.

AMANA Takaful lost four rupees to close at Rs 32.25. Ceylon Leather Products was down by Rs 8.50 to end the day at Rs 114.75.

Foreigners were net sellers with Rs 805.3 million sales & Rs 191.9 purchases. Total Market Capitalization as at today was 1352.3 billion rupees.

Sri Lanka shares closed slightly lower.

Despite strong start market dipped later in the day due to profit taking by investors. ASI closed slightly lower at 4134.46, down 1.59 points while MPI also lost 8.58 points to close at 4694.98. Heavy trading reported in Asia Capital Plc (2,420,300), Colombo Land & Development Company Plc (8,032,500 shares) & Ceylon Grain Elevators (1,324,700). Turnover was 2.03 billion rupees.

Ceylon Leather Products Plc was up by 9.25 to close at Rs 123.25 while Abans Electricals Plc gained 15.00 to close at Rs 160.00. AVIVA Insurance Plc closed at Rs 233.25, up 13.25. Malwatte Valley Plantations Plc gained 4.25 to close at Rs 56.25.

Ceylon Cold Stores Plc a subsidiary of JKH lost nineteen rupees to close at Rs 200.25. Ceylon Tobacco Plc was down by 5.25 to end the day at Rs 310.00. Commercial Bank of Ceylon Plc lost 3.75 to close at Rs 241.25.

CSE has announced that the Rigam Wayamba Salterns Ltd shares will commence trading on 29^th April 2010 & will be classified under Beverage Food & Tobacco sector.

CSE Trading summary.

Monday 26^th April 2010.

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.

Sri Lanka shares closed positively despite profit taking.

In early trading shares gained significantly but later came down on selling pressure. Investors sold stocks that appreciated in last few days. However ASI gained 7.01 points to close at 4022.37 while MPI closed at 4579.79, up 3.69 points. Turnover was healthy at Rs 1.85 billion.

Total of 80 companies managed to improve their stock prices while 74 companies lost in value. Ceylon Tobacco a member of multinational tobacco giant British American Tobacco was up by 11.50 to close at Rs 269.00. Confifi Hotel Holdings Plc closed at Rs 220.00, up ten rupees. Renuka City Hotel Plc gained 10.25 to close at Rs 260.00. A rarely traded stock Swadeshi Industrial Work Plc was up by massive 950.00 to close at Rs 3800.00 but only 200 shares traded.

Dialog Telekom Plc closed unchanged at Rs 7.25.

Market may experience minor correction in coming days. But we strongly believe there are many undervalued stocks on future earnings.  

Another Record Day for Colombo Stock Exchange.

The bench mark Colombo All Share Index (ASI) has passed 4000 index points for the first time in its history. ASI was up by 48.49 points to close at 4015.36 while Milanka Index closed at 4576.10, up 58.36 points. Colombo Stock Market is continuously making new highs since last year. Today’s turnover stood at Rs 1.76 billion rupees.

Index heavy weight John Keells Hotels Plc was up by 1.75 to close at Rs 22.00. Dialog Telekom gained 25 cents to close at Rs 7.25. Aitken Spence Plc closed 24.50 higher at Rs 1400.00. AVIVA NDB closed at Rs 218.00, up seven rupees. Sampath Bank was up by 15.75 to close at Rs 254.00.

Asian Hotels & Properties Plc lost 2.00 to close at Rs 147.00. Hapugastenne Plantations Plc was down by three rupees to close at Rs 40.00.

Foreigners were net sellers with Rs 277.8 million sales & Rs 133 million purchases.

Vallibel Finance has announced the basis of allotment for their recently concluded IPO. According to them all applicants who applied for 100 shares will get full amount. Applicants who applied more than 100 shares will get 100+ 9.89%.

Colombo Share Market closed slightly lower.

ASI lost 2.95 points to close at 3955.83 while MPI which use to calculate the movement of more liquid stocks lost 22.08 to end the day at 4520.48. Turnover was 650.8 million rupees. Turnover was low compared to previous week figures mainly due to local investors still not returned to market after holidays.

Over 10 million shares of Keells Hotels Plc (KHL) traded & closed 1.50 lower at Rs 19.00. KHL has contributed Rs 193.6 million for the today’s total equity turnover. Aitken Spence Hotel Holdings Plc gained 14.50 to close at Rs 444.50 while parent company Aitken Spence Plc lost 24.75 to close at Rs 1375.00. Asian Hotels & Properties Plc a subsidiary of John Keells Holdings Plc was up by 3.50 to close at Rs 150.00.

The government controlled Hosing Bank HDFC lost 5.75 to close at 150 rupees. Hemas Holdings Plc lost two rupees to close the day at Rs 121.00. Environmental Resources Investments Plc was down by one rupee to close at Rs 99.00.  

Foreign purchases stood at Rs 116.4 while their sales amounted to Rs 167.5. Market will fluctuate within narrow range for tomorrow too as full investor participation can only be expected only on 19^th Monday.  

Market edge up day before the Sinhala/Tamil New Year Holidays.

Colombo Stock Exchange opened today for trading after General Election which was held 8^th April 2010. As expected ruling party won the clear majority of 225 member Parliament.

 ASI closed 19.16 points higher at 3958.78 while MPI gained 17.57 points to close at 4542.56. Turnover was healthy at Rs 1.79 billion. John Keells Holdings Plc has contributed Rs 404.5 million for the total equity turnover & closed at Rs 189.25, down 75 cents. Over 2.6 million shares of John Keells Hotels Plc was traded & closed one rupee higher at Rs 20.50. Ship Building Company Colombo Dockyard Plc was up by Rs 12.00 to end the day at Rs 292.00. Ceylon Hospitals Plc (Durdans) closed at 119.75, up Rs 7.75. National Development Bank was up by 3.75 to close at Rs 223.00.

Finlays (Colombo) Plc was dipped by Rs 43.75 to close at 211.25. Touchwood Investments Plc lost 2.25 to close at Rs 106.00. There were 93 gainers & 45 losers for the day.

Foreign purchases were amounted to Rs 523.3 million & sales amounted to Rs 663.9 million.

Colombo Market will be closed for trading for next two days (13^th & 14^th April) for Sinhala/Tamil New Year Celebrations.

Sri Lanka Stocks crossed 3900 index points.

Colombo indices continue to rise & crossed 3900 points today. ASI gained 39.26 points to close at 3909.61 while MPI closed at 4497.24, up 56.12 points. Turnover was 2.77 billion rupees.

Investors shifted from speculative stocks to high valued fundamentally sound stocks. This scenario was prevailed in past few days.  

John Keells Holdings Plc (JKH) was the main contributor for today’s rise. JKH closed four rupees higher at Rs 190.00 & over 5.2 million shares traded. The second highest contributor Sunshine Holdings Plc closed 10.50 higher at Rs 45.75. Hatton National Bank was up by 7.25 to close at Rs 212.25.

Environmental Resources Investments Plc slipped 2.75 to close at Rs 110.00 while Ceylon Hospital Plc closed 4.75 lower at Rs 110.25. Kelani valley Plantations Plc was down by 6.50 to close at Rs 48.00 while watawala Plantations Plc lost four rupees to close the day at Rs 175.00.

Tomorrow the 8^th April 2010 Colombo Stock Exchange will close at 12.00 noon due to General Election. Market will be closed for trading on 9^th April as Government declared it as a special Public & Bank holiday.

Colombo shares on bullish trend ahead of General Election.

Sri Lanka’s General Election is scheduled to hold on 8^th April 2010 but it is unlikely any change will happen. Ruling party won the last Presidential Election which was held on 26^th January 2010 with a huge majority.

ASI closed 88.45 points higher at 3870.35 while MPI gained 92.17 points to close at 4441.12. Turnover was 1.24 billion rupees.

Gains in Hatton National Bank (HNB), Commercial Bank of Ceylon Plc (COMB) & Sri Lanka Telecom Plc has contributed to close indices at higher levels. HNB closed at Rs 205.00, up 15.75. COMB closed at Rs 227.00, up eight rupees. Distilleries Company of Sri Lanka Plc closed the day four rupees higher at Rs 122.00.

Price gains were seen in almost all the sectors. There were 151 companies recorded gains while only 18 companies lost their value. Brokers said that Government institutions are actively buying Blue Chip stocks especially when large foreign funds selling their stakes.

Foreigners bought stocks valued Rs 81.5 million rupees while sold 144.5 million worth of stocks.

Sri Lanka Stock Market summery.

5^th April 2010.

Indices appreciated with gains in heavy weighted stocks. ASI closed at 3781.90, up 35.04 points while MPI gained 20.25 to close at 4348.95. Turnover was 681.1 million rupees.

The Bukit Darah Plc gained 200 rupees to close at Rs 3200.00 on mere 300 shares while fixed wire line telecom service provider Sri Lanka Telecom Plc was up by 75 cents to close at Rs 37.00. Sri Lanka’s one of the oldest diversified Company Hayleys Plc closed at Rs 231.25, up 8.25. Chevron Lanka Lubricant Plc closed at Rs 173.50, up four rupees. Commercial Bank of Ceylon Plc nonvoting shares closed the day Rs 12.25 higher at Rs 170.25 while voting stocks gained 4.25 to close at 219.00.

 Both Dialog Telekom Plc & Distilleries Company of Sri Lanka Plc closed flat at Rs 7.00 & Rs 118.00 respectively.

Aitken Spence Plc lost 33.75 to close at Rs 1340.00. Diesel & Motor Engineering Co Plc lost 11.50 to end the day at Rs 413.25.

There were 101 gainers & 25 losers for the day.   

Lank Orix Leasing Company Plc has announced the incorporation of wholly owned subsidiary namely LOLC Insurance Company Ltd to start insurance business. They are still to get regulatory license for commence commercial operations.    

Raigam Wayamba Salterns Ltd – (IPO) - Basis of allotment.

Applicants who applied for 1000 to 5000 shares will received in full. Applicants who applied more than 5000 shares will receive 5000 shares plus 2.12%.