Wednesday, August 19, 2009

Market indices record substantial gains at CSE

On Tuesday, the Colombo Stock Market remained positive with the market indices recording substantial gains due to high investor interest in blue chip and hotel stocks.

The All Share Price Index (ASPI) which tracks the movements of all stocks gained 30.22 points or 1.21% to close the day at 2,530.68 points while the Milanka Price Index which tracks the most liquid stocks was up by 23.22 points or 0.82% to close the day at 2,844.51 points. The ASPI growth for the year to date stands at 68.37%. The market turnover increased by 62% to Rs.418.43 from Rs.257.52 million recorded on the previous trading day.

Heavily traded stocks for the day, in terms of volume were Nawaloka Hospitals, Piramal Glass Ceylon, Environmental Resources Investments, Stafford Hotels, Commercial Bank of Ceylon, Cargills (Ceylon), Sigiriya Village Hotels, Lanka IOC and Cargo Boat Development Company.

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