Wednesday, January 5, 2011

Market turnover shot up above 2.5 billion for the first time in 2011

Despite a wavy movement of shares during December 2010, the Colombo Stock Market on Tuesday reported a higher turnover at Rs.2.73 billion amidst the Central Bank's 'Monetary Policy Road Map' outlook on projected economic growth at 8.5% during 2011.

The All Share Price Index (ASPI) closed at 6,701.85 points, reaching 0.7 % by 43.85 points whilst highly liquid Milanka Price Index (MPI) closed up 0.3% with 32.67 points at 7,094.07 points at the closure of market hours.

A total volume of 115.14 million shares changed hands.

Nearly 1.8 million shares of poultry firm, Ceylon Grain Elevators (GRAN) got traded, closing at Rs.95.40 up 20% whilst over 13 million shares of Richard Peiris (RICH) traded, closing at Rs.11.8, a rise 7.5%.

Sierra Cables announced its amalgamation with its subsidiary Alucop Cables Ltd. and Amaya Leisure PLC (CONN) announced its management contract cancellation with former Reefcomber Hotel amidst its recent name change to Citrus Leisure PLC (REEF).

 However, REEF closed high at Rs.68.50 almost rising by 50%. Ceylon Tobacco (CTC) announced a new appointment of Managing Director/CEO, James Yamanaka to the board in the wake of the resignation of Mustanser Ali Khan with effect from 31 December 2010.

source - www.dailymirror.lk

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