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Highest growth recorded at Colombo Stock Market

Sep 3, 2010 12:30:40 PM - itnnews.lk

The Colombo Bourse registered its highest growth in history in the face of broad political stability. Deputy Director General of the Stock Market Malik Cader clarified on this significant growth.

Sri Lankan shares continued their bull run Friday with gains seen in several sectors on the back of the previous day’s sharp rise, brokers said.

He said the All Share Price Index closed at 5,880.49, up 1.65 percent (95.32 points) while the more liquid Milanka index rose 1.77 percent (105.29 points) to cross the 6,000 points mark and close at 6,066.81, according to stock exchange provisional figures. Turnover was 4.1 billion rupees. “The market witnessed a bull run today with gains seen in several sectors such as plantations, manufacturing, banks and hotels,” said Sahani de Silva, research analyst at Bartleet Mallory Stockbrokers. “Interests can be expected to continue next week too.”

Brokers said institutional buying was also seen Friday.