Colombo All Share Index up by 102.31 Points on Investor Interest

29th October 2010, www.stock-market-today.net

At the end of Friday's trading Colombo ASI closed at 6878.05, up 102.31 points while MPI which represent most liquid twenty five stocks of the Colombo Stock Exchange was up by 129.07 points to end the day at 7241.77. Today's total equity turnover was amounted to 2.65 billion rupees.

There were 133 gainers and only 49 losers for the day. Index heavy Carsons and John Keells Holdings (JKH) were the top two contributors for today's 100 point gains. Carsons was up by 72.60 to close at Rs 1074.50 while JKH closed 7.60 higher at Rs 299.80.

LOLC a leasing company entered in to fast construction industry by acquiring stake in Sierra Construction (pvt) Ltd was up by 17.70 to close at Rs 1299.70. Ship Builder Colombo Dockyard Plc was up by 11 rupees to close at Rs 285.20.

Investor interest is getting hotter on Laugfs Gas IPO as opening date is getting closer day by day. Laugfs initial public issue will officially open on 4th November 2010 and I am sure it will have to close the same day due to over subscription.