Colombo stocks rise on thin volumes
2008-11-10 10:40:09

Colombo stocks, after the indices fell on Friday, opened the week (Monday) on a slightly active note, but with brokers predicting this positive trend is not likely to continue today.

“Dialog was the main contributor to today’s favorable momentum, gaining 25 cents to 7.50 in the morning. The indices were up mainly due to the 1,100 Dialog shares that were traded, but it is quite hard to sustain because there is no widespread investor participation,” Vajira Premawardhana. Executive Director, Lanka Orix Securities said.

The All Share Index climbed 0.70 points to 1,891.06 while the Milanka advanced by 1.77 points to 2,126.28 points during early trades. The turnover was at Rs 17 million.
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