Colombo shares on Thursday opened trading on a strong note led by premier blue-chip John Keells Holdings, on the back of the 'positive' meeting between Treasury Secretary and industry stakeholders on Tuesday, analysts said.
They said that this meeting with the Treasury Secretary, Dr. P B Jayasundera saw discussions on how all stakeholders as a whole should uplift the bourse. Credit rules were promised to be reconsidered and the government pledged to help revitalize the market and help brokers and improve their capacities, risk management and market development at this meeting with the top blue chip companies too is to be scheduled.
Some analysts noted that most retail-active counters were showing activity but the market seemed to lose steam towards the latter part of trading today.
The All Share gained 15.19 points (0.31%) to close at 4,960.05, Milanka increased 38.64 points (0.89%) to close at 4,395.66 and the S&P index gained marginally by 5.95 points (0.21%) to close at 2,791.68. Turnover was Rs. 754 million.
Top contributors to turnover were John Keells Holdings with Rs.373.7 million, Hatton National Bank with Rs. 64.61 million and PCH Holdings with Rs. 54.58 million. Most active counters for the day were Colombo Land and Development, Citrus Kalpitiya and Ceylon Grain Elevators.(DEC)
-Ends
Colombo shares up on 'positive' meeting with Treasury Secretary
