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Sri Lankan shares end firmer

April 10, 2008 (LBO) - Sri Lankan stocks closed slightly firmer Thursday but ended the shortened trading week on a weaker note despite a big deal that sent turnover soaring, brokers said.
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The All Share Price Index ended up 7.66 points at 2,614.63 while the more liquid Milanka was up 5.
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84 points at 3,275.74, Thursday. Turnover was 116 million rupees.
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Bartleet Mallory Stockbrokers said that given the shortened trading week next week as well owing to traditional new year holidays they expect market activity to be subdued.

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The brokers advised investors to take positions in the fundamentally sound counters, in anticipation of a possible market up-turn towards end-April.

The ASPI lost 10.34 points or 0.39 percent while the Milanka fell 24.

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93 points or 0.76 percent during the week which began with the assassination of highways minister Jeyaraj Fernandopulle by a Tamil Tiger suicide bomber.
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The week's trading was dominated by the sale of a controlling stake in Hotel Services, which owns the Ceylon Continental hotel, by U K Sharma with the buyer believed to be entrepreneur Nahil Wijesuriya, Wednesday.

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