Sri Lankan shares up, Lanka Cement draws interest

April 01, 2009 (LBO) - Sri Lankan stocks edged higher on Wednesday boosted by speculative trading by small investors in Lanka Cement, which has a defunct plant in the north that is being eyed by foreign firms, brokers said.

The All Share Price Index was up 0.

online pharmacy buy spiriva inhaler with best prices today in the USA



10 percent (1.70 points) to end at 1,639.76 while the more liquid Milanka slid 0.
online pharmacy buy abilify with best prices today in the USA


online pharmacy buy tamiflu with best prices today in the USA

52 percent (8.98 points) to close at 1,727.22.

Turnover was 116.9 million rupees.

Almost 2.5 million shares of Lanka Cement changed hands. Lanka Cement gained 1.50 rupees to close at 12.50.

State-owned Lanka Cement has said it has received offers from foreign firms to revive its plant in northern Jaffna that has not been functioning because of the Tamil separatist war.

But with the war drawing to a close as the army has cornered the Tamil rebels, the government is seeking foreign investment to rebuild the plant, which sits on a rich deposit of limestone, the basic raw material for cement manufacture.

online pharmacy buy keflex with best prices today in the USA

"There was renewed retail interest on Lanka Cement," said Shivantha Meepage of Acuity Stockbrokers.

"Some investors showed relatively high interest in Commercial Bank shares as well.


"

Commercial Bank lost 50 cents to close at 78.75.

Fixed line giant Sri Lanka Telecom was up 75 cents to close at 34.


25.

Conglomerate John Keells Holdings lost 25 cents to close at 62.

online pharmacy buy diflucan with best prices today in the USA


online pharmacy buy estrace with best prices today in the USA

50.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x