Financial Times

Stock market hits new highs

The feeding frenzy on the Colombo Stock Exchange that drove the market to record highs abated towards the week's end as investors took profits and brokers said the correction might continue this week as well before prices climb again.

The recent bull-run sent indices soaring to new highs with the All Share Price Index up 29 percent this year and the Milanka up 49.8 percent. Total turnover for June is over Rs. 9.8 billion - the highest-ever monthly turnover in the history of the CSE while the daily average between January and June is also the highest ever at Rs. 192 million. (See inside pages for connected stories)