Colombo shares gain in early trade
2008-10-15 11:48:27

Colombo share prices gained in mid-day trade on Wednesday with the All Share Price Index (ASI) and the Milanka Price Index (MPI) up 40 points or 2% to 2023.9 and the MPI up by 63.5 points or 2.5% to 2249 from closing on Monday.

Stock market analysts described the upward movement as a 'technical rebound' but said volume and turnover at around Rs 38 million remains mediocre. Most blue chip and large companies are up including Hayleys which climbed up by Rs.10, Richard Peiris up by Rs.1.75, Dialog Telekom and Sri Lanka Telecom both up by 25 cents, Distilleries Company of Sri Lanka up by Rs.2.50 and Commercial Bank up by Rs.3.50. John Keells Holdings share price remains unchanged.