Colombo indices up but cannot sustain momentum
2008-11-11 11:55:43

Colombo stocks were up on Tuesday morning on thin volumes but stock analysts unanimously said this will not sustain towards stock market close mirroring yesterday’s fate.

Vajira Premawardhana, Executive Director, Lanka Orix Securities said that the indices surge was marginal in the morning and it was on thin volumes. “There doesn’t seem to be solid support for the market to go up further,” Thakshila Hulangamuwa, Vice President Asha Phillip Securities noted.

The All Share Index was up by 3.45 points to 1,860.27 while the Milanka was up by 7.94 points to 2,081.30 just before noon. The turnover at the time was a mere Rs 33 million.
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