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STOCKS - SRI LANKAN SHARES END HIGHER - APRIL 30, 2009.

AsiaPulse News

| May 01, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

COLOMBO, April 30 Asia Pulse - Sri Lankan retail investors pushed up shares for the second straight day on thin volumes, while the rupee strengthened from around 120.50 in spot trade to 120.00/10 by mid-day, brokers and dealers said.

The All Share Price Index of the Colombo stock gained 0.46 percent (8.36 points) to end at 1,834.75 while the Milanka index of liquid stocks was up 0.51 per cent (9.93 points) to close at 1,961.21, according to provisional stock exchange data.

Turnover was 80.8 million rupees.

"The market expects institutional participation to improve with interest rates coming down," said Shivantha Meepage of Acuity ...

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Source: HighBeam Research, STOCKS - SRI LANKAN SHARES END HIGHER - APRIL 30, 2009.

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