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Thursday, January 20, 2011

Colombo Bourse closes at record high

Sri Lanka stocks close at all time high, up 1.9- percent Thursday at an all time high, brokers said. The All Share Price Index closed at 7,193.10, up 1.91 percent (134.77 points) while the Milanka Price Index of more liquid stocks closed at 7,300.68, up 0.72 percent (52.48 points) according to stock exchange provisional figures. Turnover was 4.6 billion rupees.
Commercial Bank closed at 278.80, up 1.90 rupees and Hatton National Bank closed at 390.20, down 9.20 rupees.
John Keells Holdings closed at 298.30, up 5.40 rupees with over a million shares done and Aitken Spence closed at 187.90, up 0.40 cents.
Dialog Axiata closed flat at 11.80.

Janashakthi Ltd has increased its stake on Dunamis capital PLC

·       Janashakthi Ltd has increased its holding to 21.32% with the acquisition of 1271300shares of  Dunamis capital PLC on 20th januaray 2011.  Dunamis capital PLC manages a portfolio of investments consisting of diverse business operations, which together constitutes the Dunamis Group and provides function based services to its subsidiary and associate companies.

Sierra cables are going to invest in hotel sector

 As per the announcement  made by the company, they are going to invest RS 250 mn in two hotel project in the leisure sector under the joint venture agreement with the free lanka capital holding.
In 2010 tourist arrivals were up 46 percent to 660,000 after a 30-year war ended in May 2009.
Colombo is to see at least two 500 million dollar hotel and apartment development complexes on state land and existing leisure chains are also building new hotels in the coast.