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Bourse continues upward trend

The Colombo Bourse continued its upward trend yesterday as the ASPI increased to 787.6 points from 780.1 and the Milanka index to 1,336.1 points from 1,329.3.

The turnover was Rs. 188.7 million, up from Rs. 164.8 million the previous day.

Big parcels of Dankotuwa Porcelain, Asia Capital, Seylan Bank, Talawakelle, JKH, LOLC, Caltex and Distilleries shares were sold.

Stockbrokers said that the plantation sector index rose by 2.8 points on Tuesday and 3.16 points on Wednesday as investors showed increased buying interest.

Among the top gainers in the plantation sector were Hapugastenne, Bogawantalawa, Balangoda and Kegalle Plantations.

Analysts attributed the trend to the favourable tea auctions this week.

About 90% of tea was sold during yesterday's tea auctions, a significant improvement compared to the last few weeks. Prices improved from Rs.132.00 to Rs.135 - Rs. 140 levels.

The top five gainers of the day were Sathosa Motors, Coco Lanka, Kuruwita Textile, Ferntea and Kelsey.

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