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| Thursday, 30 September 2004 |
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Foreign investors net buyers at Bourse The All Share Price Index (ASPI) which opened yesterday at 1,449.5 closed at 1,443.0 moving down by 6.5 points while the Milanka Price Index (MPI) which opened at 2,145.6 points closed at 2,129.7 points moving down by 15.9 points. A total turnover of Rs 123.9 Mn was recorded with a share volume of 8.3 Mn shares being traded. Foreign investors continued to be net buyers in the market with purchases of Rs 22.8 Mn and sales of Rs 2.6 Mn., a net inflow of Rs 20.2 Mn. The Manufacturing and Trading sectors accounted for 51% of the total turnover for the day. The top gainers include C. W. Mackie, Three Acres Farms, Agalawatte Plantations and Statcon Rubber. The top losers include Hunas Falls, Selinsing, E-Channeling and Browns.
CSFSL Rs. 200 m Debenture Issue Ceylinco Securities and Financial Services Limited (CSFSL) has launched a new issue of three-year unquoted debentures to the value of Rs. 200 million. The issue will be opened on October 1 and will close on March 31, 2005. The objective of the debenture issue is to raise funds for the expansion of the fund based activities such as leasing and property development. These debentures carry a par value of Rs. 100 with a minimum subscription of Rs. 10,000. Company sources said that interest rates would vary according to each individual type of investment, with rates being substantially higher than prevailing bank rates. The investors have the choice of choosing four types of debentures. These include an attractive 13% interest per annum, 12% interest per annum with a put option after two years, 11% monthly interest and a floating interest rate tied to the Treasury bill rate.
Emirates offers 96-hr transit visas for stopover passengers Sri Lankans travelling beyond Dubai with Emirates can now obtain 96-hour transit visas on arrival at Dubai International Airport. The facility, extended to Sri Lankans last week, is exclusively for passengers in transit to a third country who satisfy the entry requirements of Dubai. The 96-hour visa, costing US$50, is issued at the new Emirates Commercial Desk on Level 3 of the Arrivals Area at Dubai International Airport. "This facility makes stopping over in Dubai for business or leisure extra convenient," said Devika Ellepola, Emirates Sales Manager Colombo. "Emirates passengers can now plan a Dubai break at short notice, as there will not be a need to wait for visas to be processed." To avail themselves of this offer, passengers must travel on Emirates, as the facility is not available on code share flights. Award-winning Emirates, one of the world's fastest growing international airlines, operates 18 flights a week from Colombo to Dubai, providing convenient onward connections to 77 destinations in 54 countries. |
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