Tuesday, 15 February 2005  
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Business in brief

Clarification : Sevanagala Sugar Factory still in operation

This refers to an article on page 20 of Ceylon Daily News of February 9, 2005 under the headline "Govt. looks for Bidders to re-open Sugar Factories"

It should be corrected as follows:

"Sevanagala Sugar Factory owned by Sevanagala Sugar Industries Ltd. under Daya Group of Companies had never shut down permanently at any time of its history of operations, and today it is one of the only two operating Sugar Factories in Sri Lanka."

The error is regretted.


Colombo Bourse remains strong

The Colombo Bourse closed on a strong note yesterday in spite of profit taking. The All Share Index which improved marginally from 1,708.86 points to 1,709.32 points. The Milanka Price Index increased to 2,356.38 points.

Stock Brokers said that the market experienced profit taking on blue chip stocks such as Lanka IOC and JKH.

The turn over for the day was Rs 559,434,846.

"The investor sentiment remain overall positive and retail stocks will lead the market in the backdrop of if any profit taking is going to occur", they said. The Domestic purchase was Rs 443,326,487 and foreign purchases was Rs 116,108,359.

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