Low interest rates take bourse along revival track

The CSE bounced back yesterday after two days due to the existence of conducive market conditions stemming from low interest rates. Accordingly, the market moved to green territory with all the macroeconomic conditions in place for the market to grow, market analysts said.

- By Hiran H. SENEWIRATNE

Amid those developments both indices moved upwards. The All Share Price Index went up by 86.8 points while S and P SL20 rose by 11.3 points. Turnover stood at Rs 4.4 billion with nine crossings.

Those crossings were reported in E B Creasy where 3.6 million shares crossed to the tune of Rs 218 million and its shares traded at Rs 60, NDB 500,000 shares crossed to the tune of Rs 70 million; its shares traded at Rs 140, Colombo Fort Land 750,000 shares crossed for Rs 59.2 million; its shares traded at Rs 79, VallibelOne 560,000 shares crossed to the tune of Rs 51.2 million; its shares sold at Rs 91.5, CIC Holdings 200,000 shares crossed for Rs 29 million; its shares traded at Rs 145.