Colombo Stock Exchange Market Summary For The Month Of May

Although price levels fluctuated within narrow margins the market was relatively active with 78.2 Mn shares being traded. This compares favourably with 16.2 Mn shares traded last month. The average daily turnover for the month was Rs. 94.9 Mn, which is a 226% improvement from that of April. A turnover of Rs. 747.9 Mn was recorded on 21st May 1999 due to a large transaction of CTC Eagle Insurance Ltd. This was the highest turnover for a day since 22nd February 1994. The ASPI closed the month at 546.8 points, moving down by 0.3% while the MPI closed at 889.3 points, recording a negative growth of 0.08%.