John Keels Hotels & Other hotel shares supported Colombo Stocks to moved up

April 16, 2010 - PRLog -- 16/04/2010 – Colombo Stock Market was up today as investors chased behind hotel sector companies on back of increased tourist arrivals to the country during the past 03 months period when compared with the same period in year 2009.

TOURIST ARRIVALS TO THE COUNTRY - JAN  TO MARCH 2010 - see graph

All Share Price index was up by 11.04 points to close at 3966.87 & more liquid Millanka Price index was down by marginal 2.74 points to close at 4517.74.
Turnover for the day was healthy Rs 1.1b.n. , supported by the buying interest in the John Keels Hotels,   a unit of Blue Chip Company John Keels Holdings. Share price of John Keels Hotels traded in the range of Rs 18.75 & Rs 21.50 & closed the day at Rs 20.25 up by Rs 1.25.
Hotels & Travels sector was the leading sector with 2.18% increase, followed by the Plantations sector & Investment Trust sector was the worst performing sector for the day with a drop of 5.22%.
Foreigners purchased shares to the value of Rs 140m.n. & sold shares worth of Rs 291m.n.
There were 78 gainers as against 51 losers.
The Colombo Stock Market is still up 17.2 percent for this year, making it Asia's best-performing market
so far for this year.

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