Thursday, September 9, 2010

MPI & ASPI passed 6000 points

During the holiday shortened week the All Share Price Index (ASPI) increased 142.92 points to close at a new all time high of 6023.41 points, while the Milanka Price Index (MPI) also increased by 211.50 points to a new high of 6278.31 points. The daily average turnover was SLRs.4.3bn compared to SLRs.3bn last week and the week ended with foreign buying amounting to SLRs.1.9bn whilst foreign selling was SLRs.4.4bn.

The week started off on a negative note with both indices recording losses on Monday.
However the market picked up towards the end of the week with both the ASPI
& MPI recording gains on Wednesday & Thursday. Both the MPI & ASPI passed
6000 points on Thursday. The ASPI recorded an increase of 60.79points (1.02%)
WoW to close at 6023.41 points. The liquid MPI also jumped 125.38points (2.04%)
WoW to close at 6066.81points.

The market will continue its upsurge at a more moderate phase in the coming week, despite possible profit taking by investors on counters which have reported unprecedented growth in price in the recent week.

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