News of a USD 2.5 billion standby facility from the IMF and speculation on Hotel Developers (owners of the Colombo Hilton) and Lanka Cement yesterday sent both indices and turnover on the Colombo bourse up sharply with turnover topping a billion rupees while the All Share Price Index gained 50.65 points (2.09%) and the Milanka was up 48.33 points (1.79%).