Sri Lanka stocks close 0.13-pct higher amid retail buying

ECONOMYNEXT – Sri Lanka stocks closed 0.13 percent higher on Wednesday, pushed up by Carson Cumberbatch and Bukit Darah, brokers said. 

Colombo’s All Share Price Index (ASPI) closed 7.43 points up at 5,521.83. The index gained to a high of 5,533.50 in the mid-afternoon before shedding points towards end of trading.

The S&P SL20 index of more liquid stocks closed 0.24 percent or 6.14 points down at 2,594.60.

The market turnover was 548 million rupees with 77 stocks gaining and 48 stocks declining.

Retail activity was centred on buying in Lanka IOC, Access Engineering, Serendib Engineering and Tokyo Cement Company, brokers said.

Crossings (negotiated trades) were seen on John Keells Holdings which accounted for 33 percent of daily turnover, brokers said.

Carson Cumberbatch PLC gained 9.30 rupees to 169.30 rupees a share, Bukit Darah PLC was 9.90 rupees up at 219.90 rupees a share and Softlogic Life Insurance PLC was 1.90 rupees up at 36.70 rupees a share, contributing to ASPI gain.  (COLOMBO, 10 July, 2019)