Sri Lanka stocks close 0.22 pct higher on Nestle Lanka, LOLC Development Finance and Cargills

ECONOMYNEXT – Sri Lanka stocks closed 0.22 percent higher on Thursday’s closing on index heavy Nestle Lanka, LOLC Development Finance and Cargills Ceylon, Colombo Stock Exchange provisional data showed.

Colombo’s All Share Price Index gained 0.22 percent or 14.15 points to close at 6,359.99.

The S&P SL20 index of more liquid stocks gained 0.25 percent or 6.28 points to 2,518.83.

The main index started positive but fell to a daily low at 6,332.59 in the first hour in to trading but picked up in the last hour into trading and continued to increase to close high.

The market turnover was 3.4 billion rupees with 98 stocks gaining and 82 falling.

Nestle Lanka contributed most to ASPI’s gain, gaining 32.90 rupees a share to trade at 1,172.90 rupees a share.

LOLC Development Finance gained 5.50 rupees to trade at 44.10 rupees a share and Cargills Ceylon gained 4.80 rupees to trade at 195.00 rupees also contributing to the ASPI gain.

Hatton National bank gained 20 cents to trade at 119.80 rupees, Commercial Bank gained 10 cents to trade at 80.60 rupees a share, DFCC bank gained 140 cents a share to trade at 65.40 rupees a share while Sampath Bank fell 20 cents to trade at 130.00 rupees a share.

Melstacorp fell 30 cents to trade at 42.70 rupees a share, Browns Investment closed flat at 2.60 rupees a share and C T Holdings also closed flat at 162.00 rupees a share.

Sri Lanka Telecom fell 20 cents to trade at 32.60 rupees a share, Expolanka Holdings fell 20 cents to trade at 26.20 rupees a share while Ceylon Cold Stores gained 90 cents to trade at 660.00 rupees a share.





Ceylon Tobacco Company closed flat at 978.00 rupees a share, Bukit Darah plc fell 2.30 rupees to trade at 347.70 rupees a share and Softlogic Holdings fell 30 cents to trade at 11.10 rupees a share.

John Keells Holdings gained 70 cents to trade at 149.70 rupees a share, Distilleries Company also gained 10 cents to trade at 21.50 rupees a share while Hemas Holdings fell 1.00 rupees to trade at 85.60 rupees a share.

Hayleys PLC fell 3.60 rupees to trade at 383.40 rupees a share and Dialog Axiata closed flat at 12.10 rupees a share.

Aitken Spence Plc gained 1.10 rupees to trade at 55.00 rupees a share while Richard Pieris and Company fell 20 cents to trade at 14.50 rupees a share.

The Real Estate industry group index, which was the most active, gained 2.7 percent.
(Colombo/December 03/2020)

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