Sri Lanka stocks close 0.3-pct with interest in LOLC units
ECONOMYNEXT – Sri Lanka stocks closed a 0.36 percent higher on Wednesday’s helped by Browns Investments, Ceylon Tobacco Company and Brown and Company, Colombo Stock Exchange provisional data showed.
Colombo’s All Share Price Index gained 0.32percent or23.78points to close at 6,655.67.
The S&P SL20 index of more liquid stocks fell0.21 percent or 5.38 points to close at 2,602.49.
The market turnover was 3.4 billion rupees with 73 stocks gaining and 114 falling.
Browns Investments, contributed most to ASPI’s gain, gaining 40 cents a share to close at 4.10 rupees a share, after its takeover of Serendib Hotels.
Its parent LOLC Holdings also close up 2.10 rupees at 140.30 rupees. Brown and Company gained 11.50 rupees to close at 102.50 rupees also contributing to the ASPI gain.
Hemas Holdings which sold Serendib Hotels for 792 million rupees gained 1.90 rupees to close at 97.20 rupees a share.
Eden Hotel Lanka gained 1.30 rupees to close at 12.10 while Hotel Sigiriya fell 2.00 rupees to close at 70 rupees a share.
Hatton National Bank fell 70 cents to close at 125.90 rupees, Commercial Bank closed flat at 81.00 rupees and DFCC bank closed flat at 65.00 rupees while Sampath bank fell 40 cents to close at 134.10.
Expolanka Holdings fell 30 cents to 25.10 rupees while Sri Lanka Telecom gained 30 cents to close at 34.00 rupees.
C T Holdings closed 5.00 rupees down at 169.80 rupees while Asiri Hospital Holdings gained 80 cents to close at 30.30 rupees and Ceylon Cold Stores gained 8.50 rupees to close at 668.50 rupees a share.
Melstacorp Plc gained 1.30 rupees to close at50.20 rupees a share and Softlogic Holdings gained 20 cents to close at 12.70 rupees a share.
Nestle Lanka gained 10.70 rupees to close at1,210.70 rupees a share and Cargills Ceylon gained 30 cents to close at198.10 rupees a share while Distilleries Company closed flat at 21.00 rupees a share.
Ceylon Tobacco Company gained 16.40 rupees to close at 1,028.40 rupees.
The Food Beverage and Tobacco industry was the most active, gaining 1.41percent.
Hayleys Plc fell 1.50 rupees to close at 390.00 rupees a share and Dialog Axiata fell 10 cents to close at 12.40 rupees.
Aitken Spence Plc gained 50 cents to close at 60.10 rupees while Richard Pieris and Company fell 10 cents to close at 15.00 rupees. (Colombo/December 16/2020)