Sri Lanka stocks close 0.38-pct higher

ECONOMYNEXT – Sri Lanka stocks closed 0.38 percent higher on Wednesday.

Colombo’s All Share Price index (ASPI) closed 20.34 points higher at 5,411.55.

The S&P SL20 index of more liquid stocks closed 0.89 percent or 22.53 points up at 2,547.28.

The Hotels and Travel sector index rose 16 basis points after tourist arrivals indicated the hospitality industry was recovering faster than expected.

Sri Lanka Tourism Promotion Board chairman Kishu Gomes said arrivals had picked up to 2000 per day in early June and had recovered further towards the end of the month.

Travel publisher Lonely Planet is still listing Sri Lanka as the top destination for 2019, after the Easter Sunday attacks.

The market turnover  was 644 million rupees with 74 stocks gaining and 38 stocks declining.

Three crossing were done in the three stocks; HNB (179 million rupees), Dialog Axiata (136 million rupees) and Commercial Bank (26 million rupees).

Retail activity is back to normal after a two-week downturn, brokers said.

It was mainly centered on Dankotuwa Porcelain (230 trades) and First Capital Holdings (178 trades).





Distilleries Company of Sri Lanka closed 60 cents up at 15.90 rupees a share contributing most to the ASPI rise.

John Keells Holdings closed 2 rupees up at 143.50 rupees a share and Asian Hotels & Properties closed 4.60 rupee up at 41.00 rupees a share, also pushing the ASPI up. 

(COLOMBO, 03 July, 2019)

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