Sri Lanka stocks close 0.4-pct up

ECONOMYNEXT – Sri Lanka stocks closed 0.40 percent higher on Friday on thin trading volumes amidst buying-interest in John Keells Holdings and Commercial Bank, brokers said.

Colombo’s All Share closed 21.34 points higher at 5,298.18 and the S&P SL20 of more liquid stocks was up 0.73 percent or 17.78 points to 2,459.92.

Market turnover was 170 million rupees with 53 stocks gaining and 43 declining.

John Keells Holdings gained 2.40 rupees to 138.60 rupees, Commercial Bank was up 1.50 rupees at 91.50 rupees and Sri Lanka Telecom ended 70 cents higher at 23.30 rupees, contributing to the benchmark ASPI gain.

Net foreign buying was 54 million rupees, compared to selling of 11 million rupees the previous day.

Net foreign buying in Ceylinco Insurance non-voting shares was 40 million rupees via an off-market negotiated trade, or crossing, according to First Capital Research.

Ceylinco Insurance non-voting shares ended unchanged at 800 rupees. (COLOMBO, 7 June 2019)

 

 

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