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Sri Lanka stocks close 1-pct higher

ECONOMYNEXT- Sri Lanka’s stocks closed 0.98 per cent higher on Tuesday, pushed Index heavy Distilleries Company, Richard Pieris and Expolanka holdings pushing up the market, provisional data showed.

The All Share Price Index (ASPI) at the Colombo stock exchange closed 53.37 points up at 5,544.37.

The main index stated low at 5,507.66 but continued to increase throughout the day on volatile trade.

The more liquid S&P SL20 Index closed 0.55 per cent or 13.05 points up at 2,395.82.

The market turnover was 3.2 billion rupees, while 98 stocks gained and 79 fell.

Index-heavy Distilleries company contributed most to the ASPI gain, closing 01.00 rupees up at 17.50 rupees a share.

Richard Pieris closed 1.90 rupees up at 13.90 rupees a share and Expolanka Holdings closed 1.70 rupees up at 09.30 rupees a share.

An 830.6 million rupee crossing (negotiated trade) was seen in John Keells Holdings at 135 rupees a share and the stock closed at 136.80 rupees a share.

A 27.6 million rupees crossing was seen in Commercial Bank Ceylon at 79.00 rupees a share and the stock closed at 78.60 rupees a share.

Another 37.7 million rupees crossing was seen in Sampath bank at 126.00 rupees a share and the stock closed flat at 126.00 rupees a share.

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The Capital Goods industry index, which was the most active, grew 2.5 per cent.

The food, beverages and tobacco industry index, which was also active, grew 0.62 per cent. (Colombo/Sep 15/2020)