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Sri Lanka stocks close 1-pct higher

ECONOMYNEXT- Sri Lanka’s stocks close 0.93 per cent higher on Wednesday, on Index heavy Distilleries Company, Melstacorp and Aitken Spence pushing up the market, provisional data showed.

The All Share Price Index (ASPI) at the Colombo stock exchange closed 51.71 points up at 5,585.40.

The main index stated low at 5,509.69 at the beginning of trading for the day but continued to increase throughout the day.

The more liquid S&P SL20 Index closed 1.01 per cent or 24.15 points up at 2,413.48.

The market turnover was 3.5 billion rupees, while 131 stocks gained and 50 fell.

Index-heavy Distilleries company contributed most to the ASPI gain, closing 01.40 rupees up at 18.90 rupees a share.

Melstacorp PLC closed 2.80 rupees up at 34.00 rupees a share and Aitken Spence closed 3.40 rupees up at 38.90 rupees a share.

An 81.8 million rupee crossing (negotiated trade) was seen in Ceylon Cold Stores PLC at 650.00 rupees a share and the stock closed 14.60 rupees higher at 664.60 rupees a share.

A 56.3 million rupees crossing was seen in John Keells Holdings at 136.00 rupees a share and the stock closed flat at 136.00 rupees a share.

Another 23.4 million rupees crossing was seen in Melstacorp PLC at 34.00 rupees a share and the stock closed at 34.00 rupees a share.

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Two crossings amounted to 319.08 million rupees was seen in Hatton National Bank at 123.00 rupees a share and the stock closed at 122.60 rupees a share.

Net foreign buying in the market was 336.03 million rupees.

The food, beverages and tobacco industry index, which was the most active, grew 1.8 per cent.

The Capital Goods industry index, which was also active, grew 0.05 per cent. (Colombo/Sep 16/2020)

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