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Sri Lanka stocks close higher

ECONOMYNEXT- Sri Lanka’s stocks closed 0.68 per cent higher on Thursday, pushed by Ceylinco Insurance PLC, Bukit Darah PLC and Distilleries Company, provisional data showed.

The All Share Price Index (ASPI) at the Colombo stock exchange closed 39.10 points up at 5,811.20.

The main index started low at 5,783.84 in the opening of trading but continued to increase throughout the day on volatile trading.

The more liquid S&P SL20 Index closed 0.16 per cent or 4.09 points down at 2,481.92.

The market turnover was 430.6 million rupees, while 121 stocks gained and 68 fell.

Index-heavy Ceylinco Insurance PLC contributed most to the ASPI gain, closing 185.80 rupees up at 1,850.00 rupees a share.

Bukit Darah PLC closed 30.20 rupees up at 250.20 rupees a share and Distilleries Company closed 50 cents up at 19.00 rupees a share.

A 203 million rupee crossing (negotiated trade) was seen in Commercial Bank of Ceylon at 81.00 rupees a share and the stock closed at 80.70 rupees a share.

A 21.6 million rupee was seen in Hatton National Bank at 127.50 rupees a share and the stock closed at 127.90 rupees a share.

A 27.4 million rupees crossing was seen in John Keells Holdings at 137.00 rupees and the stock closed at 136.10 rupees a share.

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Another crossing of 35.9 million rupees was seen in Ceylon Cold stores at 671.00 rupees a share and the stock closed at 671.00 rupees a share.

A 42.6 million rupees crossing was seen in Industrial Asphalts (Ceylon) at 30 cents a share and the stock closed flat at 30 cents a share.

The Bank industry index, which was the most active, grew 0.16 per cent.

The Food, Beverage and Tobacco index, which was also active, grew 1.42 per cent.

(Colombo/September 24/2020)

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