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Sri Lanka stocks close higher on Distilleries

ECONOMYNEXT- Sri Lanka’s stocks closed 0.73 per cent higher on Friday, with Distilleries Company, Singer Sri Lanka and Melstacorp pushing up the market, provisional data showed.

The All Share Price Index (ASPI) at the Colombo stock exchange closed 36.37 points up at 5,438.91.

The main index closed at a high, after reaching a low of 5,411.48 at the beginning of trading and experiencing volatility throughout the day.

The more liquid S&P SL20 Index closed 0.70 per cent or 16.39 points up at 2,359.24.

The market turnover was 1.6 billion rupees, while 128 stocks gained and 56 fell.

Index-heavy Distilleries Company contributed most to the ASPI gain, closing 50 cents up at 16.30 rupees a share.

Singer Sri Lanka closed 3.90 rupees up at 43.10 rupees a share and Melstacorp PLC closed 60 cents up at 29.50 rupees a share.

Net foreign buying was 191 million rupees.

A 75.9 million rupee crossing (negotiated trade) was seen in Access Engineering PLC at 23.00 rupees a share and the stock closed at 23.30 rupees a share.

A 45 million rupees crossing was seen in Lanka Milk Foods at 90.00 rupees a share and the stock closed 2.20 rupees up at 92.20 rupees a share.

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A 24.6 million rupees crossing was seen in Sampath Bank at 123.00 rupees a share and the stock closed at 124.00 rupees a share.

Another 40.8 million rupees crossing was seen in John Keells Holdings at 136 rupees a share and the stock closed at 135.90 rupees a share. (Colombo/Sep 11/2020)

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