Sri Lanka stocks close higher on John Keells Holdings

ECONOMYNEXT– Sri Lanka’s stocks closed 0.44 percent higher on Tuesday, with buying in index heavy John Keells Holdings (JKH) provisional data showed.   Colombo’s All Share Price Index (ASPI) closed 25.84 points higher at 5,907.56.   The index underwent a continuous upward momentum throughout the day while reaching a day’s high of 5,911.30 nearing the market close.  

The S&P SL20 Index of more liquid stocks closed 1.19 percent or 34.44 points higher at 2,926.16.   The market turnover was 550 million rupees with 77 stocks gaining and 46 stocks declining.  

Diversified holdings company JKH closed 2.60 rupees up at 156.00 rupees a share contributing most to the ASPI gain.   State-owned Sri Lanka Telecom closed 70 cents up at 29.60 rupees a share.  

Sampath Bank closed 3.10 rupees higher at 170.00 rupees a share, also pushing the ASPI up.   The banking index closed 0.59 percent higher while diversified holdings index closed 0.92 percent higher. (COLOMBO, 27 Aug, 2019)

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