ECONOMYNEXT – Sri Lanka stocks closed 0.03 percent higher on Wednesday, with the market dominated by crossings or negotiated block trades, brokers said.
Colombo’s All Share Price index (ASPI) closed 1.99 points higher at 5,910.92.
The S&P SL20 index of more liquid stocks closed 0.28 percent or 8.24 points higher at 2,929.83.
The market turnover was 657 million rupees with 68 stocks gaining and 61 stocks declining.
Around 38 percent of the day’s turnover consisted of crossings.
Two crossings in Dialog Axiata (94.5 million rupees), two crossings in John Keells Holdings (50 million rupees), one crossing each in John Keells Hotels (46 million rupees), Teejay Lanka (38 million rupees) and Melstacorp (22 million rupees) were done for the day.
Retail activity for the day was very low and was mainly centered on Union Bank of Colombo and Access Engineering, brokers said.
John Keells Holdings closed 2.00 rupees up at 158.00 rupees a share contributing most to the rise of the ASPI.
Melstacorp closed 1.00 rupee up at 44.10 rupees a share and Ceylon Tobacco Company closed 4.70 rupees higher at 1,249.90 rupees a share, also pushing the ASPI up.
(COLOMBO, 28 Aug 2019)