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Sri Lanka stocks end 0.09-pct higher

ECONOMYNEXT – Sri Lanka stocks gained 0.09 per cent on Wednesday with the ASPI pushed up by the index heavy Lion Brewery, Hayleys Plc and HNB Finance, a broker said.

The Colombo benchmark All Share Price Index gained 6.16 points to close at 7,121.28.

The S&P SL20 index of more liquid stocks fell 1.09 percent or 31.55 points to close at 2,850.12.

Turnover was 777.8 million rupees with 96 stocks gaining and 71 falling.

The WindForce Limited has announced the largest Initial Public offering in CSE after 2011, attracting applications amounting to 25.7 billion rupees.

A statement issued by the CSE said, the IPO announcement has demonstrated a strong appetite among investors in the market.

“The company’s IPO for 202,615,341 shares at an issue price of Rs.16.00 per share was oversubscribed by 8 times on the initial day” the statement said.

A negotiated trading of 27 million rupees was seen in Lion Brewery at 540.00 rupees a share and the stock gained 28.75 rupees to close at 569.00 contributing most for the ASPI gain.

Ceylon Tobacco Company closed 16.50 rupees down at 979.75 rupees while Ceylon Cold stores closed 15.50 up at 621.75 rupees and Piramal Glass Ceylon closed 10 cents up at 11.10 rupees.

LOLC Holdings fell 50 cents to close at 292.00 rupees.

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LOLC Finance closed 20 cents down at 5.60 rupees while Browns Investment closed 10 cents up at 5.50 and Browns and Company gained 1.75 rupees to close at 155.25 rupees.

A negotiated trading of 36.9 million rupees was seen in Expolanka holdings at 45.00 rupees and the stock fell 10 cents to close at 44.70 rupees and Melstacorp Holdings closed 50 cents up at 44.00 rupees a share.

Vallibel One fell 80 cents to close at 47.10 rupees and John Keells Holdings closed 1.50 rupees down at 148.50 rupees.

Hayleys Plc closed 2.10 rupees up at 60.80 rupees with key subsidiaries Dipped Products gaining 10 cents to close at 46.40 rupees and Haycarb Plc falling 1.30 rupees to close at 93.00 rupees.

The Kingsbury closed 10 cents up at 6.00 rupees and Singer Sri Lanka closed 20 cents up at 17.40 rupees.

Commercial Bank of Ceylon closed 2.69 down at 85.50 rupees, Hatton National Bank closed 1.23 rupees down at 126.00 rupees and HNB Finance closed 1.10 rupees up at 8.90.

DFCC Bank closed 5 cents up at 59.60 rupees, and Nations Trust Bank closed 1.30 rupees up at 55.30 rupees.

Seylan Bank closed 43 cents up at 49.00 rupees and Pan Asia Banking Corporation closed 20 cents down at 14.00 rupees.

Housing Development Finance closed 3.20 rupees down at 33.40 rupees while Central Finance Company closed 1.30 rupees down at 80.70 rupees.

Royal Ceramic Lanka closed 50 cents down at 257.00 rupees.

Buki Darah close 15.25 rupees up at 329.75 rupees, Hemas Holdings closed 80 cents up at 83.40 rupees, Ceylon Grain Elevators closed 1.50 rupees up at 118.00 rupees while Distilleries Company closed flat at 19.90 rupees.

In the hotel sector Eden Hotel Lanka closed 10 cents up at 10.40 rupees, while Aitken Spence Hotel holdings closed 80 cents down at 30.20 rupees and John Keels Hotels closed 30 cents down at 9.50.

Carson Cumberbatch closed 3.75 up at 278.50 rupees and Access Engineering closed 20 cents up at 22.10 rupees.

Nestle Lanka closed 2.50 rupees down at 1,146.50 rupees and Aitken Spence Plc closed 70 cents down at 55.50 rupees.

Sri Lanka Telecom closed 30 cents down at 32.70 rupees, Dialog Axiata closed flat at 13.00 rupees and Richard Pieris and Company closed flat at 16.80 rupees.

The market recorded a net foreign sales amounted to 36.8 million rupees today.

The Materials Industry was the most active, fell 0.2 percent today. (Colombo/March 31/2021)

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