Sri Lanka stocks end 0.09-pct higher, buying in CTC, SLT

ECONOMYNEXT – Sri Lanka’s stocks closed 0.09 percent higher, with buying in Ceylon Tobacco Company and Sri Lanka Telecom, provisional data showed.

Colombo’s All Share Price Index closed 4.71 points up at 5,324.54. The ASPI reached a daily high of 5,327.79 before falling to a low of 5,313.36 and recovered in the final hour of trading. The S&P SL20 Index of more liquid stocks closed 0.05 percent or 1.30 points down at 2,478.09.

Market turnover was 223 million rupees with 70 stocks gaining and 42 stocks falling.

There was high foreign participation, with net foreign buying of 42.4 million rupees.

Ceylon Tobacco Company was up 5.00 rupees to 1,300 rupees a share, Sri Lanka Telecom PLC gained 0.30 cents to 23.80 rupees a share and Browns Investment PLC was 0.10 cents up at 1.70 rupees, contributing to ASPI gain.

Three Acre Farms was the most active stock, through a 55 million rupee negotiated trade at 89.60 rupees a share, and closed 40 cents up at 89 rupees a share.

John Keells Holdings closed 90 cents lower at 138 rupees a share. (COLOMBO, 30 May 2019)

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