Sri Lanka stocks end 0.17-pct higher


ECONOMYNEXT – Sri Lanka stock closed 0.17 percent higher Thursday on buying interest in C T Holdings, Cargills and Commercial Leasing and Finance, amidst foreign buying in John Keells Holdings, brokers said.

Colombo’s benchmark All Share closed 9.34 points higher, up to 0.17 percent to 5,422.89 points, and the S&P SL20 of more liquid stocks fell 0.45 percent, down 11.82 points to 2,591.18.

Market turnover was 705.4 million, with 46 stocks gaining during the day compared to 56 declined.

C T Holdings (up 26.90 rupees to 160 rupees), Cargills (up 8.20 rupees to 197.50 rupees) and Commercial Leasing and Finance (up 0.10 rupees to 2.40) contributed to the benchmark gaining.

Net foreign buying was 286.5 million rupees, down from 1.3 billion rupees the previous day.

Foreign buying in John Keells Holdings was 269.7 million rupees, according to Asia Securities. The share ended unchanged at 140 rupees.

Three off-market negotiated trades, or crossings, totalled 221.8 million rupees, accounting for 31.4 percent of market turnover.

There were two crossings in Commercial bank for 198 million rupees and one in LB Finance for 23.7 million rupees.

Commercial Bank closed 10 cents lower at 92.90 rupees and LB Finance was unchanged at 118 rupees. (COLOMBO, 25 April 2019)






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