Sri Lanka stocks end 0.19-pct higher, buying in Melstacorp, Asiri Hospitals

ECONOMYNEXT – Sri Lanka’s stocks closed 0.19 percent higher on buying interest in Melstacorp, Asiri Hospital and Dialog Axiata, brokers said.

Colombo’s All Share Price Index (ASPI) closed 10.12 points higher at 5,305.80 and the S&P SL20 of more liquid stocks closed 0.25 percent or 6.22 points down at 2,466.88.

Market turnover was 83.4 million rupees with 56 stocks gaining and 52 declining.

There was low foreign participation in the market, with net foreign outflows of 8.4 million rupees.

Melstacorp PLC closed 1.30 rupees up at 39.80 rupees, Asiri Hospital Holdings up 1.30 rupees to 20.80 rupees and Dialog Axiata up 0.10 cents to 9.30 rupees, contributing to the ASPI gain.

Chevron Lubricants was the most active stock, closing flat at 55 rupees a share.

Net foreign selling was 8.4 million rupees, down from previous day’s 30 million rupees.

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Foreign buying in DFCC Bank was 3.9 million rupees and foreign selling in Chevron Lubricants Lanka was 12.5 million rupees, according to Asia Securities. (COLOMBO, 23 May 2019)