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Sri Lanka stocks end 0.75-pct higher

ECONOMYNEXT – Sri Lanka stocks recouped the losses made in the last four days to end the week gaining 0.75 per cent pushed up by Carson Cumberbatch, LOLC, and Expolanka, brokers said.

Turnover was two billion rupees with 107 stocks gaining and 54 falling.

The Colombo benchmark All Share Price Index gained 52.45 points to close at 7,054.49.

The market reached an intra-day low of 6,946.63 during the first hour into trading but picked up and remained volatile throughout the day before rising continuously before close.

The S&P SL20 index of more liquid stocks gained 0.82 per cent or 22.69 points to close at 2,791.57.

Foreigners bought 88 million rupees of stocks and sold 361 million on Thursday.

So far in 2021 foreign investors has sold 14.29 billion rupees of stocks.

LOLC Holdings gained 6.25 rupees or 2.08 per cent to close at 306.75 rupees

LOLC Finance, up 20 cents to close at 6.10 rupees, Browns and Company up 7.50 rupees to close at 151.75 rupees and Browns Investment closed flat at 5.20 rupees.

Vallibel One up 1.00 rupees to close at 47.60 rupees.

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John Keells Holdings up 50 cents to close at 148.75 rupees.

Hayleys Plc closed 2.00 rupees up at 54.50 rupees with key subsidiaries Dipped Products gaining 3.10 rupees to close at 43.30 rupees and Haycarb Plc up 4.70 rupees to close at 90.80 rupees.

The Kingsbury Plc did not record any transactions.

Singer Industries Ceylon did not record any transactions.

Distilleries Company gained 30 cents to close at 19.90 rupees, Ceylon Grain Elevators up 2.00 rupees to close at 114.75 rupees and Hemas Holdings closed 80 cents up at 79.20 rupees.

Commercial Bank of Ceylon closed 40 cents up at 84.90 rupees while Hatton National Bank closed 75 cents down at 126.25 rupees.

DFCC Bank closed 80 cents up at 60.10 rupees, Sampath bank closed 25 cents down at 150.25 rupees and the Nations trust bank closed 70 cents up at 57.30 rupees.

Seylan Bank closed 50 cents up at 50.00 rupees, Pan Asia Banking Corporation up 30 cents to close at 16.00 rupees while Housing Development Finance gained 60 cents to close at 34.20 rupees.

Central Finance Company up 50 cents to close at 84.80 rupees, Alliance Finance Company up 80 cents to close at 49.90 rupees and Citizens Development Business Finance closed 2.00 rupees down at 102.25 rupees.

Expolanka up 1.20 rupees to close at 44.30 rupees while Melstacorp Holdings closed 1.60 rupees up at 45.20 rupees a share.

Royal Ceramic Lanka closed 3.00 rupees down at 232.00 rupees, Lanka tiles up 2.25 rupees to close at 176.50 rupees and Lanka Wall tiles closed 2.50 rupees up at 179.75 rupees.

Ceylon Tobacco Company stocks up 3.50 rupees at 1,003.25 rupees, Piramal Glass Ceylon closed 30 cents up at 9.80 rupees and Ceylon Cold stores closed 25.25 rupees down at 610.00 rupees.

In the hotel sector, Eden Hotel Lanka closed flat at 10.50 rupees, Sigiriya Village hotel flat at 32.90 rupees, John Keels Hotels closed flat at 10.00 while Aitken Spence Hotel holdings gained 70 cents to close at 29.70 rupees.

Carson Cumberbatch contributed most to ASPI’s gain closing 18.25 rupees up at 284.50 rupees and Access Engineering up 50 cents to close at 22.60 rupees.

Nestle Lanka closed 12.75 rupees up at 1,186.00 rupees while Aitken Spence Plc closed 1.20 rupees up at 58.90 rupees.

Sri Lanka Telecom closed 90 cents down at 33.00 rupees, Richard Pieris and Company closed 70 cents up at 16.50 rupees and Dialog Axiata closed flat at 12.70 rupees.

The capital Goods sector led the turnover for the session closely followed by the Materials sector making a joint contribution of 45 per cent today. (Colombo/March 04/2021)

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