Sri Lanka stocks end 1.02 pct higher on Melstacorp, Com bank and Carson Cumberbatch
ECONOMYNEXT – Sri Lanka stocks closed 1.02 percent higher on Monday’s closing on index heavy Melstacorp Plc, Commercial Bank of Ceylon and Carson Cumberbatch, Colombo Stock Exchange provisional data showed.
Colombo’s All Share Price Index gained 1.02 percent or 62.90 points to close at 6,243.76.
The S&P SL20 index of more liquid stocks gained 1.80 percent or 43.75 points to 2,477.38.
The main index started positive but fell to a daily low at 6,192.55 in the first hour in to trading but picked up and continued to increase throughout the day on volatile trading to close high.
The market turnover was 2.4 billion rupees with 119 stocks gaining and 69 falling.
Melstacorp Plc contributed most to ASPI’s gain, gaining 2.70 rupees a share to trade at 42.30 rupees a share.
Commercial bank of Ceylon gained 2.30 rupees to trade at 78.80 rupees a share and Carson Cumberbatch gained 11.80 rupees to trade at 266.80 rupees also contributing to the ASPI gain.
Hatton National bank gained 60 cents to trade at 115.10 rupees, DFCC bank gained 1.30 rupees a share to trade at 64.40 rupees a share and Sampath Bank gained 70 cents to trade at 125.70 rupees a share.
LOLC Holdings fell 1.40 rupees to trade at 131.60 rupees a share, Browns Investment closed flat at 2.50 rupees a share while C T Holdings gained 1.60 rupees to trade at 160.00 rupees a share.
Sri Lanka Telecom fell 10 cents to trade at 32.50 rupees a share, Ceylon Cold Stores fell 70 cents to trade at 649.30 rupees a share while Expolanka Holdings gained 1.00 rupees to trade at 27.10 rupees a share.
Ceylon Tobacco Company gained 8.00 rupees to trade at 953.50 rupees a share, Bukit Darah plc fell 90 cents to trade at 345.50 rupees a share and Softlogic Holdings gained 10 cents to trade at 10.40 rupees a share.
John Keells Holdings gained 20 cents to trade at 148.20 rupees a share while Hemas Holdings gained 3.30 rupees to trade at 88.70 rupees a share and Distilleries Company also gained 40 cents to trade at 21.50 rupees a share.
Hayleys PLC fell 30 cents to trade at 385.00 rupees a share, Cargills Ceylon closed flat at 194.80 rupees a share and Dialog Axiata fell 10 cents to trade at 11.90 rupees a share.
Aitken Spence Plc gained 50 cents to trade at 48.10 rupees a share while Richard Pieris and Company fell 20 cents to trade at 14.50 rupees a share.
The Materials Industry index, which was the most active, gained 0.6 percent.