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Sri Lanka stocks end 1.50-pct higher

Colombo Stock Exchange board

ECONOMYNEXT – Sri Lanka stocks gained 1.50 per cent on Wednesday pushed by fundamental counters, Colombo Stock Exchange data showed.

Colombo’s main, All Share Price Index gained 87.16 per cent to close at 5,890.13.

S&P SL20 index of most liquid stocks gained 2.44 per cent or 56.19 points to end at 2,360.00.

Market analysts said that the market gained over the last week on small-cap selling but today interest moved gradually towards fundamental counters such as John Keells which contributed to market gain while foreign investors stayed quiet.

The market turnover was 5.5 billion rupees with 121 stocks gaining and 71 making losses.

Hayleys PLC contributed most to ASPI’s gain trading 48.00 rupees up at 319.50 rupees a share.

Other stocks which contributed to ASPI’s gain were Commercial Bank of Ceylon gaining 3.10 rupees to trade at 77.60 rupees a share, Carson Cumberbatch gained 15.80 rupees to trade at 289.90 rupees share while John Keells Holdings stocks climbed 2.30 rupees to trade at 131.90 rupees a share.

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