Sri Lanka stocks end 1.64-pct higher recouping some of the losses made last week
ECONOMYNEXT – Sri Lanka stocks gained 1.64 percent, recovering some of the losses from last week on index heavy LOLC Holdings, Ceylon Tobacco Company and Expolanka holdings pushing the ASPI up, brokers said.
Turnover was 757 million rupees with 125 stocks gaining and 40 falling.
The Colombo benchmark All Share Price Index gained 112.39 points to close at 6,966.71.
The market continued to gain throughout the day and reached an intraday high at 6,970.01 during the last hour into trading.
The S&P SL20 index of more liquid stocks gained 1.04 percent or 28.67 points to close at 2,786.12.
LOLC Holdings gained 11.25 rupees to close at 287.00 rupees contributing most for the ASPI gain.
LOLC Finance, closed 10 cents up at 5.80 rupees, Browns and Company gained 7.50 rupees to close at 146.75 rupees and Browns Investment closed 20 cents up at 4.80 rupees.
Ceylon Tobacco Company closed 17.25 rupees up at 992.75 rupees, Ceylon Cold stores closed 1.75 rupees up at 613.25 rupees and Piramal Glass Ceylon closed 10 cents up at 9.60 rupees.
Expolanka gained 1.60 rupees to close at 43.30 rupees and Melstacorp Holdings closed 40 cents up at 43.40 rupees a share.
Dhammika Perera’s Vallibel One gained 1.90 rupees to close at 46.00 rupees and John Keells Holdings gained 2.25 rupees to close at 150.00 rupees.
Hayleys Plc closed 1.60 rupees up at 54.50 rupees with key subsidiaries Dipped Products gaining 1.80 rupees to close at 44.10 rupees and Haycarb Plc gaining 4.10 rupees to close at 92.10 rupees.
The Kingsbury gained 10 cents to close at 5.60 rupees and Singer Sri Lanka closed 1.10 rupees up at 17.10 rupees.
Commercial Bank of Ceylon closed 10 cents down at 86.40 rupees and Hatton National Bank closed flat at 127.75 rupees.
DFCC Bank closed 30 cents up at 58.00 rupees, and Nations Trust Bank gained 70 cents to close at 53.80 rupees.
Seylan Bank closed 90 cents up at 50.00 rupees and Pan Asia Banking Corporation closed 10 cents down at 14.80 rupees.
Central Finance Company closed 80 cents up at 81.80 rupees while Housing Development Finance gained 1.10 rupees to close at 33.30 rupees.
Royal Ceramic Lanka closed 8.25 rupees up at 237.25 rupees, Lanka tiles gained 8.75 rupees to close at 175.75 rupees, Lanka Walltiles closed 4.00 rupees up at 174.00 rupees.
Cargills Ceylon closed flat at 235.00 rupees, Hemas Holdings closed 50 cents up at 78.40 rupees and Ceylon Grain Elevators gain 4.75 rupees to close at 111.00 rupees and Distilleries Company gained 10 cents to close at 19.90 rupees.
In the hotel sector Eden Hotel Lanka closed 30 cents up at 10.00 rupees, John Keels Hotels closed 30 cents up at 9.70 and Aitken Spence Hotel holdings closed flat at 28.10 rupees.
Carson Cumberbatch closed flat at 273.00 rupees and Access Engineering gain 50 cents to close at 21.90 rupees.
Nestle Lanka closed 8.50 rupees up at 1,149.75 rupees and Aitken Spence Plc closed 3.00 rupees up at 53.00 rupees.
Sri Lanka Telecom closed 50 cents up at 32.50 rupees while Richard Pieris and Company closed 10 cents up at 15.80 rupees while Dialog Axiata closed 10 cents down at 12.90 rupees.
The transportation industry was the most active today. (Colombo/March 22/2021)