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Sri Lanka stocks end 1.66-pct higher crossing 6,000 benchmark

ECONOMYNEXT – Sri Lanka stocks closed 1.66 per cent higher on Thursday reaching the 6,000 psychology benchmark, Colombo Stock Exchange data showed.

Colombo Stock Exchange has been rallying throughout the week on positive investor sentiments despite the coronavirus lockdown in the Western Province.

The country also reported a positive export performance for October, reporting 924 million dollars worth of exports. Officials also said that there will be no more lockdown in the country however strict health safety measures will be imposed.

All Share Price Index, gained 98.20 points to reach 6,004.11 psychological benchmarks.

S&P SL20 Index of most liquid stocks too gained 1.28 per cent or 29.57 points to 2,347.40.

Market turnover hit 4.2 billion rupees with 124 stocks gaining and 66 stocks making losses.

Net foreign sales in the market amounted to 309 million rupees.

Crossings were seen in COMMERCIAL BANK, HEMAS HOLDINGS, VALLIBEL ONE and HAYLEYS counters amounting to 249.9 million rupees.

LOLC Holdings contributed most to ASPI’s gain, trading 8.80 rupees up at 135.00 rupees a share.

Other stocks which contributed to the gain were Dipped Products PLC a subsidiary of Hayleys group climbed 62.00 rupees to trade at 390.50 rupees a share while Dialog Axiata too gained 40 cents to trade at 11.30 rupees a share.

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However, stocks that made losses were Bukit Darah, falling 9.70 rupees to 372.80 rupees a share. CT Holdings recorded a dropped of 3.30 rupees to trade at 160.10 rupees a share while Commercial Leasing and Finance fell 10 cents to trade at 4.30 rupees a share.
(Colombo/Nov05/2020)

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