Sri Lanka stocks end 2-pct higher

ECONOMYNEXT – Sri Lanka stock market closed 2.21 percent higher on Wednesday continuing the surge pushed by index heavy Expolanka Holdings, Commercial Leasing and Finance and LOLC Holdings, Colombo Stock Exchange Provisional Data showed.

Colombo’s All share price index gained 2.21 percent or 160.99 points to close at 7,443.23.

The S&P SL20 index of more liquid stocks gained 1.62 percent or 44.47 points to close at 2,786.88.

The market turnover was 9.06 billion rupees with 124 stocks gaining and 88 falling.

Expolanka Holdings contributed most to the ASPI gain, closing 5.70 rupees up at 47.00 rupees a share.

Commercial Leasing and Finance gained 1.40 rupees a share to close at 7.00 rupees and LOLC Holdings closed 15.75 rupees up at 181.50 rupees a share.

In the banking sector Hatton National Bank fell 1.25 rupees to close at 126.75 rupees, Sampath Bank closed 1.75 rupees down at 138.25 rupees a share and DFCC Bank fell 40 cents to close at 63.30 rupees while Commercial Bank of Ceylon closed flat at 82.00 rupees.

In the hotel sector Eden Hotel Lanka closed 10 cents down at 10.90 rupees a share, Aitken Spence Hotel Holdings closed flat at 34.00 rupees, John Keells Hotels closed flat at 10.70 rupees a share and Sigiriya Village hotel closed 1.80 rupees down at 34.00.

Distilleries Company closed 50 cents up at 22.90 rupees and Melstacorp Plc closed 2.20 rupees up at 56.80 rupees a share while Sri Lanka telecom closed 30 cents up at 38.50 rupees a share.

John Keells Holdings closed 3.00 rupees up at 153.50 rupees while Browns Investments closed 10 cents down at 7.40 rupees a share.

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Ceylon Tobacco Company gained 1.50 rupees to close at 1,120.25 rupees while Ceylon Cold Company closed 2.50 rupees up at 699.75 rupees a share.

Hayles Plc closed 17.75 rupees up at 470.25 rupees and Softlogic Holdings closed 40 cents up at 13.40 rupees.

Tokyo Cement Company fell 50 cents to close at 79.00 rupees while Piramal Glass Ceylon closed 90 cents up at 10.60 rupees a share.

Nestle Lanka gained 32.75 rupees to close at 1,332.75 rupees a share and Dialog Axiata closed flat at 12.70 rupees.

Aitken Spence Plc closed 10 cents up at 58.00 rupees and Carson Cumberbatch closed 11.75 rupees up at 317.25 rupees.

Dipped products gained 15.75 rupees to close at 381.50 rupees a share while Haycarb gained 10.00 rupees to close at 685.00 rupees.

Lanka Ceramic closed 7.50 rupees up at 155.75 rupees a share while Royal Ceramic Lanka gained 1.25 rupees to close at 197.50 rupees a share.

The Materials industry was the most active, gained 3.6 percent. (Colombo/January 13/2021)

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