Sri Lanka stocks end higher

ECONOMYNEXT – Sri Lanka stocks closed 0.57 per cent higher on Monday pushed by index heavy counters Expolanka Holdings, Singer Sri Lanka Plc and Richard Pieris and Company, Colombo Stock Exchange provisional data showed.

Colombo’s All Share Price Index gained 0.57 percent or 34.41 points to close at 6,114.50.

The S&P SL20 index of more liquid stocks gained 0.54 percent or 12.89 points to 2,383.19.

The market turnover was 5.5 billion rupees with 89 stocks gaining and 108 falling.

Expolanka Holdings contributed most to ASPI’s gain, closing 3.50 rupees up a share to trade at 28.20 rupees.

Singer Sri Lanka gained 11.20 rupees to trade at 60.20 rupees a share and Richard Pieris and Company, gained 1.10 rupees to trade at 16.10 rupees a share also contributing to the ASPI gain.

Hatton National bank fell 70 cents to trade at 114.40 rupees, Commercial Bank of Ceylon closed at 75.10 rupees a share while Sampath Bank gained 80 cents to trade at 124.90 rupees a share.

Melstacorp Plc fell 20 cents to close at 33.90 rupees a share while Softlogic Holdings gained 30 cents to trade at 10.90 rupees a share.

Hayleys Plc gained 11.80 rupees to trade at 439.50 rupees a share while Hemas Holdings fell 50 cents to trade at 73.50 rupees a share.

Ceylon Cold stores fell 1.30 rupees to close at 658.70 rupees a share, Ceylon Tobacco Company gained 3.50 rupees to close at 965.00 rupees a share while Nestle Lanka fell 11.70 rupees to close at 1,101.10 rupees a share.

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An 80.6 million rupees negotiated trading (crossing) was seen in John Keels Holdings at 132.50 rupees a share.

The transportation Industry index, which was the most active, gained 14.5 percent.

The Capital goods industry index which was also active gained 1.65 percent. (Colombo/November 09/2020)

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