Sri Lanka stocks end higher

ECONOMYNEXT – Sri Lanka stocks gained 0.89 percent at Wednesday’s closing on index heavy John Keells Holdings, Melstacorp Plc and Commercial Leasing and finance, Colombo Stock Exchange provisional data showed.

Colombo’s All Share Price Index gained 0.89 percent or 54.13 points to close at 6,141.79.

The S&P SL20 index of more liquid stocks gained 0.68 percent or 16.20 points to 2,416.18.

The main index started positive but fell to a daily low at 6096.88 but picked up and continued to increase throughout the day on volatile trading to close marginally high.

The market turnover was 2.4 billion rupees with 102 stocks gaining and 68 falling.

John Keells Holdings contributed most to ASPI’s gain, gaining 2.40 rupees a share to trade at 147.40 rupees.

Melstacorp Plc gained 2.50 rupees to trade at 38.50 rupees a share and Commercial Leasing and finance gained 30 cents to trade at 4.30 rupees also contributing to the ASPI gain.

Hatton National bank fell 10 cents to trade at 113.50 rupees and Commercial Bank of Ceylon fell 30 cents to trade at 76.30 rupees a share while Sampath Bank gained 10 cents to trade at 124.30 rupees a share.

LOLC Holdings fell 40 cents to trade at 129.50 rupees a share while Browns Investment 10 cents to trade at 2.50 rupees a share.

Sri Lanka Telecom closed flat at 32.50 rupees a share, while Ceylon Cold Stores gained 40 cents to trade at 657.20 rupees a share and Carson Cumberbatch closed flat at 265.90 rupees a share.

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Ceylon Tobacco Company gained 90 cents to close at 950.90 rupees a share, Expolanka plc fell 20 cents to trade at 25.40 rupees a share while Softlogic Holdings fell 20 cents to trade at 10.50 rupees a share.

Distilleries Company gained 40 cents to trade at 20.50 rupees a share while Hemas Holdings gained 30 cents to trade at 81.90 rupees a share and C T Holdings also closed flat at 160.00 rupees a share.

Hayleys PLC gained 23.20 rupees to trade at 383.50 rupees a share, Cargills Ceylon closed flat at 190.00 rupees a share and Dialog Axiata Plc gained 10 cents to trade at 11.80 rupees a share.

Aitken Spence Plc gained 80 cents to trade at 48.00 rupees a share and Richard Pieris and Company gained 30 cents to trade at 14.60 rupees a share.

A 58 million rupees of negotiated trading (crossings) was seen at John Keells Holdings at 147.00 rupees per share.

A 93 million rupees crossing was seen at Dipped Products Plc at 325.00 rupees per share and the stock closed at 18.30 rupees higher at 332.40 rupees per share.

The Materials Industry index, which was the most active, gained 3.3 percent.
(Colombo/November 25/2020)

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