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Saturday September 18th, 2021

Sri Lanka stocks in new high, LOLC Holdings becomes most valuable firm

ECONOMYNEXT – Sri Lanka’s stocks rose 1.69 percent on Wednesday, with LOLC Holdings rising 104.00 rupees becoming the most valuable company in the Colombo Stock Exchange overtaking long-running leader John Keells Holdings.

Colombo’s All share price index gained 1.69 percent or 146.19 points to close at a new all-time high of 8,812.01.

The S&P SL20 index of more liquid stocks gained 0.04 percent or 1.28 points to close at 3,505.33.

The market turnover was 14.4 billion rupees with 74 stocks gaining and 150 falling.

LOLC Holding of Ishara Nanayakkara gained 104.00 rupees to close at 521.25 rupees valuing the company at 247.7 billion rupees.

John Keells Holdings fell 1.50 rupees to close at 171.25 rupees, with a market capital of 225.8 billion rupees.

Browns Investments, another firm linked to Nanayakkara, which is also in the top 10, closed flat at 6.90 rupees a share

Vallibel One, controlled by Dhammika Perera closed 24.48 percent or 14.10 rupees up at 71.70 rupees climbing up with 77.9 billion rupees of market capitalization. LB Finance gained 88.00 rupees to close at 320.50 rupees.

Hayleys Plc, gained 10.25rupeeto close at 802.25 rupees a share with key subsidiaries Dipped Products gaining 14.25 rupees to close at 742.25 rupees while Haycarb Plc falling 7.50 rupees to close at 1,281.25 rupees.

The Kingsbury Plc another subsidiary of Hayleys group closed flat at 14.00 rupees.

Hatton National Bank closed 5.50 rupees down at 148.50 rupees, Commercial Bank of Ceylon fell 70
cents to close at 99.80 rupees, DFCC Bank closed 3.10 rupees down at 74.50 rupees and Sampath
The bank closed 3.50 rupees down at 166.75 rupees.

Nations trust bank fell 1.90 rupees to close at 64.20 rupees and Seylan Bank fell 2.40 rupees to close at 59.30 rupees while Pan Asia Banking Corporation gained 20cents to close at 18.00 rupees.

Central Finance Company gained 6.25 rupees to close at 113.00 rupees, Alliance Finance Company gained 80 cents to close at 56.20 rupees and Citizens Development Business Finance fell 2.25 rupees to close at 124.75 rupees.

Sinhaputhra Finance closed 10 cents down at 8.40 rupees a share, Housing Development Finance fell 1.10 rupees to close at 45.60 rupees while Softlogic finance closed 10 cents up at 12.40 rupees a share.

In the hotel sector Eden Hotel Lanka closed 20 cents up at 12.80 rupees, Sigiriya Village hotel closed 90 cents up at 40.10 rupees while Aitken Spence Hotel holdings fell 40 cents to close at 35.10 rupees and John Keels Hotels closed 30 cents down at 11.10 rupees a share.

Sri Lanka Telecom closed 10 cents down at 39.60 rupees, Melstacorp Plc closed 3.00 rupees down at 68.60 rupees while Richard Pieris Company closed flat at 17.00 rupees.

EB Creasy and Company gained 413.75 rupees to close at 6,215.00 rupees while Hemas Holdings closed 2.80rupee down at 98.20 rupees.

Ceylon Tobacco Company gained 9.00 rupees to close at 1,112.00 rupees and Ceylon Cold stores closed 50 cents up at 710.50 rupees, Distilleries Company fell 60 cents to close at 23.10 rupees.

Carson Cumberbatch fell 7.00 rupees to close at 369.50 rupees and Access Engineering fell 70 cents to close at 29.90 rupees.

Nestle Lanka closed flat at 1,266.25 rupees while Dialog Axiata closed flat at12.90 rupees while Aitken Spence Plc closed 1.80 rupees up at 78.80 rupees.

Royal Ceramic Lanka closed 69.50 percent and Lanka Ceramic closed 40.50 rupees up at 218.50 rupees.
The Capital Goods Industry was the most active, gained 0.58 percent and Materials Industry which was also active gained 1.2 percent today. (Colombo/January 27/2021)


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