Sri Lanka stocks soars on opening day 2021
ECONOMYNEXT – Sri Lanka stock market close 1.78 percent higher on the opening day of 2021, pushed up by index heavy Ceylon Tobacco Company, Browns Investments and Expolanka Holdings, Colombo Stock Exchange Provisional Data showed.
Colombo’s All share price index gained 1.78 percent or 120.76 points to close at 6,894.98.
The S&P SL20 index of more liquid stocks gained 2.06 percent or 54.38 points to close at 2,692.48.
The market turnover was 4.9 billion rupees with 124 stocks gaining and 63 falling.
Sri Lanka stocks ended the year gaining 10.5 percent with stock values gaining 109.35 billion rupees, recording the highest annual increase the index has seen since 2014, Colombo Stock exchange issuing a statement said.
The All Share Price Index ended on 6774,22 in 2020.
With pandemic hitting the country the ASPI reached the point in the stock market in over a decade at 4,247.95 but recovered recording a gain of 59 percent by the end of the year.
Ceylon Tobacco Company contributed most to the ASPI gain, closing 62.70 rupees up at 1,091.60 rupees a share.
Browns Investments gained 50 cents a share to close at 4.80 rupees and Expolanka Holdings closed 1.90 rupees up at 30.90 rupees a share.
In the banking sector Hatton National Bank gained 2.30 rupees to close at 128.80 rupees, Sampath Bank closed 5.20 rupees up at 140.80 rupees a share, Commercial Bank of Ceylon gained 2.40 rupees to close at 83.30 rupees while DFCC Bank closed 20 cents down at 65.10 rupees.
In the hotel sector Eden Hotel Lanka closed 10 cents up at 11.60 rupees a share, Aitken Spence Hotel Holdings gained 20 cents to close at 32.50 rupees, John Keels Hotels closed 10 cents up at 11.10 rupees a share and Sigiriya Village hotel closed 1.00 rupee up at 35.90.
Distilleries Company closed 30 cents up at 20.80 rupees and Melstacorp Plc closed 1.90 rupees up at 53.90 rupees a share while Sri Lanka telecom closed 30 cents up at 33.80 rupees a share.
John Keells Holdings closed flat at 149.60 rupees and LOLC holdings closed 4.10 rupees up at 139.10 rupees a share.
Asiri Hospital Holdings fell 1.50 rupees to close at 33.00 rupees while Ceylon Cold Company closed 40 cents up at 705.00 rupees a share.
Hayles Plc closed 70 cents down at 415.20 rupees and Softlogic Holdings closed 20 cents down at 12.20 rupees.
Tokyo Cement Company gained 3.70 rupees to close at 79.90 rupees while Piramal Glass Ceylon closed 10 cents down at 9.30 rupees a share.
Nestle Lanka gained 47.80 rupees to close at 1,322.80 rupees a share and Dialog Axiata closed flat at 12.40 rupees.
Aitken Spence Plc closed 10 cents down at 57.70 rupees while Carson Cumberbatch closed 3.40 rupees up at 282.20 rupees.
Dipped products, a top gainer in 2020 fell 4.30 rupees to close at 343.00 rupees a share while Haycarb gained 7.20 rupees to close at 575.80 rupees.
Lanka Ceramic closed 1.10 rupees up at 139.10 rupees a share while Royal Ceramic Lanka 5.00 rupees to close at 182.10 rupees a share.
The Food, Beverage and Tobacco industry was the most active, gained 3.3 percent. (Colombo/January 04/2021)