Sri Lanka stocks up 0.31-pct, turnover hits 15-month high
ECONOMYNEXT – Sri Lanka stocks closed 0.31 percent higher on Monday with the turnover soaring due to a block trade in LOLC Finance.
Colombo’s All Share Price index (ASPI) closed 17.42 points up at 5,587.36.
The S&P SL20 index of more liquid stocks closed 0.68 percent or 17.79 points up at 2,644.98.
The market turnover was 9 billion rupees with 70 stocks gaining and 47 stocks declining.
Turnover reached a 15-month high, since the last highest of 13 billion in March 2018.
A last minute internal transfer of 2.6 billion shares of LOLC Finance at 3.40 rupees a share amounting to 8.9 billion rupees boosted turnover, market sources said.
Three other crossings were seen in Commercial Bank of Ceylon (189 million rupees), John Keells Holdings (27.17 million) and Richard Pieris and Company (25.84 million rupees).
Retail activity was high and was centered on Access Engineering (347 trades) and Dialog Axiata (185 trades).
Dialog Axiata closed 30 cents up at 10.10 rupees a share contributing most to the ASPI’s rise.
Richard Pieris and Company closed 70 cents up at 11.40 rupees a share and Distilleries Company of Sri Lanka closed 20 cents up at 17.30 rupees a share, also pushing the ASPI up.
(COLOMBO, 15 July, 2019)