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Sri Lanka stocks up 1.09-pct on JKH, Dialog and Sampath Bank

ECONOMYNEXT- Sri Lanka stocks was up 1. 09 percent on Thursday an hour into trading dragged up by retail, telcos and banks, provisional data showed.

Colombo’s All Share Price Index advanced 52 points up to 4, 852.19 pushed up by John Keells Holdings, Dialog Axiata and Sampath Bank shares.

The index followed an upward trajectory after gaining minutes after market open which continued until mid morning.

The S&P SL20 index of more liquid stocks gained 2.99 percent or 53.51 points up to 2, 067.87.

Market turnover was 256.60 million rupees while 73 stocks made gains and 16 stocks fell.

John Keells Holdings share traded at 115.00 rupees a share, up by 4.90 rupees or 4.45 percent today, contributing heavily to the ASPI’s spike.

Dialog Axiata, share gained by 50 cents, trading at 10.60 rupees a share while Sampath Bank stocks gained by 4.00 rupees to trade at 121.60 rupees a share, also in the top three companies which dragged the index up.

Banking stocks continued to make gains throughout the week amid Coronavirus disruptions, CSE data showed.

Commercial Bank shares were 90 cents up at 64.90 rupees a share while Hatton National Bank shares went up by 50 cents, trading at 104.50 rupees a share close to noon.

(Colombo/May28/2020)

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