Sri Lanka stocks up for third straight day
ECONOMYNEXT – Sri Lanka stocks gained 0.80 percent on Friday continuing for the third day in a row, pushed up by LOLC Holdings, Brown Investments and Commercial Leasing and Finance, Colombo Stock Exchange data showed.
Turnover was 3.4 billion rupees with 88 stocks gaining and 93 falling.
The Colombo benchmark All Share Price Index gained 61.58 points to close at 7,797.94.
The index fell to a daily low at 7,702.81 in the first hour into trading but picked up and continued to increase throughout the day on Volatile Trading.
The S&P SL20 index of more liquid stocks gained 0.39 percent or 12.08 points to close at 3,098.12.
LOLC Holdings of Ishara Nanayakkara gained 19.50 rupees or 5.03 percent to close at 407.25 rupees.
LOLC Finance, gained 40 cents to close at 7.60 rupees, Browns and Company gained 3.25 rupees to close at 202.25 rupees while Browns investments closed 60 cents up at 6.10 rupees.
Commercial Leasing and Finance gained 70 cents to close at 7.40 rupees.
John Keells Holdings closed flat at 160.00 rupees while Vallibel One fell 1.90 rupees to close at 62.00 rupees.
Hayleys Plc closed 3.00 rupees down at 70.10 with key subsidiaries Dipped Products falling 2.80 to close at 60.10 rupees and Haycarb Plc down 3.00 to close at 116.00 rupees.
The Kingsbury Plc closed 30 cents up at 12.00, Singer Industries Ceylon closed flat at 98.70 and Unisyst Engineering closed 20 cents up at 15.50 rupees.
Ceylon Tobacco Company closed 14.25 rupees down at 1,070.00, Ceylon Cold Stores flat at 660.00 while Piramal Glass Ceylon closed unchanged at 10.00.
Expolanka gains 80 cents to close at 47.10 rupees and Melstacorp Holdings closed 0.60 rupees down at 50.30.
Royal Ceramic Lanka closed 5.50 rupees lower at 324.25, Lanka Tiles gained 50 cents to close at 234.25 rupees while Lanka Walltiles closed 2.50 cents down at 234.50 and Lanka Ceramic closed 2.25 rupees down at 132.00 rupees.
Hatton National Bank closed 1.75 rupees up at 137.75 rupees and Commercial Bank of Ceylon closed up 1.80 rupees at 90.00 rupees.
DFCC Bank closed 0.10 cents up at 64.60 rupees and Sampath bank closed 50 cents down at 159.50 rupees while Nations Trust Bank gained 10 cents to close at 59.00 rupees.
Seylan Bank closed 0.70 cents down at 51.00 and Pan Asia Banking Corporation gained 30 cents to close at 18.10 rupees.
Central Finance Company down 1.50 rupees to close at 96.10 rupees and Citizens Development Business Finance down 6.75 rupees to close at 116.50 rupees, Alliance Finance Company gained 1.90 rupees to close at 54.40 rupees.
Sinhaputhra Finance closed 30 cents up at 4.60 rupees. Housing Development Finance gained 10 cents to close at 39.90 rupees while Softlogic finance closed 30 cents down at 10.70 rupees.
Cargills Ceylon fell 1.50 cents to close at 233.50 rupees, Distilleries Company gained 70 cents to close at 21.20, Hemas Holdings gained 30 cents to close at 85.60 rupees and Ceylon Grain Elevators fell 0.50 rupees to close at 135.75 rupees.
In the hotel sector Eden Hotel Lanka closed 40 cents down at 10.80 rupees, Sigiriya Village hotel closed 1.00 up at 34.50, Aitken Spence Hotel Holdings down 0.70 rupees to close at 31.00 and John Keels Hotels closed 40 cents up at 11.00.
Carson Cumberbatch fell 13.00 rupees to close at 286.00 rupees while Access Engineering closed flat at 25.20 rupees.
Nestle Lanka closed 19.50 rupees up at 1,199.50 rupees while Aitken Spence Plc closed 80 cents down at 62.40 rupees.
Sri Lanka Telecom closed 50 cents up at 36.20 rupees and Richard Pieris and Company closed 0.20 cents down at 17.80 rupees while Dialog Axiata closed flat at 12.40 rupees.
Net foreign sales for the day is 284 million rupees.
The Food, Beverage and Tobacco Industry was the most active, gained 0.99 percent today. (Colombo/Feb19/2021)