Sri Lankan shares edge up, Textured Jersey actively traded

COLOMBO (EconomyNext) – Sri Lankan shares closed marginally higher Thursday led by gains in Dialog Axiata with active trading in a fabric manufacturer that reported sharply higher profits but foreign investors turned net sellers, brokers said.

The All Share Price Index gained 5.63 points (0.08%) to close at 7,179.00 while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, rose 7.44 points (0.18%) to close at 4,055.88.

Turnover was 802 million rupees with no crossings or off-the floor negotiated deals.

Dialog Axiata gained 1.77% to close at 11.50 rupees and was the main contributor to the gains in the benchmark index, SC Securities said.

It said foreign institutional investors were net sellers of 65 million rupees worth of shares.

Fabric maker Textured Jersey Lanka was amng the most actively traded shares after it reported a 46 percent increase in net profit to 512 million rupees in the March 2015 quarter.

The market will be closed on Friday and Monday because of May day and a religious holiday.

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