Sri Lankan shares extend gains

COLOMBO (EconomyNext) – Sri Lankan shares ended higher Tuesday extending the previous day’s gains as investors were heartened by higher quarterly company earnings, brokers said.

The All Share Price Index closed at 7,258.61, up 44.98 points (0.62%) while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, ended at 4,073.56, up 12.52 points (0.31%).

Turnover was just over a billion rupees.

The benchmark index was lifted mainly by gains in Distilleries Company, which rose five percent (14.70) to close at 289.00 on the back of Monday’s three percent gain, and Lanka Orix Leasing Company, which closed at 98.40, up 6.90 rupees (7.54%).

Alufab PLC was the most actively traded stock, gaining 10 percent (3.30 rupees) to close at 35.00 rupees while Piramal Glass Ceylon was most actively traded in terms of volumes, closing at 6.20, up 0.10 (1.64%).

Regnis Lanka was the day’s top gainer, shooting up 20 percent (19.20 rupees) to close at 114.20.

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