Sri Lankan stocks close 0.5-pct up, buying in JKH, Cargills, Distilleries

ECONOMYNEXT – Colombo’s stock market closed 0.47 percent higher Monday with buying seen in John Keells Holdings, Cargills (Ceylon) and Distilleries Company of Sri Lanka, albeit in thin trade, brokers said

Colombo’s All Share closed 24.89 points higher at 5,323.07 and the S&P SL20 of more liquid stocks was up 0.71 percent or 17.56 points to 2,477.48.

The market turnover was 75 million rupees with 63 stocks gaining and 38 declining.

First Capital, a brokerage, said that market turnover was a 5-month low.

Foreign participation was low, with 7.20 rupees in net selling.

There were no crossings for the day.

Distilleries Company of Sri Lanka PLC gained 0.70 rupees to 14.70 rupees, John Keells Holdings was up 2.40 rupees at 141.00 rupees andCargills (Ceylon) PLC ended 5 rupees higher at 195.00 rupees, contributing to the benchmark ASPI gain.

Net foreign selling was 7.2 million rupees, compared to buying of 54 million rupees the previous day.

Expolanka Holdings PLC contributed 4.6 million rupees to the net foreign purchases and Hatton National Bank PLC contributed 12.4 million rupees to the net foreign sales. (COLOMBO, 10 June, 2019)





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