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Tuesday May 11th, 2021
Markets

Sri Lankan stocks edge up

COLOMBO (EconomyNext) – Sri Lankan stocks closed firmer Tuesday with turnover low amid continuing political uncertainty over the government’s planned constitutional changes and parliamentary polls, brokers said.

The All Share Price Index ended at 7,098.60, up 18.22 points (0.26%) while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, closed at 4,026.43, up 5.83 points (0.15%)

Turnover was a low 684 million rupees.

The benchmark index was lifted by gains in the banking and finance and beverage, food and tobacco sectors.

Ceylon Tobacco went up 3.6 percent (36 rupees) to 1,050, Lion Brewery gained two percent (12.50) to 632.50 and Ceylon Beverage Holdings rose four percent (33.50 rupees) to 833.50.

Commercial Credit and Finance gained six percent or three rupees to close at 52.70 while DFCC went up 1.4 percent (2.90 rupees) to 215.

Access Engineering, which had risen 2.50% Monday, fell almost three percent (70 cents) to 23.90.

The company’s stock has been actively traded and its price has see-sawed in recent weeks after the government cancelled an airport repair contract.

 

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