Sri Lankan stocks end marginally up on low volumes

(EconomyNext) – Sri Lankan stocks closed marginally firmer Tuesday in choppy trade with volumes low given the holiday mood and uncertainties ahead of next week’s presidential poll, brokers said.

The All Share Price Index rose 3.74 points (0.05 percent) to 7,291.33 while the S&P SL20 index, which tracks the top 20 largest and most liquid stocks on the Colombo Stock Exchange, ended up 5.79 points (0.14 percent) at 4,086.60.

Turnover was a low 678 million rupees, a big chunk of it generated by John Keells Holdings (JKH) trades, according to CSE provisional figures.

The benchmark ASPI was lifted mainly by gains in National Development Bank (NDB), Sri Lanka Telecom (SLT), Dialog Axiata, JKH and DFCC Bank.

Access Engineering was the most actively traded stock, with almost 2.5 million shares changing hands trading in the 32.70 – 34.70 rupees range before closing at 33.20 rupees, down 1.40 (4.05 percent).

Sanasa Development Bank was also actively traded and closed at 90.50 rupees, down 5.80 (6.02 percent) with 35.4 million shares done between 90 and 93 rupees.

JKH closed up 70 cents at 249.20 rupees on turnover of 194 million rupees. NDB closed at 250 rupees, up 5.90 (2.42 percent) having traded in the 244.80 – 250.00 rupees range.

Sri Lanka Telecom closed up 50 cents at 50 rupees and Dialog at 13.40, up 0.10 (0.75 percent).

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