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Stocks close 1.12-pct higher

ECONOMYNEXT- Sri Lanka’s stocks closed 1.12 per cent higher on Friday, on Index heavy Browns Investment, HNB Finance limited and LOLC Holdings pushing up the market, provisional data showed.

The All Share Price Index (ASPI) at the Colombo stock exchange closed 63.38 points up at 5,722.04.

The main index stated low at 5,678.68 at the beginning of trading for the day but continued to increase on volatile trading throughout the day.

The more liquid S&P SL20 Index closed 1.30 per cent or 32.25 points up at 2,512.32.

The market turnover was 3.5 billion rupees, while 121 stocks gained and 69 fell.

Index-heavy Browns Investment contributed most to the ASPI gain, closing 20 cents up at 2.80 rupees a share.

HNB Finance closed 1.40 rupees up at 7.10 rupees a share and LOLC Holdings closed 4.00 rupees up at 139.00 rupees a share.

A 205.4 million rupee crossing (negotiated trade) was seen in John Keells Holdings at 137.50 rupees a share and the stock closed at 137.90 rupees a share.

A 182 million rupees crossing was seen in Hatton National Bank at 129.20 rupees a share and the stock closed at 130.50 rupees a share.

A crossing amounted to 146.6 million rupees was seen in Commercial Bank of Ceylon at 83.00 rupees a share and the stock closed at 82.80 rupees a share.

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Another 27.4 million rupees crossing was seen in Sampath bank at 137.00 rupees a share and stock closed flat at 137.00 rupees a share.

(Colombo/September 18/2020)

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