Sri Lanka shares close 0.4-pct higher

Feb 24, 2011(LBO) – Sri Lankan stocks closed 0.46 percent up with retail investor interest seen in Piramal Glass Ceylon and oil palm firms, brokers said.

The All Share Price Index closed at 7,583.42, up 0.46 percent (34.56 points) while the Milanka Price Index of more liquid stocks closed at 7,176.06, down 0.07 percent (05.07 points) according to stock exchange provisional figures.

Turnover was 2.9 billion rupees. There were 110 gainers and 113 losers.

Bukit Darah closed at 1,269.70, up 2.20 rupees and Good Hope closed at 1,287.00, up 97.00 rupees.

The biggest contributor to turnover, Piramal Glass Ceylon closed at 10.20, up 0.70 cents with over 21 million shares done.

Guardian Capital Partners closed at 1,294.80, up 431.60 rupees. The company’s stock price saw a 50 percent price gain, Thursday.

John Keells Holdings closed at 290.50, down 0.50 with two crossings at 292.00 rupees.

Commercial Banks voting shares closed at 273.60, down 0.40 cents and its non-voting shares closed at 167.10, up 2.10 rupees.

The bank said profits in the December 2010 quarter rose 46.8 percent to 1.77 billion rupees with earnings per share of 4.67 rupees for the quarter.

An initial public offering of Union Bank was over subscribed, Thursday, a stock exchange filling said.