Sri Lanka shares close up 0.7-pct

Jan 18, 2011(LBO) – Sri Lankan stocks closed up 0.7 percent Tuesday with active retail trading and low value counters dominating the market, brokers said.

Turnover was 3.4 billion rupees.

“There has been an absence of significant foreign investment in the market the last few days,” Thakshila Hulangamuwa of Asha Phillips Securities said.

Biggest contributor to turnover was Singer Finance with the stock closing at 50.60, up 1.40 with over 12 million shares done.

Commercial Bank closed at 276.90, up 1.40 rupees and Hatton National Bank closed at 399.40, up 1.80 rupees.

John Keells Holdings closed at 292.90, down 0.20 cents and Aitken Spence closed at 187.50, down 1.20 rupees.

There was a large crossing of Asiri Hospital shares of 41.7 million at 9.00 rupees and the stock closed at 9.00, up 0.20 cents.

Dialog Axiata closed at 11.80, up 0.10 cents with 497,000 shares done.

The All Share Price Index closed at 7,058.33, up 0.72 percent (50.27 points) while the Milanka Price Index of more liquid stocks closed at 7,248.20, up 0.11 percent (8.16 points) according to stock exchange provisional figures.