Sri Lanka shares close up 2-pct

Apr 01, 2011 (LBO) – Sri Lankan shares closed sharply higher Friday with interest in banking and manufacturing stocks, brokers said. Central Finance fell 31.10 to close at 1,242.60 rupees. The All Share Price Index closed at 7,377.22, up 2.09 percent (151.10 points) while the more liquid Milanka index rose 2.18 percent (149.89 points) to close at 7,024.63, according to stock exchange provisional figures.

Turnover was 1.6 billion rupees.

John Keells Holdings, which has a heavy weighting on the benchmark index, closed at 295.60 rupees, up 10 rupees with 356,900 shares done while Guardian Capital Partners closed at 319.60 rupees, up 29 rupees.

Distlleries Company closed at 182.30, up 2.30 rupees. There was a crossing of 800,000 shares of Distlleries Company at 180 rupees each.

PC House was actively traded, closing at 19.50, up 2.40 rupees with 6.2 million shares done.

Union Bank of Colombo, which began trading during the week, was also heavily traded, closing at 36.50 rupees, up 70 cents.