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Sri Lanka shares end up 0.8-pct

Dilshan Wirasekara, Chairman of the Colombo Stock Exchange

Feb 18, 2011(LBO) - Sri Lankan stocks closed 0.
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85 percent higher Friday helped by gains in Ceylon Tea Services and Bukit Darah stocks, brokers said.

The All Share Price Index closed at 7,672.

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49, up 0.85 percent (64.70 points) while the Milanka Price Index of more liquid stocks closed at 7,242.
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15, up 0.24 percent (17.48 points) according to stock exchange provisional figures.

Turnover was 1.9 billion rupees.

“There was relatively low market activity with most investors taking the long week-end off,” an analyst said.

There were big gains seen in Ceylon Tea Services, part of the Dilmah tea export group, with the stock closing at 968.

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30, up 318.30 rupees.

A ten percent price band has been imposed on the company with effect from 21st February 2011 to 14th March 2011 in accordance with a SEC directive issued in September 2010, a stock exchange filling said.

The Bukit Darah, part of the Carson Cumberbatch group, closed at 1,368.00, up 34.20 rupees.

Confifi Hotel Holdings closed at 265.

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00, up 34.90 rupees.

The company now controlled by Lanka Orix Leasing Company said net loss fell 39 percent to 4.5 million rupees in the December 2010 quarter from a year ago with sales up 28 percent to 54 million rupees.

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Distilleries Company closed 174.

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00, down 0.90 cents.

Distilleries group's December 2010 quarter net profits rose 45 percent to 1.

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2 billion rupees from a year ago, according to the results filed with the stock exchange.

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