Sri Lanka stock close up 0.2 percent

Oct 13, 2009 (LBO) – Sri Lankan shares closed up 0.2 percent Tuesday, supported by banks extending gains, while NAMAL Acuity Venture Fund, a mutual fund, ended lower after yesterday’s debut, brokers said. Touchwood Investments closed at 92.75 rupees, up 75 cents, and Lanka Cement closed at 32.25 rupees, down 25 cents.

Dialog Telekom, a unit of Telekom Malaysia closed flat at 7.50 rupees, and fixed line operator Sri Lankan Telecom closed at 47.00 rupees, down 1.00.

Error corrected/date

The All Share Price Index closed up 0.27 percent (8.44 points) to end at 3,139.73, while the Milanka Index of more liquid stocks gained 0.50 percent (17.57 points) to close at 3,544.73, according to provisional stock exchange data.

Turnover was 1.26 billion rupees.

“The markets turnover continues on a healthy note,” Thakshila Hulangamuwa, vice president of stock brokering house Asha Phillip Securities said.

“There was mainly heavy retail interest on Seylan Bank non-voting.”

Seylan Bank non-voting shares closed at 18.25 rupees, up 1.75 with 8.5 million shares changing hands, and Hatton National Bank closed at 173.00 rupees, down 75 cents with 1.21 million shares traded.

Commercial Bank closed at 188.25 rupees, up 2.25, and National Development Bank closed at 196.50 rupees, up 1.75. Sampath Bank closed at 190.00 rupees, up 5.00, and DFCC Bank closed at 157.00 rupees, up 3.75.

Namal Acuity Value Fund, Sri Lanka’s first close-ended fund, made a strong debut yesterday on the Colombo Bourse closed at 49.25 rupees, with 4,600 units traded, falling below its issue price of 50 rupees.