Sri Lanka stocks close 0.68-pct up

Feb 26, 2010 (LBO) – Sri Lankan shares closed slightly higher Friday and passed 3,800 points as investors continued to bet on mid cap stocks, mainly financial and selected plantation firms, brokers said.

Maskeliya Plantations closed at 35.50 rupees, up 25 cents.

Conglomerate John Keells holdings closed at 168.25 rupees, up 50 cents, and Distilleries Company of Sri Lanka closed flat at 116.50 rupees.

Commercial Bank of Ceylon closed at 197.75 rupees, down 75 cents, Hatton National Bank closed at 178.00 rupees, down 50 cents, Sampath Bank closed at 236.50 rupees, up 6.00 and Seylan Bank closed flat at 45.00 rupees.

DFCC Bank closed flat at 178.00, and National Development Bank closed at 222.75 rupees, up 2.75.

Sri Lanka Telecom closed at 39.50 rupees, up 75 cents, and Dialog Telekom closed flat at 7.00 rupees. The All Share Price Index closed at 3,807.86, up 25.61 points, while the Milanka index of more liquid shares gained 0.17 percent (7.46 points) to close at 4,354.73 on a shortened trading day.

Turnover was 787.2 million rupees, according to stock exchange provisional figures.

Nawaloka Hospitals closed at 3.80 rupees, up 20 cents with nearly 14.3 million shares traded, brokers said.

Financial sector stocks headed by insurance companies and selected plantation companies made gains, brokers said.

Amana Takaful closed at 13.50 rupees, up 25 cents, Asia Capital closed at 63.50 rupees, up 3.50 and Ceylinco Insurance closed at 270.00 rupees, up 5.00.

Janashakthi Insurance Company closed flat at 12.25, and Union Assurance closed at 108.50 rupees, up 8.50.

Balangoda Plantations closed at 34.75 rupees, up 50 cents, Bogawantalawa Plantations closed at 42.50 rupees, up 25 cents, Horana Plantations closed at 30.25 rupees, up 50 cents, and Kahawatte Plantations closed at 35.00 rupees, up 75 cents.