Sri Lanka stocks close 0.77-pct up

Apr 08, 2010 (LBO) – Sri Lankan stocks continued to rally and closed at a new high Thursday, as investors bought hotels and selected high value shares despite a shorter trading day owing to general elections, brokers said. Colombo’s All Share Price Index closed at 3,939.62, up 30.01 points, while the Milanka index of more liquid shares gained 0.62 percent (27.75 points) to close at 4,524.99.

Turnover was 1.15 billion rupees, according to stock exchange provisional figures, with trading restricted to half-a-day because of parliamentary polls.

Aitken Spence Hotel Holdings closed at 429.00 rupees, up 4.00, Asian Hotels and Properties closed at 147.50 rupees, up 5.00, John Keells Hotels closed flat at 19.50 rupees, Mahaweli Reach Hotels closed at 24.00 rupees, up 75 cents.

Sigiriya Village Hotels closed at 47.00 rupees, up 1.00, The Nuwara Eliya Hotels Company closed at 431.50 rupees, up 11.50 and the Lighthouse Hotel closed at 63.25 rupees, up 1.00.

There was much interest on selected blue chip stocks, brokers said.

Aitken Spence closed at 1,381.25 rupees, up 5.50, The Bukit Darah closed at 3,390.00 rupees, up 40.00, Hayley closed at 239.00 rupees, down 75 cents and John Keells Holdings closed flat at 190.00 rupees.

Distilleries Company of Sri Lanka closed at 124.75 rupees, up 1.50 with almost 925,000 shares traded, brokers said.

Commercial Bank closed at 227.75 rupees, up 2.75, Hatton National Bank closed at 214.00 rupees, up 1.75, Sampath Bank closed at 235.25 rupees, up 50 cents and Seylan Bank closed at 51.00 rupees, up 1.00.

Kelani Valley Plantations closed at 52.00 rupees, up 4.00, Maskeliya Plantations closed at 31.25 rupees, up 50 cents,