Sri Lanka stocks close up 0.17-pct

Oct 27, 2010 (LBO) – Sri Lanka’s stocks closed up Wednesday, recovering from a dip in mid-morning trade, brokers said.

There were 93 gainers and 88 losers, today.

The Colombo All Share Index rose 0.17 percent (10.84 points) to 6,557.00 points, while the Milanka Index of more liquid stocks dipped 0.23 percent (16.05 points) to 7,097.83 according to provisional Colombo Stock Exchange data.

Turnover was 1.5 billion rupees.

“Interest was seen in Commercial Bank and John Keells Holdings by institutional and high-net-worth individuals.” Janita Silva of Bartleet Mallory Stockbrokers said.

Commercial Bank closed at 253.60 rupees, down 6.40 (2.46 percent) with 800, 000 shares traded while Hatton National Bank closed at 408.00 rupees, up 0.40 (0.10 percent).

Index heavy JKH closed at 290.20 rupees, down 5.70 (1.93 percent) with two million shares changing hands while Aitken Spence closed at 180.00 rupees, down 2.20 (1.21 percent).

Dialog Axiata closed at 12.30 rupees, up 0.10 cents (0.82) with one million shares traded.

Trading was halted owing to a power failure but resumed with back-up power, a stock exchange official said.