Sri Lanka stocks close up 0.2-pct

Apr 08, 2013 (LBO) – Sri Lanka’s stock closed up 0.2 percent with interest shown in banking stocks amid thin trade, brokers said. Aitken Spence closed flat at 119.50 rupees after spiking to 120.90 rupees.

Colombo Land & Development which last week got tax breaks for a 600 million rupee expansion closed up 4.30 rupees at 35.90 rupees.

The benchmark Colombo All Share Index closed 25.30 points higher at 5,791.24 up 0.44 percent and the S&P SL 20 Index closed 11.65 points higher at 3,324.18 up 0.35 percent.

Turnover was 398 million rupees.

Union Bank of Colombo extended gains to close at 22.50 up 0.40 rupees, amid speculation that a key investor was looking to exit.

The stock brought the highest turnover of 63 million rupees for the day, followed by Kegalle Plantations which brought 44.1 million rupees.

Commercial Bank of Ceylon gained 2.00 rupees to close at 113.50 rupees.
Pan Asia Banking Cooperation closed 20.40 down 0.40 rupees.

Nestle Lanka gained 24.10 rupees to close at 1,773.00rupees.

Dialog Axiata closed flat 9.10 rupees, and Distilleries Company of Sri Lanka and index heavy stocks gained 5.00 rupees to close at 165.00 rupees