Sri Lanka stocks close up 2-pct

Aug 01, 2013 (LBO) – Sri Lanka’s stocks closed up 1.98 percent Thursday following a week of losses with heavy activity in a plantation stock, some gains in the large cap stocks and banking stocks, brokers said.

In the banking sector, Hatton National Bank closed at 110.80 up 0.70 rupees, Pan Asia closed at 18.00 up 0.30 rupees. DFCC closed at 129.60 up 1.40 rupees.

The benchmark Colombo All Share Index closed 119.38 points higher at 6,156.50 and the S&P SL 20 Index closed 48.61 points higher at 3,477.57 up 1.42 percent.

Turnover was 1.5 billion rupees.

Foreigners brought 118 million rupees worth shares while selling 622 million rupees of shares, in a day that 141 stocks advanced and 53 stocks declined.

Ceylon Tobacco Company contributed most to the index closing at 1,200.80 rupees up 12.21 rupees. John Keels Holdings closed at 265.70 rupees up 5.30 rupees.

Ceylon Tobacco Company almost over took John Keells Holdings as the largest capital stock on the CSE during the days trading.

Negative contributors were Cargills Ceylon closing at 150.00 rupees down 5.00 rupees.

The Watawala Plantations stock attracted a lot of interest with 49 million shares traded and the stock closing at 11.70 rupees up 0.60 rupees. There were three crossings recorded in the stock one of 4,500,000at 14.00 rupees a second of 24,344,000 at 14.00 rupees and a third of 20,511,100 at 14.00 rupees.