Sri Lanka stocks end up 1.9-pct

Dec 01, 2010 (LBO) – Sri Lankan stocks ended higher Wednesday, on the back of Tuesday’s gains, after the regulator gave more time for brokers to clear credit given to clients, brokers said. The All Share Price Index closed at 6,559.89, up 1.94 percent (125.04 points) while the more liquid Milanka index rose 1.75 percent (122.43 points) to close at 7,110.97, according to stock exchange provisional figures.

Turnover was 3.3 billion rupees.

Seylan Bank non-voting shares were heavily traded, with the stock closing at 53.20 rupees, up 3.70 rupees and over six million shares done.

Seylan Bank voting shares were also heavily traded with over 1.7 million shares changing hands and the stock closing at 104.80, up 9.50 rupees.

Aitken Spence was also actively traded, closing at 179 rupees, up 4.90 rupees with two crossings, or private deals, of just over half-a-million shares each both at 180 rupees a share.

There were two private deals in John Keells Holdings of a million shares and 100,000 shares, both at 301 rupees each, and a crossing of Ceylon Theatres of 210,000 shares at 189 rupees each.