Sri Lanka stocks top 6,000-pts

Sept 09, 2010 (LBO) – Sri Lanka’s benchmark index topped 6,000 points Thursday, with high value stocks like John Keells Holdings (JKH) and Distilleries Company shares also helping push turnover up brokers said.

The All Share Price Index closed at 6,026.99, up 1.08 percent (64.37 points) while the Milanka Index of more liquid stocks rose 2.09 percent (128.66 points) to close at 6,281.59, according to stock exchange provisional figures.

Turnover was 3.8 billion rupees.

Highly value shares were heavily traded, brokers said.

JKH closed at closed at 281.00 rupees, up 6.50 (2.37 percent) with 2.29 million shares traded.

Distilleries Company of Sri Lanka, a unit of tea company Stassens group controlled by business tycoon Harry Jayawardena closed at 166.00 rupees, up 9.00 (5.37 percent) with almost 1.1 million shares changing hands, brokers said.

There was profit taking on selected shares, brokers said.

ACME Printing and packaging closed at 25.00 rupees, down 1.00 (3.85 percent), Asia Capital closed at 46.00 rupees, down 2.00 (4.17 percent), Central Finance closed at 721.00 rupees, down 7.10 (0.98 percent) and Ceylinco Insurance closed at 336.20 rupees, down 13.80 (3.94 percent).

Coco Lanka closed at 45.00 rupees, down 2.30 (4.86 percent), Eden Hotel Lanka closed at 62.30 rupees, down 2.60 (4.01 percent), LB Finance closed at 200.00 rupees, down 4.10 (2.01 percent).