Sri Lanka stocks up 0.29 pct

Aug 28, 2012 (LBO) – Sri Lanka’s stocks closed up 0.29 percent with several large caps and speculative stocks extending gains, while a transfer of Aitken Spence shares boosted turnover, brokers said.

Index heavy Sri Lanka Telecom closed AT 39.30 rupees up 1.10 rupees, Distilleries closed at 122.30 rupees up 3.30 and John Keells Holdings closed up 1.00 rupee at 198.40 rupees.

Dialog Axiata PLC closed flat at 6.10 rupees. The All Share Index closed up 29.55 points at 5,102.65 and the S&PSL20 index of large cap stocks closed up 0.35 percent at 2,856.75 (+9.91 points up).

Turnover was 3,073 million rupees.

A trade in Aitken Spence valued at 2,543 million rupees, said to be an internal transfer accounted for most of the revenue followed by Colombo Land with 37 million rupees and DFCC with 34 million rupees.

Aitken Spence PLC rose 50 cents to close at 111.50 rupees up 0.45 percent.

Asiri Hospital Holdings PLC that got a 2.26 billion rupee cash injection from a private equity group gained 60 cents to close at 9.30 rupees up 6.90 percent.

Colombo Land and Development Company PLC gained 2.30 rupees to close at 37.40 up 6.55 percent.

Commercial Bank of Ceylon PLC slipped 0.20 to close at 103.20. DFCC Bank gained 2.00 rupees to close at 117.10 rupees to close at 1.74 percent.