Sri Lanka stocks up 1.2-pct, rupee weaker

Aug 27, 2012 (LBO) – Sri Lanka’s stocks closed up 1.2 percent in a broad based rally that saw index heavy and several small caps making gains, brokers said, while the rupee traded weaker, dealers said. The Colombo All Share Index closed up 60.2 points at 5,073.10, and the S&PSL20 closed up 0.88 percent at 2,853.54 (+25.00 points).

Turnover was 454 million rupees.

The rupee weakened to around 132.55/70 in late trading after opening stronger around 132.20/40 rupees, dealers said.

Commercial Ban of Ceylon rose 60 cents to close at 103.40 rupees, DFCC Bank rose 60 cents to close at 115.10 rupees, John Keells Holdings rose 2.20 to close at 197.40 rupees, and Hatton National Bank rose 3.40 to close at 144.40 rupees.

Citrus Leisure rose 2.80 to close at 31.80 rupees, and its warrants rose 1.10 rupees to close at 6.70 rupees, Colombo Pharmacy rose 16.60 to close at 601.50, Entrust Securities rose 2.90 to close at 20.60, ERI rose 40 cents to close at 15.30 rupees.

Hydro Power Sri Lanka rose 1.40 to close at 8.00 rupees, Panasian Power closed up 10 cents at 2.70 rupees, Colombo Land rose 3.10 to close at 35.10 rupees and Lanka Hospitals Rose 3.00 rupees to close at 35.10.

Asiri Central Hospitals rose 54.80 to close at 260.00 rupees with one share trade.