Sri Lankan shares close 0.2-pct higher

Feb 15, 2010 (LBO) – Sri Lankan stocks closed up 0.2 percent Monday but an index of liquid shares fell as investors sold blue chips, brokers said. The All Share Price Index closed at 3,717.51, up 0.20 percent (7.54 points) while the Milanka index of more liquid shares fell 0.48 percent (20.05 points) to close at 4,195.84.

Turnover was 1.2 billion rupees, according to stock exchange provisional figures, helped by large deals on Kshatriya Holdings.

Over 13 million Kshatriya Holdings shares were traded today. It closed at 12.50 rupees, up 1.25.

“Profit taking continues in the market, while retail activity was high,” Thakshila Hulangamuwa, vice president at stock brokering firm Asha Phillip Securities said.

“Companies that showed improved performance compared to the previous year held their price levels.” John Keells Holdings, a conglomerate, closed at 165.25 rupees, up 2.75, and Distilleries Company of Sri Lanka closed at 116.00 rupees, up 25 cents.

Environmental Resources Investments closed at 194.75 rupees, down 12.25. Its 000 warrants issue closed at 116.00 rupees, down 7.25 and 0001 warrants issue closed at 118.75 rupees, down 6.25.

Commercial Bank of Sri Lanka closed flat at 188.00 rupees, Hatton National Bank closed at 173.75 rupees, up 75 cents, Sampath Bank closed at 212.50 rupees, down 3.25 and Seylan Bank closed at 45.25 rupees, up 75 cents.

The SEC said directors of a company put on the default board for not filing accounts, will not be allowed to trade in the firm’s shares.