Sri Lankan shares close up 0.87-pct

Sep 30, 2009 (LBO) – Sri Lankan shares closed up Wednesday in an end-quarter rally with buyers chasing plantation sector stocks, and hotel stock extending gains, brokers said. The All Share Price Index was up 0.87 percent (25.39 points) to end at 2,938.64 while Milanka index liquid stocks gained 1.15 percent (37.47 points) to close at 3,297.43, according to provisional stock exchange figures.

Turnover was 1.24 billion rupees, with large volumes deals in Seylan Bank non-voting shares.

Kahawatte Planations closed at 34.75 rupees, up 4.75, while Coco Lanka closed at 42.00 rupees, up 4.00.

Kelani Valley Plantations closed at 56.00 rupees, up 2.00, while Malwatte Valley Plantations closed at 31.50 rupees, up 1.25.

Maskeliya Plantations closed at 21.75 rupees, up 2.50, while Talawakelle Tea Estates closed at 27.75 rupees, 2.00.

Carsons Cumberbatch, which controls several oil palm firms, closed at 289.25 rupees, up 13.25.

Aitken Spence Hotel Holdings closed at 219.75 rupees, up 7.75, while Asian Hotels and Properties closed at 75.00 rupees, up 1.00.

Confifi Hotel Holdings closed at 138.00 rupees, up 2.00, while Nuwara Eliya Hotels Company closed at 400.00 rupees, up 17.50 on thin volumes.

Index heavy conglomerate John Keells Holdings (JKH) closed at 151.00 rupees, up 25 cents, while Distilleries Company of Sri Lanka closed at 85.00 rupees, down 1.25.

Commercial Bank of Ceylon closed at 171.25 rupees, down 75 cents, while National Development Bank closed flat at 189.75 rupees.

Sampath Bank closed at 170.00 rupees, up 25 cents, while DFCC Bank closed at 151.00 rupees, flat.

Celco Dialog Telekom, the Sri Lankan unit of Telekom Malaysia closed at 6.50 rupees, up 25 cents, while Sri Lanka Telecom closed flat 44.75 rupees.

Tokyo Cement closed at 192.00 rupees, up 4.50.