Sri Lankan shares edge up on SLT, Carsons

May 05, 2008 (LBO) – Sri Lanka’s shares closed marginally higher with retail interest in Sri Lanka Telecom and Carsons pushing indices higher, brokers said Monday. The All Share Price Index closed up 0.47 percent (12.49 points) at 2,648.23 points while the more liquid Milanka index closed 0.48 percent (15.69 points) higher at 3,250.99.

State-owned fixed line operator Sri Lanka Telecom closed up 25 cents at 49.00 with over 530,000 shares changing hands.

Market heavyweight Carsons Cumberbatch closed 10 rupees higher at 4,450.00.

“Across the board, it was very quiet and the market moved up on Aitken Spence, Carsons and SLT,” Naren Godamunne, vice president, DFCC Stockbrokers said.

Retail deals in 1.75 million of Ceylon Hotels Corporation shares added 51.5 million rupees to the turnover with the share closing up 50 cents at 28.25.

Total turnover was 228 million rupees while volume of trade was 12.8 million shares. .