Sri Lankan stocks close 0.14-pct higher

Feb 24, 2010 (LBO) – Sri Lankan shares edged up Wednesday, boosted by renewed buying interest on plantation, construction and insurance stocks, brokers said. The All Share Price Index closed at 3,775.51, up 5.11 points, while the Milanka index of more liquid shares gained 0.39 percent (16.78 points) to close at 4,331.98.

Turnover was 1.3 billion rupees, according to stock exchange provisional figures.

In a privately negotiated off-the-floor deal 617,800 Colonial Motors shares was bought by investor T Senthilverl at 70.00 rupees each, a stock exchange filing said.

He now holds 13.33 percent of Colonial Motors shares. It opened Wednesday at 62.00 rupees per share.

Colonial Motors closed at 72.25 rupees, up 10.25 with 1.12 million shares traded.

Haycarb closed at 174.75 rupees, down 2.25 with 1.0 million shares traded.

Madulsima Plantations closed at 17.75 rupees, up 25 cents, Malwatte Valley Plantations closed at 52.00 rupees, up 2.25, Maskeliya Plantations closed at 33.00 rupees, up 25 cents, and Talawakelle Tea Estates closed at 33.75 rupees, up 1.50.

Balangoda Plantations closed at 37.25 rupees, down 1.00, Bogawantalawa Plantations closed at 41.50 rupees, down 1.50 and Watawala Plantations closed at 183.00 rupees, down 2.00.

Environmental Resources Investments closed at 232.75 rupees, down 75 cents. Its 0000 warrants closed at 145.25 rupees, up 75 cents, and 0001 warrants closed at 145.25 rupees, up 2.50.

John Keells Holdings, a conglomerate closed at 167.75 rupees, down 1.00, and Distilleries Company of Sri Lanka, an alcohol producer closed at 117.00 rupees, up 2.00.

Among diversified companies, Hemas Holdings closed at 124.25 rupees, up 3.25, Hayleys closed flat at 205.00 rupees, and Aitken Spence closed at 1,301.00 rupees, up 31.00.

Commercial Bank of Ceylon closed at 198.00 rupees, up 25 cents and Hatton National Bank closed at 178.00 rupees, up 2.00, with 1.13 million shares traded.

Sampath Bank closed at 230.25 rupees, down 75 cents and Seylan Bank closed flat at 45.25 rupees, up 2.25.

Janashakthi Insurance closed at 12.75 rupees, up 50 cents with 2.2 million shares changing hands. Ceylinco Insurance closed at 260.00 rupees, up 12.00 and Aviva NDB closed at 210.00 rupees, down 10.00.

Sri Lanka Telecom, a fixed line provider closed at 39.50 rupees, down 50 cents, and Dialog Telekom, a celco closed flat at 7.00 rupees.

Retailer favourites Lanka Cement closed at 29.00 rupees, up 2.25 with 1.09 million shares traded, and Touchwood Investment closed flat at 132.00 rupees.

Updated