Sri Lankan stocks close up 0.48-pct

July 13, 2010 (LBO) – Sri Lankan shares closed up Tuesday as investor interest on midcap stocks pushed the market up, while high volume trading on John Keells Holdings (JKH) boosted turnover, brokers said. The All Share Price Index closed at 4,555.83, up 21.88 points, while the Milanka index of more liquid shares rose 0.63 percent (32.18 points) to close at 5,138.03.

Turnover was 1.9 billion rupees, according to stock exchange provisional figures.

There was high investor interest on midcap stocks, brokers said.

Midcap stocks, ACL Plastics closed at 116.75 rupees, up 2.75, Ceylinco Insurance closed at 275.00 rupees, up 5.00, Ceylon Cold Stores closed at 280.00, up 4.00, Chemical Industries closed at 76.25 rupees, up 5.00 and Diesel and Motor Engineering closed at 720.00 rupees, up 8.50.

LB Finance closed at 154.25 rupees, up 14.25, Royal Ceramics closed at 159.25 rupees, up 6.25 and Union Assurance closed at 107.27 rupees, up 2.75.

The Finance Company closed at 24.25 rupees, up 3.25 with 1.34 million shares changing hands, and Hemas Power closed at 24.50 rupees, up 1.25 with 5.1 million shares traded.

Nawaloka Hospital closed at 8.25 rupees, up 50 cents with over 6.2 million shares traded, brokers said.

JKH, an index heavy conglomerate closed flat at 205.00 rupees with 3.52 million shares traded, while Hayleys closed flat at 300.00 rupees and Hemas Holdings closed at 36.25 rupees, up 50 cents.

Commercial Bank closed at 178.75 rupees, up 75 cents, Hatton National Bank closed at 274.50 rupees, down 50 cents, Nations Trust Bank closed at 54.00 rupees, up 1.50, Sampath Bank closed at 340.00 rupees, up 1.50 and Seylan Bank closed flat at 79.00 rupees.

National Deelopment Bank closed at 240.00 rupees, up 9.00, and DFCC Bank closed at 246.75 rupees, down 25 cents, brokers said.