Sri Lankan stocks close up 0.91-pct

June 29, 2010 (LBO) – Sri Lankan shares closed up Tuesday as retailers got back into the market after last weeks profit taking, a troubled tableware firm which got a new investor extended gains, brokers said. The All Share Price Index closed at 4,616.09, up 0.91 percent (41.80 points) while the more liquid Milanka index rose 0.88 percent (46.34 points) to close at 5,303.87.

Turnover was 2.8 billion rupees, according to stock exchange provisional figures.

Tableware manufacturer Dankotuwa Porcelain continued to be briskly traded after last week’s announcement that it was taken over by a foreign consortium that already owns Environmental Resources Investments and Ceylon Leather Products, broker said.

Dankotuwa closed at 40.75 rupees, up 1.75 rupees with 8.5 million shares traded, brokers said.

Nearly 8.6 million Overseas Reality shares changed hands Tuesday. It closed at 22.75 rupees, up 2.50.

Conglomerates, Aitken Spence closed at 1,610.00 rupees, up 10.00, Hayleys closed flat at 305.00 rupees, Hemas Holdings closed at 177.00 rupees, down 1.75 and John Keells Holdings closed at 205.50 rupees, up 50 cents with almost 2.8 million shares traded.

Commercial Bank closed at 182.50 rupees, up 2.75, Hatton National Bank closed at 288.00 rupees, down 1.25, Nations Trust Bank closed at 55.00 rupees, up 1.00, Sampath Bank closed at 362.00 rupees, down 3.00 and Seylan Bank closed at 83.00 rupees, up 25 cents.

Dialog Telekom which has been heavily traded after returning to profitability in March quarter closed at 9.75 rupees, up 25 cents with 9.1 million shares traded, while Sri Lanka Telecom closed flat at 36.50, brokers said.