Sri Lankan stocks up 0.52-pct

Aug 28, 2009 (LBO) – Sri Lankan shares closed up 0.5 percent Friday with banks and hotel sector shares driving gains, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed up 0.52 percent (13.46 points) to close at 2,601.50 while the Milanka index of liquid stocks gained 1.0 percent (29.34 points) to close at 2,964.49, according to provisional stock exchange data.

Turnover was 720.4 million rupees, driven by large parcels John Keells and hotels.

About 1.75 million JKH shares changed hands today. It closed at 135.50 rupees, down 50 cents, while index heavy Distilleries Company of Sri Lanka, a unit of Stassens roup closed flat at 85.00 rupees.

Sri Lanka’s largest celco Dialog Telekom closed at 5.75 rupees, up 25 cents, while fixed line operator Sri Lankan Telecom closed at 42.25 rupees, down 25 cents.

Samapth Bank closed at 143.75 rupees, up 1.75, while National development Bank close flat at 166.00 rupees.

Hatton National Bank closed at 135.00 rupees, up 3.00, while Housing Development Finance Corporation Bank closed at 95.75 rupees, up 2.50.

Confifi Hotels closed at 137.50 rupees, up 1.00, while Kandy Hotel Company closed at 115.00 rupees, up 4.75 on razor thin trading.

Royal Palms Beach Hotel closed at 70.00 rupees, up 6.00, while tangerine Beach Hotel closed at 72.50 rupees, up 4.75.

Kelani Tyres closed at 44.25 rupees, up 2.25 on 40,000 shares changing hands, while Lanka Aluminium closed at 29.00 rupees, up 2.00.

Lanka Orix Leasing Company closed at 108.25 rupees, up 1.75, while Watawala Plantations closed at 74.50 rupees, up 2.00.