Sri Lankan stocks up 1.07 percent

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

May 30, 2012 (LBO) – Sri Lankan share prices recovered on Wednesday, after nearly a week of sustained selling, with buying interest in selected blue-chip counters, brokers said. The broader All Share Price index gained 1.07 percent or 51.86 points to close at 4,865.12, while the more liquid 25-stock Milanka Price Index added 14.66 points or 0.33 percent to end at 4,327.97.

Nearly half of Wednesday’s turnover of 673.9 million rupees came from conglomerate John Keells Holdings PLC, according to Colombo Stock Exchange figures.

Market heavyweight JKH, with investments in transport, leisure and food, closed down 2.80 rupees at 185.00 rupees. Over 2.1 million shares worth 391.3 million rupees changed hands during the day.

Three-large blocks of JKH shares of 271,000, 430,275 and 1 million parcels crossed the trading floor at 185.00 rupees a share each.

A separate block of 158,943 JKH shares was also sold at 187.80 rupees.

Central Finance PLC, one of the country’s largest finance houses, closed up 7.70 rupees to 131.00 rupees on trades of 554,718.

Brokers said two blocks of Central Finance of 275,000 share each, crossed the floor at a pre-agreed price of 135.00 rupees each.

Citrus Leisure PLC, which owns a few beach front properties, fell 1.70 rupees to 21.30 rupees on trades of 1.7 million shares.