Sri Lanka stocks close up 0.3-pct

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

Jan 10, 2011(LBO) – Sri Lanka benchmark index closed 0.36 percent higher Monday with active retail trading, broadbased gains, brokers said.

Dialog Axaita shares closed at 11.80, down 0.20 cents with over six million shares done. The All Share Price Index closed at 6,916.63, up 0.36 percent (24.67 points) while the Milanka Price Index of more liquid stocks closed at 7,281.83, down 0.07 percent (05.05 points) according to stock exchange provisional figures.

Turnover was five billion rupees. There were 99 gainers and 109 losers.

“Lot of interest was seen in the banking sector mainly Sampath Bank,” brokers said.

Sampath Bank closed at 294.90, up 4.10 rupees with over 1.3 million shares changing hand with two crossing of 500,000 shares at 300.00 done.

Commercial Bank closed at 274.60, up 0.60 cents and DFCC closed at 204.60, 2.20 rupees.

The biggest contributor to trading was Laugfs Gas with its voting shares closing at 42.00, up 5.40 with over 14 million shares traded. Non-voting shares closed at 37.50, up 7.70 with 8.8 million shares changing hands.

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