Sri Lanka stocks recover losses

Jan 26, 2012 (LBO) – Sri Lanka’s stock closed up 0.65 percent Thursday recovering losses for the second day, with turnover rising, and index heavy John Keells Holdings reported higher profits for the quarter. The benchmark Colombo All Share Index rose 36 points to close at 5,592.4 points and the Milanka Index of more liquid stocks rose 0.45 percent, 21.5 points to close at 4,758 points, provision stock exchange data showed.

Turnover was 2.2 billion rupees.

Aviva NDB Insurance rose 8.30 rupees to 240.00, CT Holdings rose 7.00 to 165.00 rupees, Carsons Cumberbatch rose 9.50 to 499.50 rupees, Ceylon Tea Services rose 32.50 to 632.50 rupees and Diesel and Motor Engineering rose 49.90 rupees to 1,199.90.

Ascot Holdings rose 2.50 to 150.30, Amaya Leisure rose 4.30 to 74.90 rupees.

United Motors which reported strong earnings rose 5.0 rupees to 135.00 rupees and John Keells Holdings which reported earnings after close of market rose 3.40 rupees to 163.40 rupees.

Aitken Spence fell 50 cents to 109.50 rupees.

Active trading was seen in Blue Diamonds Jewelry which fell 50 cents to 7.50.