Sri Lankan stocks up 1.35-pct during week

July 17, 2009 (LBO) - Sri Lankan shares closed up Friday with renewed interest on some selected blue chips, while retailers were seen actively going after plantation, hotels, and medium and small capped stocks, brokers said.

The benchmark Colombo All Share Price Index (ASPI) closed up 1.



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03 percent (24.47 points) to end at 2,395.02 Friday, while the Milanka index of liquid stocks gained 1.44 percent (37.84 points) to close at 2,671.27, according to provisional stock exchange data.
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Turnover was 468.5 million rupees.

During the week the ASPI was up 1.

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35 percent, while the Milanka index gained 1.16 percent.

On Friday there was net foreign selling worth 101.


3 million rupees, with foreign investors buying 100 million worth shares and selling shares valued at 201.6 million rupees, brokers said.

"The market was active today as retail investors were seen chasing behind hotels, plantations, and medium and small capped companies," said Geeth Balasuriya, research manager at Acuity Stockbrokers.

"There was strong interest on blue chips such as John Keells Holdings (JKH)."

Brokers said 1.38 million JKH shares changed hands today.

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Index heavy conglomerate JKH closed flat 130.00 rupees, while Distilleries Company of Sri Lanka, closed at 86.

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00 rupees, up 2.25, on thin volumes.

Sri Lanka Telecom closed at 45.50 rupees, up 50 cents, while Sri Lanka's largest celco, Dialog Telekom, closed at 5.

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25 rupees, up 25 cents.

Commercial Bank of Ceylon closed at 132.75 rupees, up 25 cents, while National Development Bank closed at 155.25 rupees, down 75 cents.

Balangoda Plantations closed at 23.25 rupees, up 1.00, while Agalawatte Plantations closed at 23.50 rupees, up 50 cents.

Kahawatte Plantations closed at 32.


50 rupees, up 1.50, while Kotagala Plantations close at 31.00 rupees, up 75 cents.

Udapussellawa Plantations closed at 30.50 rupees, up 3.50, while Tea Small Holder Factories closed at 100.00 rupees, up 2.00, on thin volumes.

Elpitiya Plantations closed at 62.

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00 rupees, up 4.00. Hotel Developers closed at 132.00 rupees, up 17.25, while John Keells Hotels closed flat at 12.50 rupees.

Aitken Spence Hotels closed at 149.50 rupees, up 25 cents, while Browns Beach Hotels closed at 44.50 rupees, up 1.50.

Taj Lanka Hotels closed at 17.50 rupees, up 75 cents.

The Lighthouse Hotel closed at 73.

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75 rupees, up 75 cents, on thin trading.

The spot dollar remained unchanged at 114.

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90/95 rupees in late afternoon trade, dealers said.

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