Sri Lankan stocks up 1.71 percent

Chandi Dharmaratne

May 16, 2012 (LBO) – Sri Lankan share prices continued to edge up Wednesday, driven largely by investor interest in Sampath Bank PLC and Asiri Medical Services Limited, brokers said. The benchmark All Share Price Index moved up 1.71 percent or 87.82 points to close at 5,213.68 while the more liquid Milanka Price Index gained 1.44 percent or 66.54 points to end at 4,683.43, according to Colombo Stock Exchange figures.

Wednesday’s turnover was 543.32 million rupees, an improvement from last week’s average of 400.00 million rupees.

Top trades in terms of turnover came from Sampath Bank PLC, on volumes of 658,005 shares. The counter fell 90-cents to close at 170.00 rupees.

A block of 324,977 Sampath shares crossed at 167.00 rupees (down 167.00 rupees) during mid-day trading.

Asiri Medical was flat at 8.00 rupees on volumes of 11,028,501 shares. Two large blocks of five million Asiri shares changed hands towards close of trade at 8.00 rupees.

Aitken Spence PLC, which has investments ranging from hotels, to logistics, saw its share price rise 3.60 rupees to 114.80 rupees on volumes of 490,066.

A block of 359,000 Aitken Spence shares crossed during early trade at 115.00 rupees (up 3.80 rupees).