Sri Lanka Stock Picks

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Wednesday, December 29, 2010

Sri Lanka shares end up 0.3-pct

Dec 28, 2010 (LBO) - Sri Lankan stocks closed higher Tuesday with investors focusing on the banking sector, brokers said.
The All Share Price Index closed at 6,641.08, up 0.30 percent (19.57 points) while the more liquid Milanka index rose 0.53 percent (37.09 points) to close at 7,063.65, according to stock exchange provisional figures.

Turnover was 1.6 billion rupees.

Sampath Bank closed at 272.40, up 1.60 rupees while DFCC closed at 202.00, up 1.80 rupees.

Hatton National Bank non-voting shares closed at 209.40, up 4.40 rupees with over 850,000 shares done.

Heavily traded Distilleries Company stocks closed at 170.60, down 0.60 cents with over 887,000 shares done.

JKH closed at 302.20, down 0.80 cents.

Hotel Reefcomber, which announced a deal to build a beach resort, closed at 43.20, up 0.30 while Merchant Bank of Sri Lanka, whose chief executive was suspended for alleged misconduct, closed at 46.50, up 0.20 cents. (Ends)

source - www.lbo.lk