Sep 01, 2011 (LBO) - Sri Lanka's stock market closed higher Thursday with big deals by high-net-worth investor Dhammika Perera pushing turnover over eight billion rupees, brokers said.
The main All Share Price Index closed at 6,951.50, up 1.05 percent (72.21 points) while the more liquid Milanka index rose 1.09 percent (67.94 points) to close at 6,301.76, according to stock exchange figures.
Turnover was 8.8 billion rupees.
Dhammika Perera, deputy chairman and biggest single shareholder of Hayleys, increased his stake in the conglomerate further by buying a 4.71 percent stake or 3.5 million shares of Hayleys at 380 rupees each owned by the group's rubber gloves unit Dipped Products.
There were altogether seven crossings or off-market negotiated deals in Hayleys all at 380 rupees a share.
Hayleys closed at 381.40 rupees, up 18.80, with a total of 7.2 million shares traded.
In the other big transaction o the day, Perera sold a 51 percent stake in Amaya Leisure to the Hayleys group for 2.6 billion rupees, a stock exchange filing said.
The transactions of almost 24.5 million Amaya Leisure shares were done in five crossings by Hayleys and its subsidiaries all at 107 rupees a share.
Amaya Leisure manages its subsidiaries, Culture Club Resorts in north-central Dambulla and Kandyan Resorts in the central hills.
The company also acquired The Beach Resorts in Wadduwa on the south coast last year and sold Citrus Leisure, formerly known as Hotel Reefcomber.
source - www.lbo.lk
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