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Jun 14, 2010

Sri Lanka Stock Market Update - 14th June 2010

Sri Lankan shares closed at a new high passing 4,600 points on the benchmark index Monday, pushed up by selected index-heavy blue chips, while retail investors took profits on mid and small-cap stocks, brokers said.

The All Share Price Index closed at 4,612.76, up 51.43 points, while the Milanka index of more liquid stocks rose 1.45 percent (74. 29 points) to close at 5,257.08. Turnover was 1.7 billion rupees, according to stock exchange provisional figures.

Brokers said gains in selected high value stocks pushed the market up.

Retail investors will continue to take profits and re-invest in shares that offer better short-term returns, brokers said.

John Keells Holdings, an index heavy stock, closed at 204.00 rupees, up 3.75, Aitken Spence closed at 1,600.00 rupees, up 25 cents, Hayleys closed at 314.00 rupees, up 4.75 and Hemas Holdings closed at 179.00 rupees, up 5.00.

Colombo Dockyard closed at 270.00 rupees, up 10.00, Chevron Lubricants closed at 165.00 rupees, up 1.00, Ceylon Tobacco Company closed at 310.00 rupees, up 10.00, Carson Cumberbatch closed at 587.50 rupees, up 9.00 and Aviva NDB Insurance closed at 215.25 rupees, up 5.25.

The Bukit Darah, a palm oil company, closed at 4,689.75 rupees, up 45.75 on thin volumes traded.

Celco Dialog Telekom closed at 9.00 rupees, up 25 cents, and Sri Lanka Telecom, a fixed line operator, closed at 38.00 rupees, up 25 cents.
Commercial Bank closed at 279.00 rupees, down 1.00, Hatton National Bank closed at 203.00 rupees, down 1.00, Nations Trust Bank closed at 49.00 rupees, up 1.25, Sampath Bank closed at 347.50 rupees, up 1.75 and Seylan Bank closed at 71.25 rupees, up 2.50.

National Development Bank closed at 251.25 rupees, up 4.25, and DFCC Bank closed at 273.50 rupees, up 8.25.

Arpico Finance closed at 73.00 rupees, down 2.00, Amaya Leisure closed at 89.00 rupees, down 1.00, Ceylinco Insurance closed at 272.00 rupees, down 3.00, Ceylon Hospitals closed at 110.00 rupees, down 4.00 and Diesel and Motor Engineering (DIMO) closed at 620.00 rupees, down 5.00.

Courtesy - LBO

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