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Jun 4, 2010

Sri Lanka Stock Market Update - 4th June 2010

Sri Lankan stocks closed at a new high Friday, boosted by gains on index heavy shares, with Nations Trust Bank (NTB) and Pan Asia Banking Corporation (PABC) shares were heavily traded, brokers said.

The All Share Price Index (ASPI) closed at 4,354.20, up 21.91 points, while the Milanka index of more liquid stocks rose 1.01 percent (49.70 points) to close at 4,968.34.
Turnover was 2.87 billion rupees, according to stock exchange provisional figures.

Brokers said there was high interest on banking sector stocks.

NTB closed at 44.75 rupees, up 2.50, with over 1.9 million shares changing hands, and PABC closed at 28.00 rupees, up 1.25 with almost 2.5 million shares traded, brokers said.

Commercial Bank closed at 266.75 rupees, down 25 cents, Hatton National Bank closed at 271.75 rupees, down 25 cents, Sampath Bank closed at 339.50 rupees, up 29.25 and Seylan Bank closed at 58.50 rupees, up 50 cents.

Brokers said high interest on blue chip stocks may ease next week as retail investors are likely to cash-in and look for bargains in mid and low cap stocks.

Aitken Spence closed at 1,555.00 rupees, up 3.25, Hayleys closed at 300.00 rupees, down 75 cents, Hemas Holdings closed at 149.00 rupees, down 1.00 and index heavy John Keells Holdings closed at 192.00 rupees, up 4.00.
At end of trade foreigner bought 188 million rupees worth of shares and sold 747 million, resulting a net foreign outflow of 559 million rupees, brokers said.

Courtesy - LBO


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