Friday January 22, 2021
ECONOMYNEXT – Sri Lanka stocks closed up 4.09 percent on breaking another record with renewed interest in banks, finance companies and Carsons Cumberbatch joining LOLC Holdings linked firms, brokers said.
Market capitalization grew to almost 3.699 trillion leaving investors 318 billion rupees over the week.
Colombo’s All Share Price Index gained 4.09 percent or 332.18 points to close at 8,463.43 breaking yesterday’s record of 8,131.25.
The index fell to an intra-day low of 8,260.21 in the first hour into trading but picked up pace.
The S&P SL20 index of more liquid stocks gained 3.62 percent or 115.62 points to close at 3,312.35.
The market turnover was 12.8 billion rupees with 139 stocks gaining and 79 falling.
LOLC Holdings gained 70.25 rupees or 25 percent to close at 351.25 rupees a share, contributing most for the ASPI gain, Brown and Company closed 24.48 percent higher or 41.25 rupees up at 209.75 rupees.
Carson Cumberbatch closed up 22.65 percent or 69.25 rupees up at 375.00 rupees.
Hatton National Bank closed 3.00 rupees up at 141.25 rupees, Commercial Bank of Ceylon gained 5.50 rupees to close at 99.20 rupees and DFCC Bank closed 2.10 rupees up at 74.00 rupees while Sampath Bank closed 2.25 rupees down at 163.25 rupees.
Nations Trust Bank gained 10 cents to close at 66.20 rupees while Pan Asia Banking Corporation fell 10 cents to 18.00 rupees and Seylan Bank fell 1.20 rupees to close at 63.50 rupees.
Central Finance Company gained 9.05 rupees to close at 101.25 rupees, LB Finance gained 12.25 rupees to close at 233.25 rupees and Citizens Development Business Finance gained 9.25 rupees or to close at 129.25 rupees.
Expolanka Holdings gained 4.40 rupees to close at 55.10 rupees, Access Engineering gained 50 cents to close at 31.00 rupees and Browns investments close 30 cents up at 6.90 rupees a share
In the hotel sector Eden Hotel Lanka closed 30 cents down at 13.10 rupees, Sigiriya Village hotel closed flat at 36.00 rupees while Aitken Spence Hotel holdings gained 90 cents to close at 35.70 rupees andJohn Keels Hotels closed 70 cents up at 12.00 rupees a share.
Hayleys group companies fell back from yesterdays highs.
Hayleys, fell 28.00 to close at 752.00 rupees a share with key subsidiaries Dipped Products falling 14.75 rupees to close at 561.25 rupees and Haycarb falling 61.25 rupees to close at 1,093.00 rupees.
Vallibel One fell 90 cents to close at 54.60 rupees a share. The Kingsbury Plc another subsidiary of Hayleys group closed 20 cents up at 15.00 rupees.
Sri Lanka Telecom closed 1.40 rupees down at 40.00 rupees while Melstacorp Plc closed 4.70 rupees up at 65.90 rupees.
John Keells Holdings closed 6.25 rupees up at 168.25 rupees a share and Richard Pieris Company closed 70 cents up at 16.10 rupees.
Ceylon Tobacco Company gained 18.00 rupees to close at 1,119.25 rupees, Distilleries Company gained 1.40 rupees to close at 24.50 rupees andCeylon Cold stores closed 50 cents up at 726.75 rupees.
EB Creasy and Company fell 571.00 rupees to close at 6,193.00 rupees while Hemas Holdings closed 5.90 rupeeup at 100.00 rupees.
Nestle Lanka closed 2.00 rupees down at 1,275.50 rupees and Dialog Axiata closed 20 cents down at 12.70 rupees.
Aitken Spence Plc closed 1.10 rupees down at 70.10 rupees and Carson Cumberbatch closed 69.25 rupees up at 375.75 rupees.
The Capital Goods Industry was the most active, gained 3.1 percent and Diversified Financials Industry which was also active gained 11.4 percent today. (Colombo/January 22/2021)