Economy & Market

Sri Lanka stocks hold green trend during short week

Sri Lanka’s Colombo Stock Exchange was trending up midday Friday, as the market continued to stay green during the 3-day week, CSE data showed.

The All Share Price Index was up 0.65 percent, or 146.64 points, at 22,735.61.

The S&P SL20 was up 0.51 percent, or 31.99 points, at 6,262.75.

Top positive contributors to the ASPI were Central Finance (up 7.08 percent at Rs.257.00), Hayleys (up 2.39 percent at Rs.235.00), Hemas Holdings (up 2.53 percent at Rs.32.40), and Browns Investments (up 3.08 percent at Rs.6.70).

National Development Bank (down 1.90 percent at Rs.116.25), Melstacorp (down 0.56 percent at Rs.179.00), and Hatton National Bank (down 0.48 percent at Rs.412.75) were top negative contributors to the ASPI.

Market turnover was 2 billion rupees. Capital goods led turnover.

Commercial Bank said it has listed 14,236,841 voting shares and 984,260 non-voting shares after a scrip dividend. Voting stock was down 1.25 rupees at 210.00 during intraday trading.

Browns Beach Hotels said the trading of the securities will resume from April 17 and continue until April 27 for 7 Market Days. “Upon the conclusion of the period, trading of the securities of the Company shall be suspended in terms of Section 14.1.3 of the CSE Listing Rules.” The stock was up 4.80 rupees at 28.

source: Economy Next