ECONOMYNEXT – The Colombo Stock Exchange closed up on Thursday, data on its site showed.
The broader All Share Index closed up 0.99 percent, or 120.93 points, at 12,310; while the more liquid S&P SL20 Index closed up 1.60 percent, or 57.58 points, at 3,650.
Turnover was 1.5 billion. A large part of this came from the bank (Rs662mn) stocks.
Pan Asia Banking Corporation Plc saw the most active volumes (Rs104mn) traded in the day. The share closed down at 23.30.
Bank stocks were some of the largest contributors to the index and closed up; Sampath Bank Plc was up at 80.00, Commercial Bank of Ceylon Plc was up at 108.00, and Hatton National Bank Plc was up at 204.25.
Amana Bank Plc, which has announced a share consolidation, was the outlier in that it closed down at 2.30.
Other top contributors to the index included Ceylon Beverage Holdings Plc, which closed flat at 1,989.75), and LOLC Holdings Plc which closed up at 475.00.
Among the conglomerates John Keells Holdings Plc was up at 205.00, Melstacorp Plc was flat at 88.00, Hemas Holdings Plc was up at 87.40, Aitken Spence Plc was down at 132.00, and Hayleys Plc was up at 95.00.
It was not clear if the Telecommunications Regulatory Commission announcement that it had approved Starlink to provide satellite-based internet services in the island had any impact telco stocks. Dialog Axiata Plc closed down at 11.40, while Sri Lanka Telecom Plc closed up at 85.90.
There was a net foreign outflow of 30 million. (Colombo/Jun6/2024)