Sri Lanka stocks close higher 0.06-pct
Jun 22, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.06 percent with index heavy stocks showing gains, Monday, brokers said.
The Colombo benchmark All Share Price Index (ASPI) closed 4.50 points higher at 7,039.65 up 0.06 percent.
The S&P SL20 closed 6.41 points higher at 3,912.69 up 0.16 percent.
Turnover was 489 million rupees, down from 635 million rupees Friday with 54 stocks closing positive against 79 negative.
“Political uncertainty is keeping investors away,” Lanka Securities said.
The main index showed gains in Nestle Lanka closing at 2,124.80 rupees, up 123.50 rupees and John Keells Holding closing at 200.10 rupees, up 2.30 rupees.
Dialog closed flat at 11.00 rupees.
In Banking, Sampath Bank closed at 259.30 rupees, up 1.00 rupee and Commercial Bank closed at 161.60 rupees, down 0.50 rupees.
DFCC closed at 200.00 rupees, down 0.10 rupees with two off the floor trades amounting to 416,000 shares at 200.00 rupees.
The term political uncertainty may be a misnomer.There is the recently elected Executive president with political parties preparing for an election on the the day he decids.Political showmen ship & speaches is normal in a democracy.Consider how past presidents from JRJ,RP,CBK,MR,archived for the country progress for people for generations to remember using the same Precidency(Enormous economic progress,Implementation of original ideas for the benifit of the people,unifying the country ect ect).(sundry tools resignation letters,vanishing petitions,majority of opposition sitting with presidents for stability ).
The seasoned politician MS is driving the same vehiical with a yahapalana board.Howevr The dragon has not yet even waged the tail.Outcome that is sure to come is it a mixture of the past grate presidents or
some thing original ?)Could be a .Lesson for scholers.