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Sri Lanka stocks up 1.51-pct, plantation stocks rally

Feb 01, 2010 (LBO) - Sri Lankan stocks surged Monday as retail investors were seen betting heavily on plantation stocks, while heavy institutional interest on John Keells Holdings (JKH) pushed turnover to almost 3.


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0 billion rupees, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,691.39 points, up 54.98 points, while the Milanka index of more liquid stocks gained 1.
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85 percent (77.22 points), to close at 4,259.01 points.

Turnover was 2.96 billion rupees.

"Investors took positions in selected counters with a medium term perspective in mind," Thakshila Hulangamuwa, vice president at stock brokering form Asha Phillip Securities said.

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"Plantations dominated today's gains, while John Keells pushed up turnover to almost 3.0 billion rupees."

Watawala Plantations closed at 130.00 rupees, up 11.00, Udapussellawa Plantations closed at 35.

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25 rupees, up 3.50 on thin volume trading.

Talawakelle Tea Estates closed at 33.

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25 rupees, up 6.25, Namunukula Plantations closed at 33.50 rupees, up 4.50, Malwatte Valley Plantations closed at 49.
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75 rupees, up 5.25 and Balangoda Plantations closed at 31.50 rupees, up 2.75.

Conglomerate JKH closed at 176.


25 rupees, down 25 cents, with over 6.
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1 million shares changing hands, while Distilleries Company of Sri Lanka, a unit of tea company Stassens Group closed at 119.
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75 rupees, up 2.25.

Commercial Bank closed at 195.25 rupees, up 5.00, Hatton National Bank closed at 176.00 rupees, down 1.00, Sampath Bank closed at 230.

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00 rupees, up 10.00 and Seylan Bank closed at 48.75 rupees, up 2.25.

DFCC Bank closed at 175.00 rupees, up 3.25, and National Development Bank closed at 210.

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75 rupees, up 4.00.

Dialog Telekom, a celco, closed flat at 6.75 rupees, and Sri Lanka Telecom, a fixed line operator closed flat at 42.



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00 rupees.

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