ECONOMYNEXT- Sri Lanka’s stocks closed 0.60 percent higher on Tuesday with buying interest in John Keells Holdings, provisional data showed.
The All Share Price Index (ASPI) closed 31.57 points up at 5,291.28, after falling from a daily high of 5,304.60 at the end of the morning session.
The more liquid stocks on the S&P SL20 Index closed 0.79 percent or 19.25 points down at 2,466.15.
Market turnover was 330.6 million rupees with 77 stocks gaining and 31 falling.
Index-heavy John Keells Holdings contributed most to the ASPI gain, closing 2.20 rupees up at 138.20 rupees a share.
CT Holdings closed 13.60 rupees higher at 173.60 rupees a share, and Sri Lanka Telecom ended 1.20 rupees up at 23.50 rupees a share, also helping the ASPI gain.
Dialog Axiata was the most active stock, closing flat at 9 rupees a share.
Speculation was rife that Sri Lanka’s largest pension fund, the Employees’ Provident Fund, had chosen to re-enter the stock market with buying in Dialog or JKH.
Speculation of the EPF’s entrance snapped the market’s downward momentum on Thursday and the positive sentiment has carried on since, brokers said.(Colombo/May21/2019)