ECONOMYNEXT – The Colombo Stock Exchange closed up on Tuesday, data on its site showed.
The broader All Share Index closed up 1.16 percent, or 137.86 points, at 11,992; while the more liquid S&P SL20 Index closed up 1.95 percent, or 67.51 points, at 3, 520.
The ASPI crossed the 12,000 mark near close of trade before edging back down.
Turnover was 3.5 billion. Banking stocks were major contributors (Rs1.5bn).
Top contributors to the ASPI were Hatton National Bank (up at 214.25), John Keells Holdings (up at 184.00), Commercial Bank (up at 103.00), DFCC Bank (up at 80.00), and Sampath Bank (up at 79.00).
There was a net foreign outflow of 503 million rupees.
Ceylon Hospitals Plc said it had resolved to amalgamate with its subsidiary Durdans Heart Centre (Pvt) Ltd, subject to obtaining the approval of the shareholders.
The amalgamation will be effected by way of a share swap, where shareholders of DHC will be offered ordinary voting shares in the proportion of 0.2933) ordinary voting shares of CHPLC for each ordinary voting share held in DHC.
Shareholders of DHC shall also be given a cash option of 33 rupees per ordinary share if they exercise the cash option.
Trading of CHL.N0000 (last traded at 116.00) and CHL.X0000 (last traded at 90.00) were halted pending the disclosure. (Colombo/Oct1/2024)