Sri Lanka stocks close up, pushed by banks

ECONOMYNEXT – The Colombo Stock Exchange closed up on Monday, data on its site showed.

The broader ASPI closed up 0.58 percent, or 74.86 points, at 12,875; while the more liquid S&P SL20 Index closed up 0.91 percent, or 34.94 points, at 3,866.

Turnover was 2.4 billion.

Banking sector stocks brought in over 1 billion of the turnover.

Top contributors to the ASPI were Commercial Bank (up at 118.25), Ceylon Tobacco (up at 1,270.00), Melstacorp (up at 104.00), Hatton National Bank (230.00) and National Development Bank (up at 85.80).

Other banking stocks saw mixed sentiments; Sampath Bank (up at 89.10), DFCC Bank (down at 80.80).

Vidullanka announced it will be listing new ordinary voting (up at 14.00) and non-voting (down at 10.00) shares to be issued by way of a scrip dividend.

The company said it would issue 1 ordinary voting share for every 11.81224850 shares, and 1 ordinary non-voting share for every 7.44832599 shares.

Ceylon Tobacco Company (up at 1,270.00) announced a third interim dividend of 40.9 a share.

There was a net foreign outflow of 23 million rupees. (Colombo/Nov11/2024)

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