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Sri Lanka stocks higher at close of trade; CSE All-Share up 1.21%

Published 03/11/2016, 05:45 AM
Updated 03/11/2016, 05:45 AM
© Reuters.  Sri Lanka stocks higher at close of trade; CSE All-Share up 1.21%

Investing.com – Sri Lanka stocks were higher after the close on Friday, as gains in the Construction & Engineering, Telecoms and Power & Energy sectors led shares higher.

At the close in Colombo, the CSE All-Share gained 1.21%.

The best performers of the session on the CSE All-Share were Madulsima Plantations PLC (CM:MADU), which rose 25.00% or 1.60 points to trade at 8.00 at the close. Meanwhile, Tea Smallholder Factories PLC (CM:TSML) added 25.00% or 4.50 points to end at 22.50 and Good Hope PLC (CM:GOOD) was up 23.24% or 282.90 points to 1500.00 in late trade.

The worst performers of the session were Equity Two PLC (CM:ETWO), which fell 24.53% or 15.60 points to trade at 48.00 at the close. Kalamazoo Systems PLC (CM:KZOO) declined 23.08% or 600.10 points to end at 2000.00 and Serendib Land PLC (CM:SLND) was down 19.77% or 418.80 points to 1700.00.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 163 to 30 and 43 ended unchanged.

Shares in Equity Two PLC (CM:ETWO) fell to 52-week lows; down 24.53% or 15.60 to 48.00.

Crude oil for April delivery was up 2.54% or 0.96 to $38.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 2.00% or 0.80 to hit $40.85 a barrel, while the April Gold contract fell 0.61% or 7.80 to trade at $1265.00 a troy ounce.

GBP/LKR was down 1.44% to 203.085, while USD/LKR fell 1.88% to 142.280.

The US Dollar Index was up 0.45% at 96.62.

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