Once again John Keells Holdings was up by 9 rupees to close at Rs 137.25 with heavy trading. Over 6.4 million JKH shares traded during the day & contributed Rs 865.5 million to the total turnover. ASI was up by 61.05 points (2.61%) to close at 2403.97 while more sensitive Milanka index gained 95.01 to close at 2713.09. Turnover was very impressive at Rs 2 billion.

With massive gains since last month probably Colombo Stock Exchange will be the best performing stock market in the world for this year.

Foreigners are also safe here with stable currency. Few months ago Central Bank allowed rupee to float freely. After steep decline from Rs 108 to 120 to 1 US$ now trading strongly at 115 per 1 US$.

Banking sector gained further. Commercial Bank of Ceylon Plc was up by 6.50 to close at Rs 135.50 while DFCC gained 6.75 to close at Rs 135.00. NDB closed the day 10.25 higher at Rs 145.50. Hatton National Bank also up by 3.75 to close at Rs 121.25.

Index heavy weight Sri Lanka Telecom was up by 2.50 to close at Rs 47.25.

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Filed under: CSE Daily Stock Market Report

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