Colombo shares rises as Sri Lanka’s new Parliament sworn in.

ASI gained 38.66 points to close at 4077.55 while MPI closed at 4676.78, up 57.30 points. Healthy turnover of Rs 2.31 billion recorded for the day. Investors were confident with the strong government will benefit the Stock Market.

Ceylon Tobacco was up by 45.75 to close at Rs 319.75. Aitken Spence also gained 16.00 rupees to end the day at Rs 1426.00. Commercial Bank of Ceylon Plc closed at Rs 245.00, up seven rupees. Diversified Blue Chip Hayleys Plc was up by 9.25 to close at Rs 269.00. Hotel sector stocks also on upward trend with improved tourist arrivals. Over 27.6 million shares Hotel Services (Ceylon) Plc traded & closed one rupee higher at 31.50.

The only significant price decline recorded is Rs 60.00 drop in Selinsing Plc which was closed at Rs 400.00 but only on 100 shares. Total of 76 companies recorded gains while 75 companies lost their value during the trading. Dialog lost 25 cents to close at Rs 7.00 while JKH lost 1.50 to close at Rs 185.75.