Colombo shares rise
Colombo shares rose on Monday amid improved interest on blue-chip
counters. Announcement made by Dialog Axiata about the acquisition of
26% stake in Digital Commerce, which owns Anything.lk e-commerce site,
drove the activities levels of the counter and DIAL closed at LKR 8.10
after hitting an intra-day high of LKR 8.20. DIAL became the highest
contributor (LKR 192.1mn) to the market turnover supported by the four
crossing totaling to 19.4mn shares. John Keells Holdings (LKR 91.2mn)
and Nestle Lanka (LKR 86.4mn) were the other notable contributors to the
Dividend-paying stocks were in the spotlight today with Nestle Lanka
(LKR 1,454.0,+6.1%) and Ceylon Tobacco (LKR 750.0,+5.5%) reaching the 52
The ASI advanced 14.46 points (+0.3%) to 5,404.86 while MPI increased
by 12.52 points (+0.3%) to 4,906.14. The S&P LK 20 index added 5.49
points (+0.2%) to trade at 2,958.11. The turnover was LKR 560.5mn. Only
three sectors in the index gained today namely beverage, food and
tobacco sector, manufacturing sector and the financial service sector.
Among the top performers were NDB Capital Holdings with a gain of
11.6%, Ceylinco Insurance-non voting with a gain of 9.0% and Lanka Milk
Foods with an increase of 7.1%.
Foreigners dominated the market activity, accounting for 67% of the
market turnover and were net buyers of LKR 174mn worth of shares.