Sri Lanka stocks higher at close of trade; CSE All-Share up 0.52%

Sri Lanka stocks higher at close of trade; CSE All-Share up 0.52%

Sri Lanka stocks were higher after the close on Wednesday, as gains in theInformation Technology, Investment Trust and Plantations sectors led shares higher.

At the close in Colombo, the CSE All-Share gained 0.52% to hit a new 1-month high.

The best performers of the session on the CSE All-Share were Alliance Finance Company PLC (CM:ALLI), which rose 36.71% or 277.10 points to trade at 1031.90 at the close. Meanwhile, ACL Plastics PLC (CM:APLA) added 20.42% or 39.00 points to end at 230.00 and EB Creasy and Company PLC (CM:EBCR) was up 11.99% or 149.90 points to 1400.00 in late trade.

The worst performers of the session were Swadeshi Industrial Works PLC (CM:SWAD), which fell 23.91% or 3228.000 points to trade at 10272.000 at the close. Serendib LandPLC (CM:SLND) declined 23.25% or 386.20 points to end at 1275.00 and Ceylon Tea Services PLC (CM:CTEA) was down 14.95% or 123.90 points to 705.10.

Rising stocks outnumbered declining ones on the Colombo Stock Exchange by 139 to 63 and 46 ended unchanged.

Shares in Alliance Finance Company PLC (CM:ALLI) rose to 3-years highs; rising 36.71% or 277.10 to 1031.90. Shares in Swadeshi Industrial Works PLC (CM:SWAD) fell to 3-years lows; falling 23.91% or 3228.000 to 10272.000. Shares in ACL Plastics PLC (CM:APLA) rose to all time highs; gaining 20.42% or 39.00 to 230.00. Shares in Serendib Land PLC (CM:SLND) fell to 52-week lows; down 23.25% or 386.20 to 1275.00.

Crude oil for September delivery was down 1.08% or 0.46 to $42.31 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.71% or 0.32 to hit $44.66 a barrel, while the December Gold contract rose 0.89% or 12.05 to trade at $1358.75 a troy ounce.

GBP/LKR was up 0.00% to 188.985, while USD/LKR fell 0.35% to 145.110.

The US Dollar Index was down 0.52% at 95.56.