Stock market up as Mahinda assumes duties

The Colombo Stock Exchange’s (CSE) All Share Price Index (ASPI) closed 112.22 points or 1.92% up at 5,944.18 today, as newly appointed Prime Minister Mahinda Rajapaksa assumed duties.

The more liquid S&P SL20 index was up 61.26 points or 2.04% at 3,058.59.

The day’s turnover was Rs. 4,166 million.

John Keells Holdings (JKH) was the highest contributor to turnover with Rs. 2,768 million with over 21 million shares changing hands to close at Rs. 141. Hatton National Bank (HNB) contributed  Rs. 416 million to turnover with over 2 million shares changing hands to close at Rs. 210.

The biggest gainers were Blue Diamond, which rose 50.00% to close at Rs. 0.30 and Adam Capital which gained 33% to close at Rs. 0.40. The biggest losers were Printcare and Samson International, which both lost 16% to close at Rs. 25.10 and Rs. 80 respectively.

Meanwhile, the rupee slumped to a new record low today amidst panic buying of dollars by importers. The currency slid to 174.30 to the dollar, surpassing the previous record low of 173.08 hit on Friday.