Sri Lanka stocks rise 3.9 per cent higher; LOLC Holdings up

COLOMBO: Sri Lanka stocks soared 3.91 per cent higher reaching up 14 per cent so far in 2021, according to Economy Next.

The rupee meanwhile was defended around 193 to 194 to the US dollar, brokers and dealers said amid excess liquidity in money markets and low rates which had inverted forward premiums.

Colombo’s All Share Price Index gained 3.91 per cent or 291.34 points to close at 7,734.57, in a record daily point gain. It was the highest daily gain since 2012, NDB Stockbrokers said in a note to clients and cited by Economy Next.

The index is a tad below 7,812 reached on February 2011, but has topped 7,548 pointed reached on Nov. 18, 2014, Capital Trust Securities said.

The S&P SL20 index of more liquid stocks gained 4.90 per cent or 136.46 points to close at 2,918.63.

LOLC Holdings contributed most to the index gain on Friday, closing 45.25 rupees up at 226.75 rupees a share, Economy Next reported.