Colombo shares gain on Friday

News

The Colombo stock market returned a Rs. 1.2 billion turnover on Friday owing to heavy trading in blue chips, John Keells Holdings (JKH) and Commercial Bank.

One broker described the JKH share as 'one of the worst performing shares’ of this week, after the exchange resumed for the first time in nearly two months since the shutdown. The share was down to Rs. 80 and is now only 5.7 per cent of market capitalisation. As at last December it was at 8.3 per cent. It saw 10 million shares traded. Commercial saw 3.5 million shares traded, closing at Rs. 52.
The All Share Price Index was up by 1.04 per cent to close at 4,439.04 while the S&P Index was up by 3.38 per cent to end at 1,764.78 according to provisional figures. (DEC)

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