Sri Lankan stocks rose on Thursday, pushed up by heavy retail buying in a handful of select shares including rubber exporter C.W. Mackie and Co Ltd, brokers said. The key Colombo all-share index rose a provisional 0.54 percent or 7.78 points, to 1,450.81. The bourse has gained more than 36 percent so far this year.
C.W. Mackie was the most heavily traded share of the session, rising 3.23 percent to 24 rupees, after local paper Daily News reported the company's parent was considering selling a majority stake.
Neither company was available for comment on the report.
However, officials at the Colombo Stock Exchange told Reuters that the exchange had not yet been informed of any stake sale or management change at C.W. Mackie. Nawaloka Hospitals Ltd rose 2.44 percent to 31.50 rupees and supermarket chain Cargills (Ceylon) Ltd rose 6.79 percent to 299 rupees, also on retail buying.
Total market turnover was 239.7 million rupees with 45 million rupees of foreign purchases and 16 million rupees of foreign selling.
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