Sri Lanka shares close down 0.3-pct

May 13, 2014 (LBO) – Sri Lanka’s shares closed 0.29 percent lower reversing the gains a day earlier with index heavy stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 18.20 points lower at 6,284.96 down 0.29 percent. The S&P SL20 closed 1.92 points lower at 3,478.99, down 0.06 percent.

Turnover was 757.85 million rupees, down from 866.48 million rupees a day earlier with 80 stocks close positive against 99 negative.

Shalimar closed 98.00 rupees lower at 1,600.00 rupees with market transactions of 148.06 million rupees contributing 20 percent of the daily turnover.

Ceylinco Insurance closed 27.80 rupees lower at 1,280.50 rupees with two off market transactions of 99.67 million rupees contributing 13 percent of the turnover.

Sierra Cables closed 10 cents higher at 2.20 rupees attracting most number of trades before the company temporary suspended its shares trading in the stock exchange.

Foreign investors bought 323.65 million rupees worth shares while selling 182.51 million rupees worth shares.

Sri Lanka Telecom closed 90 cents lower at 46.60 rupees and Ceylon Tobacco Company closed 8.20 rupees lower at 1,071.80 rupees, contributing most to the index drop.

Bukit Darah closed 10.90 rupees lower at 669.10 rupees and Trans Asia Hotels closed 4.90 rupees lower at 90.00 rupees.

NDB Capital Holdings closed 28.40 rupees lower at 470.10 rupees and Commercial Bank closed 50 cents higher at 129.00 rupees.

Lion Brewery Ceylon closed 15.00 rupees higher at 450.00 rupees and Cargills Ceylon closed 4.00 rupees higher at 145.00 rupees.

Carson Cumberbatch closed 1.80 rupees higher at 401.90 rupees and John Keells Holdings closed 50 cents lower at 234.50 rupees.

JKH’s W0022 warrants closed 50 cents lower at 63.50 rupees and its W0023 warrants also closed 50 cents lower at 69.50 rupees.