Sri Lanka shares close down 0.3-pct

Oct 20, 2014 (LBO) – Sri Lanka’s shares closed lower starting the week on a negative note with Commercial Bank and Nestle Lanka contributing most to the index drop, brokers said.

The Colombo benchmark All Share Price Index closed 21.02 points lower at 7,213.45, down 0.29 percent. The S&P SL20 closed 21.39 points lower at 4,008.16, down 0.53 percent.

Turnover was 864.49 million rupees, down from 1.02 billion rupees last Friday with 67 stocks closed positive against 127 negative.

Seylan Developments closed 30 cents lower at 14.70 rupees with an off-market transaction of 72.50 million rupees changing hands at 14.50 rupees per share contributing 8 percent of the turnover.

Seylan Bank closed 2.00 rupees higher at 90.00 rupees with market transactions of 90.71 million rupees contributing 10 percent of the turnover.

Capital Alliance Finance closed 2.20 rupees higher at 19.80 rupees, Alufab closed 90 cents lower at 30.10 rupees and First Capital Holdings closed 40 cents lower at 52.90 rupees, attracting most number of trades during the day.

Foreign investors bought 74.14 million rupees worth shares while selling 65.74 million rupees worth shares.

Commercial Bank of Ceylon closed 2.80 rupees lower at 160.90 rupees and Nestle Lanka closed 19.80 rupees lower at 2,080.20 rupees, contributing most to the index drop.

C T Holdings closed 5.00 rupees lower at 155.00 rupees and John Keells Holdings closed 80 cents lower at 247.20 rupees.

JKH’s W0022 warrants closed 80 cents lower at 73.00 rupees and its W0023 warrants closed 60 cents lower at 76.10 rupees.

Oil palm firms Shalimar (Malay) closed 110.00 rupees lower at 1,690.00 rupees and Good Hope closed 149.80 rupees higher at 1,750.00 rupees.

Commercial Leasing and Finance closed 30 cents higher at 4.80 rupees.