Sri Lanka shares close down 0.4-pct

Feb 07, 2014 (LBO) – Sri Lanka shares end 0.43 percent down Friday with tobacco and beverage stocks losing ground amid strong foreign selling, brokers said. Ceylon Tobacco Company on Friday declared 8.55 rupees of final dividend per share for the last year.

Commercial Bank closed 2.90 rupees lower at 120.10 rupees and Commercial Leasing and Finance closed 30 cents lower at 4.00 rupees.

Distilleries closed 2.60 rupees lower at 212.40 rupees and JKH closed 40 cents higher at 229.40 rupees.

Carson Cumberbatch ended 4.50 rupees higher at 346.70 rupees and Sri Lanka Telecom ended 40 cents higher at 38.10 rupees.

Cargills Ceylon closed 60 cents lower at 149.00 rupees and Bukit Darah ended 50 cents lower at 610.00 rupees.

The Colombo benchmark All Share Price Index closed 26.78 points lower at 6,141.72, down 0.43 percent. The S&P SL20 closed 0.09 points lower at 3,381.20, down 0.09 percent.

Turnover was 1.28 billion rupees, down from 3.74 billion rupees a day earlier, with stocks of 120 firms closing in the red against 57 gainers.

Dialog ended 30 cents higher at 9.40 rupees with 414.00 million rupees of off market transactions contributing to 32 percent of the turnover.

The aggregate value of all off market deals accounted for 48 percent of the daily market turnover.

JKH’s W0022 warrants closed 4.80 rupees lower at 66.30 rupees and its W0023 warrants closed 5.00 rupees lower at 69.70 rupees, attracting most number of trades during the day.

Foreigners bought 175.28 million rupees worth shares while selling 635.56 million rupees of shares.

Nestle Lanka ended 70.00 rupees lower at 2,100.00 rupees and Ceylon Tobacco Company closed 12.60 rupees lower at 1,252.40 rupees, contributing most to the index drop.