Sri Lanka shares close flat

June 11, 2014 (LBO) – Sri Lanka’s shares closed flat on Wednesday despite strong foreign buying, brokers said. Lanka Orix Leasing Company closed 2.30 rupees higher at 87.30 rupees and Lion Brewery Ceylon closed 7.90 rupees higher at 433.00 rupees.

John Keells Hotels closed 40 cents higher at 15.30 rupees and Aitken Spence Hotel Holdings closed 1.80 rupees lower at 75.10 rupees.

Commercial Bank of Ceylon closed 50 cents higher at 132.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees.

The Colombo benchmark All Share Price Index closed 0.28 points lower at 6,293.36. The S&P SL20 closed 7.54 points lower at 3,476.58, down 0.22 percent.

Turnover was 1.40 billion rupees, up from 886.88 million rupees a day earlier with 114 stocks closed positive against 68 negative.

John Keells Holdings closed flat at 234.50 rupees with eleven off-market transactions of 582.07 million rupees changing hands at the same price per share contributing 41 percent of the turnover.

JKH’s W0022 warrants closed flat at 63.00 rupees and its W0023 warrants closed 90 cents lower at 72.10 rupees.

Adam Investments closed 30 cents higher at 4.30 rupees and Trade Finance and Investments closed 1.90 rupees higher at 21.00 rupees, attracting most number of trades during the day.

Foreign investors bought 899.15 million rupees worth shares while selling 636.28 million rupees worth shares.