Sri Lanka shares close higher

May 20, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent higher Tuesday with index heavy stocks gaining despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 2.37 points higher at 6,321.61 up 0.04 percent. The S&P SL20 closed 7.31 points higher at 3,480.10, up 0.21 percent.

Turnover was 416.61 million rupees, down from 589.93 million rupees a day earlier with 61 stocks closed positive against 104 negative.

Aitken Spence closed flat at 101.00 rupees with market transactions of 69.86 million rupees contributing 17 percent of the daily turnover.

Kuruwita Textile Mills closed 7.90 rupees higher at 28.80 rupees and Vallibel One closed 30 cents higher at 20.70 rupees, attracting most number of trades during the day.

Foreign investors bought 122.54 million rupees worth shares while selling 139.82 million rupees worth shares.

Lion Brewery Ceylon closed 13.50 rupees higher at 449.90 rupees and HNB closed 2.90 rupees higher at 157.90 rupees, contributing most to the index gain.

Dialog Axiata closed 10 cents higher at 9.80 rupees and Sri Lanka Telecom closed flat at 48.30 rupees.

Commercial Bank closed 1.00 rupee lower at 128.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 3.90 rupees.

Aitken Spence Hotel Holdings closed 1.50 rupees lower at 77.00 rupees and John Keells Hotels closed 10 cents lower at 15.10 rupees.

AIA Insurance closed 12.90 rupees lower at 287.00 rupees and John Keells Holdings closed flat at 234.00 rupees.

JKH’s W0022 warrants closed 1.70 rupees lower at 62.30 rupees and its W0023 warrants closed 1.20 rupees lower at 69.00 rupees.