Sri Lanka shares close higher

July 28, 2014 (LBO) – Sri Lanka’s shares closed higher on Monday with oil palm firms gaining amid weak foreign buying, brokers said.

The Colombo benchmark All Share Price Index closed 0.63 points higher at 6,784.27, up 0.01 percent. The S&P SL20 closed 3.47 points lower at 3,761.43, down 0.09 percent.

Turnover was 493.10 million rupees, down from 1.23 billion rupees last Friday with 101 stocks closed positive against 88 negative.

F L C Holdings closed 10 cents higher at 2.20 rupees, attracting most number of trades during the day.

Foreign investors bought 136.65 million rupees worth shares while selling 18.23 million rupees worth shares.

Carson Cumberbatch’s oil palm firms Good Hope closed 370.00 rupees higher at 1,870.00 rupees and Shalimar (Malay) closed 144.20 rupees higher at 2,000.00 rupees, contributing most to the index gain.

Cargills Ceylon closed 4.80 rupees higher at 154.80 rupees and Ceylon Tobacco Company closed 28.40 rupees lower at 1,101.10 rupees.

John Keells Holdings closed 70 cents lower at 238.00 rupees.

JKH’s W0022 warrants closed 1.00 rupee higher at 65.00 rupees and its W0023 warrants closed 2.20 rupees higher at 74.00 rupees.