Sri Lanka shares close lower

Minister appoints Dr Swaminathan to IPACSL as Chairperson

July 24, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent lower on Thursday with index heavy stocks losing ground, brokers said. Carson Cumberbatch closed 9.60 rupees lower at 480.00 rupees and Good Hope closed 440.00 rupees lower at 1,500.00 rupees, contributing most to the index drop.

Sri Lanka Telecom closed 80 cents lower at 55.20 rupees and Dialog Axiata closed 10 cents lower at 10.80 rupees.

Lion Brewery Ceylon closed 21.80 rupees lower at 641.30 rupees and Ceylon Tobacco Company closed 29.30 rupees higher at 1,129.50 rupees.

The Colombo benchmark All Share Price Index closed 2.58 points lower at 6,781.40, down 0.04 percent. The S&P SL20 closed 7.94 points lower at 3,767.20, down 0.21 percent.

Turnover was 950.21 million rupees, down from 1.03 billion rupees a day earlier with 106 stocks closed positive against 96 negative.

Commercial Bank closed 40 cents higher at 144.90 rupees with an off-market transaction of 43.50 million rupees changing hands at 145.00 rupees per share contributing 5 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented 7 percent of the turnover.

Lanka Century Investments closed 10 cents higher at 11.40 rupees, attracting most number of trades during the day.