Sri Lanka shares close up 0.1-pct

June 10, 2014 (LBO) – Sri Lanka’s shares closed higher for the second consecutive day with finance stocks gaining amid thin net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,293.64, up 0.11 percent. The S&P SL20 closed 4.43 points higher at 3,484.12, up 0.13 percent.

Turnover was 886.88 million rupees, down from 1.40 billion rupees a day earlier with 89 stocks closed positive against 85 negative.

Distilleries closed 40 cents lower at 205.60 rupees with market transactions of 74.05 million rupees changing hands at 205.00 rupees per share contributing 8 percent of the daily turnover.

John Keells Holdings closed 30 cents lower at 234.50 rupees with three off-market transactions of 91.03 million rupees changing hands at the same price per share contributing 10 percent of the turnover.

JKH’s W0022 warrants closed 90 cents lower at 63.00 rupees and its W0023 warrants closed flat at 73.00 rupees.

Fresh entrant Adam Investments closed 1.00 rupee higher at 4.00 rupees after reaching at 4.10 rupees per share while attracting most number of trades during the day.

Foreign investors bought 256.69 million rupees worth shares while selling 251.68 million rupees worth shares.

Lanka Orix Leasing closed 4.50 rupees higher at 85.00 rupees and Nestle Lanka closed 39.10 rupees higher at 1,949.70 rupees, contributing most to the index gain.

Dialog Axiata closed 10 cents higher at 10.00 rupees and Sri Lanka Telecom closed 10 cents higher at 47.60 rupees.

Commercial Leasing and Finance closed 10 cents higher at 4.10 rupees and Lanka Orix Finance closed flat at 3.80 rupees.

Carson Cumberbatch closed 3.00 rupees higher at 405.00 rupees and Browns Investments closed 40 cents lower at 1.80 rupees.

Ceylon Tobacco Company closed 17.00 rupees lower at 1,000.00 rupees.