Sri Lanka shares close up 0.2-pct

Apr 09, 2014 (LBO) – Sri Lanka’s shares close up 0.19 percent higher with index heavy stocks gaining amid strong foreign buying, brokers said. Bukit Darah closed 10.60 rupees higher at 574.80 rupees and John Keells Holdings closed 1.10 rupees higher at 239.90 rupees.

JKH’s W0022 warrants closed 10 cents lower at 69.20 rupees and its W0023 warrants also closed 10 cents lower at 73.10 rupees.

Ceylon Tobacco Company closed 23.90 rupees lower at 1,051.00 rupees and SLT closed 1.30 rupees lower at 47.60 rupees.

The Colombo benchmark All Share Price Index closed 11.39 points higher at 6,083.55 up 0.19 percent. The S&P SL20 closed 19.26 points higher at 3,345.96, up 0.58 percent.

Turnover was 1.32 billion rupees, up from 645.14 million rupees a day earlier with 107 stocks close positive against 62 negative.

Seylan Bank closed flat at 63.50 rupees with four off market transactions of 554.50 million rupees contributing to 42 percent of the daily turnover.

All off market transactions accounted for 55 percent of the turnover.

East West Properties closed 40 cents lower at 12.60 rupees and Sanasa Development Bank closed 4.60 rupees higher at 78.30 rupees, attracting most number of trades during the day.

Foreign investors bought 811.75 million rupees worth shares while selling 18.30 million rupees worth shares.

Lion Brewery Ceylon closed 18.00 rupees higher at 390.00 rupees and Ceylinco Insurance closed 55.80 rupees higher at 1,390.10 rupees.