Sri Lanka shares close up 0.4-pct

May 08, 2014 (LBO) – Sri Lanka’s shares closed 0.37 percent higher for the second consecutive day with index heavy stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 23.13 points higher at 6,275.73 up 0.37 percent. The S&P SL20 closed 12.81 points higher at 3,446.76, up 0.37 percent.

Turnover was 935.21 million rupees, down from 1.00 billion rupees a day earlier with 115 stocks close positive against 73 negative.

Distilleries closed 20 cents higher at 206.20 rupees with three off market transactions of 113.26 million rupees contributing 12 percent of the turnover.

All off market deals accounted for 38 percent of the daily turnover.

Lanka IOC closed 1.00 rupee higher at 44.00 rupees with market transactions of 95.19 million rupees contributing 10 percent of the turnover while attracting most number of trades.

ACME Printing and Packaging closed 1.10 rupees higher at 12.80 rupees and Softlogic Holdings closed flat at 12.50 rupees, trading heavily on the counters.

Foreign investors bought 366.91 million rupees worth shares while selling 229.09 million rupees worth shares.

Nestle Lanka closed 45.00 rupees higher at 1,985.00 rupees and Bukit Darah closed 17.00 rupees higher at 629.80 rupees, contributing most to the index gain.

Asian Hotels and Properties closed 2.30 rupees higher at 67.20 rupees and LOLC closed 1.90 rupees higher at 80.00 rupees.

Dialog Axiata closed 10 cents higher at 9.40 rupees and Sri Lanka Telecom closed 10 cents lower at 48.00 rupees.

Lion Brewery Ceylon closed 4.80 rupees lower at 430.20 rupees and John Keells Holdings closed 40 cents lower at 234.60 rupees.

JKH’s W0022 warrants closed 80 cents lower at 63.20 rupees and its W0023 warrants closed 10 cents higher at 69.90 rupees.

Asiri Hospital Holdings closed 50 cents lower at 22.00 rupees and Royal Ceramics Lanka closed 2.70 rupees lower at 103.20 rupees.