Sri Lanka shares close up 0.7-pct

July 09, 2014 (LBO) – Sri Lanka’s shares closed 0.73 higher on Wednesday crossing the 6,600 mark despite net foreign selling, brokers said.

The Colombo benchmark All Share Price Index closed 48.03 points higher at 6,613.84, up 0.73 percent. The S&P SL20 closed 29.95 points higher at 3,706.06, up 0.81 percent.

Turnover was 2.89 billion rupees, down from 1.74 billion rupees a day earlier with 153 stocks closed positive against 67 negative.

Pan Asia Banking Corporation closed 50 cents higher at 19.00 rupees with an off-market transaction of 537.38 million rupees changing hands at 20.00 rupees per share contributing 19 percent of the daily turnover.

Bukit Darah closed 5.50 rupees higher at 637.50 rupees with market transactions of 232.82 million rupees contributing 8 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented 36 percent of the turnover.

PCH Holdings closed 40 cents lower at 3.20 rupees and HVA Foods closed 50 cents higher at 10.20 rupees, attracting most number of trades during the day.

Foreign investors bought 269.09 million rupees worth shares while selling 547.66 million rupees worth shares.

Sri Lanka Telecom closed 1.90 rupees higher at 51.40 rupees and John Keells Holdings closed 3.00 rupees higher at 237.60 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 20 cents higher at 65.00 rupees and its W0023 warrants closed 60 cents higher at 76.00 rupees.

Ceylon Tobacco Company closed 33.30 rupees lower at 1,066.70 rupees and Nestle Lanka closed 13.40 rupees lower at 2,081.60 rupees.

The CSE said it had approved an application by Dunamis Capital to offer 10 million debentures of 100 rupees each.

Subscriptions will open on July 28 with First Capital is managing the debt issue.