Sri Lanka shares end down 0.1-pct

Apr 07, 2014 (LBO) – Sri Lanka’s shares end in the red Monday with finance and insurance sector losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.17 points lower at 6,048.38 down 0.10 percent. The S&P SL20 closed 1.67 points lower at 3,321.43, down 0.05 percent.

Turnover was 537.61 million rupees, down from 5.04 billion rupees last Friday with 75 stocks close positive against 77 negative.

Commercial Bank closed flat at 125.00 rupees with market transactions of 152.22 million rupees contributing to 28 percent of the turnover and two off market transactions of 50.90 million rupees contributing to 9 percent of the turnover.

Asia Asset Finance also closed flat at 2.00 rupees and Lanka IOC closed 30 cents higher at 40.00 rupees, attracting most number of trades during the day.

Foreign investors bought 289.41 million rupees worth shares while selling 78.31 million rupees worth shares.

LOLC closed 2.90 rupees lower at 75.10 rupees, Ceylinco Insurance closed 64.30 rupees lower at 1,334.30 rupees and Cargills Ceylon closed 5.20 rupees lower at 136.80 rupees, contributing most to the index drop.

Bukit Darah closed 6.30 rupees lower at 564.20 rupees and Carson Cumberbatch closed 3.20 rupees lower at 365.00 rupees.

Asian Hotels and Properties closed 1.00 rupee higher at 63.00 rupees and John Keells Holdings closed 1.70 rupees higher at 234.40 rupees.

JKH’s W0022 warrants closed 80 cents lower at 68.00 rupees and its W0023 warrants closed 1.20 rupees lower at 71.10 rupees.

HNB closed 1.00 rupee higher at 153.00 rupees and L B Finance closed 50 cents higher at 101.50 rupees.

Ceylon Tobacco Company closed 10 cents lower at 1,074.90 rupees and Nestle Lanka closed 9.90 rupees lower at 1,990.00 rupees.

Dialog Axiata closed 10 cents higher at 9.10 rupees.