Sri Lanka shares end down 0.4-pct

May 06, 2014 (LBO) – Sri Lanka’s shares end 0.37 percent lower Tuesday with index heavy stocks losing ground, brokers said. JKH’s W0022 warrants closed 1.20 rupees lower at 64.10 rupees and its W0023 warrants closed 3.00 rupees lower at 68.90 rupees.

Commercial Bank closed 1.00 rupee lower at 126.50 rupees and LOLC closed 2.10 rupees higher at 80.00 rupees.

Dialog Axiata closed 10 cents higher at 9.50 rupees and Sri Lanka Telecom closed 30 cents higher at 48.00 rupees.

Colombo Dockyard closed 6.70 rupees higher at 196.70 rupees.

The Colombo benchmark All Share Price Index closed 23.30 points lower at 6,226.13 down 0.37 percent. The S&P SL20 closed 17.57 points lower at 3,424.12, down 0.51 percent.

Turnover was 1.30 billion rupees, up from 1.25 billion rupees a day earlier with 76 stocks close positive against 118 negative.

Seylan Bank non-voting closed 30 cents higher at 40.30 rupees with off market transactions of 479.93 million rupees contributing 37 percent of the turnover.

Expolanka Holdings closed 10 cents lower at 10.30 rupees with an off market transaction of 172.02 million rupees contributing 13 percent of the turnover while trading heavily on the market.

All off market deals accounted for 55 percent of the daily turnover.

HVA Foods closed 10 cents higher at 10.00 rupees and Laugfs Gas closed 40 cents higher at 37.40 rupees, attracting most number of trades.

Foreign investors bought 326.32 million rupees worth shares while selling 279.65 million rupees worth shares.

Ceylon Tobacco Company closed 16.90 rupees lower at 1,083.00 rupees and Nestle Lanka closed 38.90 rupees lower at 1,941.10 rupees, contributing most to the index drop.

Cargills Ceylon closed 4.20 rupees lower at 140.80 rupees and John Keells Holdings closed 90 cents lower at 234.10 rupees.