Sri Lanka stocks close 0.4-pct lower

Feb 03, 2014 (LBO) – Sri Lanka stocks close lower Monday with diversified and finance stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 28.74 points lower at 6,219.34, down 0.46 percent. The S&P SL20 closed 12.03 points lower at 3,431.22, down 0.35 percent.

Turnover was 1.10 billion rupees, down from 1.33 billion rupees last Friday, with stocks of 104 firms closing in the red against 74 gainers.

JKH topped the turnover contribution with five off market transactions of 188.00 million rupees contributing to 17 percent of the turnover.

The aggregate value of all off market deals accounted for 23 percent of the daily market
turnover.

Nation Lanka Finance closed 30 cents higher at 9.60 rupees and Trade Finance and Investments closed 10 cents higher at 19.80 rupees, attracting most number of trades during the day.

Foreigners bought 523 million rupees worth shares while selling 233 million rupees of shares.

JKH closed 5.00 rupees lower at 235.00 rupees and George Steuart Finance closed 70.90 rupees lower at 376.10 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 1.20 rupees lower at 72.90 rupees and its W0023 warrants closed 60 cents lower at 77.50 rupees.

Ceylon Tobacco Company closed 4.30 rupees lower at 1,283.60 rupees and SLT closed 50 cents lower at 36.00 rupees.

Carson Cumberbatch ended 4.40 rupees higher at 349.40 rupees and Distilleries closed 1.10 rupees higher at 211.10 rupees.

John Keells Hotels ended 30 cents higher at 12.80 rupees and Cargills Ceylon closed flat at 153.90 rupees.

Nestle Lanka ended 6.60 rupees lower at 2,175.00 rupees and Bukit Darah ended 30 cents lower at 612.30 rupees.

Aitken Spence closed 1.90 rupees lower at 101.50 rupees and LOLC closed 50 cents higher at 75.00 rupees.