Sri Lanka stocks close down 0.1-pct

Sep 24, 2014 (LBO) – Sri Lanka’s stocks closed 0.09 percent lower with the losses in counters such as Commercial Leasing and Finance and Bukit Darah, brokers said. Ceylon Tobacco Company closed 5.00 rupees higher at 1,160.00 rupees and John Keells Holdings closed 90 cents higher at 254.80 rupees.

Cargills Ceylon closed 2.80 rupees higher at 168.00 rupees.

Deshodaya Development Finance Company has purchased 15,806,250 voting ordinary shares, acquiring 70.25 percent of the issued share capital of George Steuart Finance, a stock exchange filing said.

The Colombo benchmark All Share Price Index closed 6.21 points lower at 7,254.43, down 0.09 percent. The S&P SL20 closed 7.46 points lower at 4,022.63, down 0.19 percent.

Turnover was 1.53 billion rupees, down from 2.18 billion rupees a day earlier with 90 stocks closed positive against 108 negative.

The aggregate value of all off-the-floor deals represented 10 percent of the daily turnover.

George Steuart Finance closed 30 cents higher at 30.40 rupees, attracting most number of trades during the day.

Commercial Leasing and Finance closed 20 cents lower at 4.60 rupees and Bukit Darah closed 10.10 rupees lower at 725.00 rupees, contributing most to the index drop.

Ceylon Cold Stores closed 6.90 rupees lower at 238.10 rupees and Nestle Lanka closed 19.40 rupees higher at 2,129.50 rupees.