Sri Lanka stocks close down 0.2-pct: Budget concerns

Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Thursday a third consecutive session with investors keeping on the sidelines over budget concerns, brokers said.

The Colombo benchmark All Share Price Index closed down 12.88 points at 7,006.35 lower 0.18 percent. S&P SL20 closed 9.39 points lower at 3,781.22 down 0.25 percent.

Turnover was 579 million rupees, up from 547 million rupees on Wednesday with 41 stocks closing positive against 75 negative.

The main index showed losses in Nestle Lanka closing at 2,049.30 rupees, down 50.70 rupees.

Lanka IOC closed at 37.30 rupees, down 4.30 rupees.  The company a unit of Indian Oil Company, has reported 373 million rupees loss in September 2015 quarter against 1.1 billion rupees profit reported a year earlier, interim accounts filled with the CSE showed.

Commercial Bank closed at 154.00 rupees, down 1.00 rupees with the stock hitting a 52 week low price of 154.00 rupees.

Aasiri Hospitals closed at 24.50 rupees, up 1.00 rupees with 172,000 shares traded off the floor at 24.00 rupees.

Foreign investors were net buyers with a net foreign inflow of 94 million rupees while foreign participation was 38 percent.