Sri Lanka stocks close down 0.24 pct

October 09, 2012 (LBO) – Sri Lanka stocks closed down 0.24 percent Tuesday with indices seeing sharp gains earlier in the day on news that the regulator has loosened credit and broker stock sales restrictions, brokers said

Commercial Bank slipped 0.10 cents to close at 112.10 rupees down 0.09 percent. DFCC Bank dropped 1.40 rupees to close at 116.80 rupees down 1.18 percent. Hatton National Bank closed at 113.20 rupees down 0.44 percent.

Dialog Axiata PLC gained 0.10 cents to close at 8.80 rupees up 1.15 percent.

Index heavy John Keells Holdings PLC gained 3.30 rupees to close at 213.80 rupees up 1.57 percent. Some blue-chips stocks gained ground.

The Colombo All Share Index closed at 5,833.32 down 13.85 points and the S & P SL 20 Index closed 19.39 points higher at 5,384.44 up 0.36 percent.

Turnover was 528 million rupees. Top contributors to turnover were JKH with 54 million rupees, Environment Resources Investments with 33 million rupees and E-Channeling with 33 million rupees.

E-Channeling PLC gained 0.10 cents to close at 6.40 rupees up 1.59 percent.

Aitken Spence PLC slipped 3.30 rupees to close at 130.70 rupees down 2.46 percent.