Sri Lanka stocks close down 0.3-pct

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Sep 25, 2014 (LBO) – Sri Lanka’s stocks closed in red owing to negative price movements on counters such as Sri Lanka Telecom and Commercial Bank, brokers said. Sri Lanka Telecom closed 1.30 rupees lower at 51.90 rupees and Commercial Bank of Ceylon closed 1.70 rupees lower at 157.20 rupees, contributing most to the index drop.

Nestle Lanka closed 17.00 rupees lower at 2,112.50 rupees and John Keells Holdings closed 1.30 rupees lower at 253.50 rupees.

JKH’s W0022 warrants closed 70 cents higher at 75.00 rupees and its W0023 warrants closed 10 cents higher at 78.10 rupees.

The Colombo benchmark All Share Price Index closed 21.45 points lower at 7,232.98, down 0.30 percent. The S&P SL20 closed 9.61 points lower at 4,013.02, down 0.24 percent.

Turnover was 1.19 billion rupees, down from 1.53 billion rupees a day earlier with 83 stocks closed positive against 112 negative.

The aggregate value of all off-the-floor deals represented 18 percent of the daily turnover.

Dunamis Capital closed 3.30 rupees higher at 29.80 rupees and George Steuart Finance closed flat at 30.40 rupees, attracting most number of trades during the day.

Foreign investors bought 187.16 million rupees worth shares while selling 61.82 million rupees worth shares.