Sri Lanka stocks close down 0.3-pct, rupee weaker

Mar 13, 2014 (LBO) – Sri Lanka’s stocks close lower for the fourth consecutive day with tobacco and diversified stocks losing ground and the rupee weakened amid stronger import demand, brokers and dealers said. The Colombo benchmark All Share Price Index closed 19.58 points lower at 5,913.94 down 0.33 percent. The S&P SL20 closed 14.16 points lower at 3,222.13, down 0.44 percent.

Turnover was 336.48 million rupees, down from 408.01 million rupees a day earlier with 74 stocks close positive against 84 negative.

In forex markets the rupee weakened to around 130.65/70 rupees to the US dollar in spot market after opening at around 130.60 levels amid stronger import demand, dealers said.

In equity markets Softlogic Holdings closed 1.00 rupee higher at 11.00 rupees with an off market transaction of 108.90 million rupees contributing to 32 percent of the turnover.

Asiri Surgical closed 90 cents higher at 14.00 rupees and Nation Lanka Finance closed 50 cents higher at 8.70 rupees, attracting most number of trades during the day.

Foreign investors bought 183.15 million rupees worth shares while selling 174.25 million rupees of shares.

Ceylon Tobacco Company closed 28.70 rupees lower at 1,111.30 rupees and John Keells Holdings closed 1.70 rupees lower at 222.80 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 30 cents lower at 61.80 rupees and its W0023 warrants closed 80 cents lower at 65.00 rupees.

Commercial Leasing and Finance closed 10 cents lower at 3.80 rupees and HNB closed 1.80 rupees lower at 151.20 rupees.

NDB Capital Holdings closed 43.60 rupees lower at 490.00 rupees and Ceylinco Insurance closed 47.30 rupees higher at 1,350.00 rupees.

C T Holdings closed 4.90 rupees higher at 135.00 rupees.

Nestle Lanka closed 10 cents lower at 1,999.90 rupees and Bukit Darah closed 5.10 rupees lower at 545.00 rupees.

SLT closed flat at 44.00 rupees and Dialog Axiata also closed flat at 9.00 rupees.