Sri Lanka stocks close down 0.31-pct

Oct 17, 2014 (LBO) – Sri Lanka’s indices closed lower Friday with banking and diversified stocks losing ground, brokers said.

The Colombo benchmark All Share Price Index closed 22.60 points lower at 7,234.47, down 0.31 percent. The S&P SL20 closed 26.84 points lower at 4,029.55, down 0.66 percent.

Turnover was 1.02 billion rupees, down from 1.54 billion rupees a day earlier with 103 stocks closed positive against 94 negative.

Commercial Bank of Ceylon closed 1.30 rupees lower at 163.70 rupees with three off-market transactions of 196.37 million rupees contributing 19 percent of the turnover.

Alufab closed 3.00 rupees higher at 31.00 rupees, Brac Lanka Finance closed 1.50 rupees higher at 13.00 rupees and First Capital Holdings closed 1.50 rupees lower at 53.30 rupees, attracting most number of trades during the day.

Foreign investors bought 287.92 million rupees worth shares while selling 272.06 million rupees worth shares.

Commercial Leasing and Finance closed 30 cents lower at 4.50 rupees and John Keells Holdings closed 2.00 rupees lower at 248.00 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 20 cents higher at 73.80 rupees and its W0023 warrants closed 1.30 rupees lower at 76.70 rupees.

Sri Lanka Telecom closed 90 cents lower at 50.00 rupees and Ceylon Tobacco Company closed 6.90 rupees lower at 1,153.10 rupees.

Finlays Colombo closed 55.00 rupees higher at 400.00 rupees.