Sri Lanka stocks close down 0.4-pct

Aug 15, 2014 (LBO) – Sri Lanka’s stocks closed 0.42 percent lower on Friday with tobacco stocks losing ground amid strong foreign selling, brokers said.

The Colombo benchmark All Share Price Index closed 29.24 points lower at 6,943.85, down 0.42percent. The S&P SL20 closed 7.79 points lower at 3,820.98, down 0.20 percent.

Turnover was 2.93 billion rupees, up from 2.01 billion rupees a day earlier with 59 stocks closed positive against 154 negative.

John Keells Holdings closed 90 cents lower at 238.00 rupees with eleven off-market transactions of 1.75 billion rupees changing hands at 235.00 rupees per share contributing 60 percent of the daily turnover.

JKH’s W0022 warrants closed 80 cents lower at 70.20 rupees and its W0023 warrants closed 3.10 rupees lower at 76.90 rupees.

The aggregate value of all off-the-floor deals represented 69 percent of the turnover.

Union Bank of Colombo closed 2.30 rupees lower at 21.00 rupees, attracting most number of trades during the day.

Foreign investors bought 694.60 million rupees worth shares while selling 1.59 billion rupees worth shares.

Ceylon Tobacco Company closed 10.90 rupees lower at 1,184.90 rupees, contributing most to the index drop.

Ceylon Beverage Holdings closed 89.50 rupees higher at 800.00 rupees.