Sri Lanka stocks close down 0.4-pct

May 27, 2014 (LBO) – Sri Lanka’s stocks closed down 0.41 percent with telco stocks losing ground despite continued low foreign participation, brokers said. Bukit Darah closed 14.00 rupees lower at 636.00 rupees and Lion Brewery Ceylon closed 17.80 rupees lower at 432.10 rupees.

Asian Hotels and Properties closed 1.90 rupees lower at 70.20 rupees and Aitken Spence Hotel Holdings closed 20 cents higher at 77.40 rupees.

Ceylon Tobacco Company closed 8.00 rupees higher at 1,070.00 rupees and John Keells Holdings closed 90 cents lower at 233.10 rupees.

JKH’s W0022 warrants closed 1.00 rupee lower at 62.00 rupees and its W0023 warrants also closed 1.00 rupee lower at 67.90 rupees.

NDB Capital Holdings closed 29.00 rupees higher at 499.00 rupees.

The Colombo benchmark All Share Price Index closed 25.58 points lower at 6,267.44 down 0.41 percent. The S&P SL20 closed 15.72 points lower at 3,447.17, down 0.45 percent.

Turnover was 1.39 billion rupees, up from 291.32 million rupees a day earlier with 90 stocks closed positive against 95 negative.

Entrust Securities closed 30 cents higher at 20.80 rupees with an off market transaction of 587.40 million rupees changing hands at 20.50 rupees per share contributing 42 percent of the daily turnover.

Multi Finance closed 10 cents higher at 16.70 rupees with another off market transaction of 316.02 million rupees changing hands at 16.60 rupees per share contributing 23 percent of the turnover.

The Finance Company non-voting shares closed 40 cents higher at 7.40 rupees and Laugfs Gas non-voting shares closed 90 cents lower at 30.50 rupees, attracting most number of trades during the day.

Foreign investors bought 52.83 million rupees worth shares while selling 17.24 million rupees worth shares.

Sri Lanka Telecom closed 2.80 rupees lower at 46.00 rupees, contributing most to the index drop by reversing its gains in the previous days.