Sri Lanka stocks close down 0.4-pct

Feb 17, 2014 (LBO) – Sri Lanka stocks close 0.45 percent lower for the third straight day with diversified stocks losing ground, brokers said. Ceylon Tobacco Company closed 10.00 rupees lower at 1,240.00 rupees and Aitken Spence closed 2.50 rupees lower at 100.10 rupees.

Commercial Bank closed 1.00 rupee lower at 117.00 rupees and NDB closed 2.30 rupees higher at 185.00 rupees.

SLT closed 50 cents higher at 43.00 rupees and Carson Cumberbatch ended flat at 350.00 rupees.

Distilleries closed 10 cents higher at 215.10 rupees and Bukit Darah ended 5.30 rupees lower at 595.00 rupees.

Nestle Lanka ended flat at 2,100.00 rupees.

The Colombo benchmark All Share Price Index closed 27.28 points lower at 6,056.11, down 0.45 percent. The S&P SL20 closed 19.52 points lower at 3,306.24, down 0.59 percent.

Turnover was 613.42 million rupees, down from 665.01 million rupees last Thursday, with stocks of 126 firms closing in the red against 42 gainers.

Nations Trust Bank closed flat at 66.00 rupees with 198.00 million rupees of off market transactions contributing to 32 percent of the total turnover.

The aggregate value of all off market deals accounted for 36 percent of the daily market turnover.

Dankotuwa Porcelain closed 50 cents higher at 13.10 rupees, attracting most number of trades during the day.

Foreigners bought 138.32 million rupees worth shares while selling 283.04 million rupees of shares.

Cargills Ceylon closed 12.00 rupees lower at 135.00 rupees and JKH closed 2.10 rupees lower at 219.90 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 2.40 rupees lower at 60.60 rupees and its W0023 warrants closed 4.00 rupees lower at 62.00 rupees.