Sri Lanka stocks close down 0.6-pct

Sri Lankan President Maithripala Sirisena (L) and Sri Lankan Prime Minister Ranil Wickremasinghe gesture as Sri Lankan Finance Minister Ravi Karunanayake (unseen) presents a supplementary budget to parliament, marking the first economic policy statement of the new government which came to power earlier in the month in Colombo on January 29, 2015. Sri Lanka's new government announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". AFP PHOTO / Ishara S. KODIKARA (Photo credit should read Ishara S.KODIKARA/AFP/Getty Images)

May 30, 2014 (LBO) – Sri Lanka’s stocks closed down 0.64 percent on Friday with diversified, food and tobacco stocks losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 40.31 points lower at 6,263.46 down 0.64 percent. The S&P SL20 closed 32.08 points lower at 3,454.61, down 0.92 percent.

Turnover was 1.08 billion rupees, up from 810.92 million rupees a day earlier with 91 stocks closed positive against 130 negative.

Cargills Ceylon closed 2.50 rupees lower at 142.50 rupees with four off-market transactions of 182.58 million rupees changing hands at the same price per share contributing 17 percent of the daily turnover.

The Finance Company closed 40 cents higher at 7.50 rupees and Entrust Securities closed 2.30 rupees higher at 22.70 rupees, attracting most number of trades during the day.

Foreign investors bought 760.16 million rupees worth shares while selling 530.39 million rupees worth shares.

Carson Cumberbatch closed 20.90 rupees lower at 379.10 rupees and Nestle Lanka closed 45.00 rupees lower at 1,910.00 rupees, contributing most to the index drop.

Bukit Darah closed 23.40 rupees lower at 662.90 rupees.

Lion Brewery Ceylon closed 18.00 rupees lower at 431.00 rupees and Ceylon Tobacco Company closed 6.30 rupees lower at 1,058.70 rupees.

CT Holdings closed 9.40 rupees lower at 130.60 rupees and John Keells Holdings closed flat at 234.00 rupees.

JKH’s W0022 warrants closed 1.40 rupees higher at 62.40 rupees and its W0023 warrants closed 3.70 rupees higher at 70.70 rupees.

John Keells Hotels closed 50 cents higher at 15.50 rupees and Asian Hotels and Properties closed 70 cents higher at 73.10 rupees.

Oil palm firms Selinsing closed 68.50 rupees higher at 1,668.50 rupees and Shalimar (Malay) closed 94.30 rupees higher at 1,695.30 rupees.

Commercial Leasing and Finance closed 10 cents higher at 4.00 rupees.