Sri Lanka stocks close flat

Jan 21, 2014 (LBO) – Sri Lanka stocks close flat Tuesday with banking and plantation stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 3.14 points lower at 6,153.54, down 0.05 percent. The S&P SL20 closed 2.45 points higher at 3,428.16, up 0.07 percent.

Turnover was 414.14 million rupees, down from 675.77 million rupees a day earlier, with stocks of 89 firms closing in the red against 90 gainers.

Commercial Bank closed 1.20 rupees higher at 127.20 rupees with market transactions of 47.69 million rupees contributing to 12 percent of the turnover.

JKH closed 4.30 rupees higher at 247.00 rupees with an off market transaction of 24.60 million rupees contributing to 6 percent of the turnover today.

The Finance Company closed 10 cents higher at 13.70 rupees, attracting most number of trades during the day.

Foreigners bought 136 million rupees worth shares while selling 44 million rupees of shares.

Oil Palm firm Selinsing closed 213.00 rupees lower at 1,035.00 rupees and DFCC closed 3.40 rupees lower at 146.40 rupees, contributing most to the index drop.

Asian Hotels and Properties closed 1.60 rupees lower at 65.40 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.40 rupees.

JKH’s W0022 warrants closed 20 cents higher at 80.10 rupees and its W0023 warrants closed 40 cents higher at 85.20 rupees.

Carson Cumberbatch ended 1.40 rupees lower at 368.10 rupees and Ceylon Tobacco Company closed 1.70 rupees lower at 1,202.00 rupees.

Nestle Lanka ended 7.10 rupees higher at 2,125.00 rupees and Distilleries closed flat at 200.00 rupees.

Cargills Ceylon closed 90 cents lower at 145.10 rupees and Bukit Darah closed 5.00 rupees lower at 615.00 rupees.

Lion Brewery Ceylon closed 7.50 rupees lower at 371.50 rupees and Aitken Spence closed 90 cents lower at 104.10 rupees.

NDB closed 2.00 rupees lower at 180.00 rupees and HNB closed 40 cents lower at 158.60 rupees.

Lanka Orix Leasing Company closed 60 cents higher at 74.10 rupees and Ceylinco Insurance closed 20.70 rupees higher at 1,397.00 rupees.

Softlogic Finance closed 2.30 rupees lower at 28.50 rupees.