Sri Lanka stocks close flat

Dec 18, 2013 (LBO) – Sri Lanka stocks close flat Wednesday with diversified stocks losing ground, brokers said. Asian Hotels and Properties closed flat at 62.40 rupees and Bukit Darah closed 5.50 rupees lower at 614.50 rupees.

The Colombo benchmark All Share Price Index closed 0.12 points lower at 5,811.76, down 0.00 percent. The S&P SL20 closed 2.16 points lower at 3,191.71, down 0.07 percent.

Turnover was 592.56 million rupees, down from 1.27 billion rupees a day earlier, with stocks of 71 firms closing in the red against 77 gainers.

Sampath Bank closed 90 cents lower at 168.10 rupees with off market transactions of 222 million rupees contributing to 37 percent of total turnover.

JKH closed 1.40 rupees higher at 217.40 rupees attracting most number of trades during the day.

JKH’s W0022 warrants closed 1.80 rupees higher at 64.80 rupees and it’s W0023 warrants closed 1.70 rupees higher at 76.90 rupees also attracting the retail investor interest.

Foreigners bought 354 million rupees worth shares while selling 294 million rupees of shares.

Ceylon Tobacco Company closed 27.00 rupees lower at 1,123.00 rupees and Carson Cumberbatch closed 6.40 rupees lower at 350.00 rupees, contributing most to the index drop.

Nestle Lanka closed 18.70 rupees higher at 2,118.90 rupees and Hayleys closed 7.70 rupees higher at 292.80 rupees.

Distilleries closed flat at 190.00 rupees and Cargills Ceylon also closed flat at 148.50 rupees.

Aitken Spence closed 1.80 rupees higher at 101.80 rupees and Aitken Spence Hotel Holdings also closed 1.80 rupees higher at 66.80 rupees.