Sri Lanka stocks close flat

June 17, 2013 (LBO) – Sri Lanka’s stocks closed flat Monday, due to index heavy stocks continuing to drop and profit taking by some investors, brokers said.

Nestle Lanka gained 8.40 rupees to close at 1928.60 rupees and Dialog Axiata closed flat at 8.80 rupees. The benchmark Colombo All Share Index closed 0.28 points lower at 6,219.11 and the S&P SL 20 Index closed 7.56 points lower at 3,496.79 lower at 0.22 percent.

Turnover was 310 million rupees down from 577 million on last week Friday.

Foreigners brought 146 million rupees worth shares while selling 55 million rupees of shares, in a day that 77stocks advanced and 104 stocks declined.

Ceylon Tobacco Company contributed most to the index closing at 990.00 rupees up 10,20 rupees helped by a crossing of 25,000 shares at 1000 rupees.

The Lion Brewery Ceylon closed at 399.90 rupees up 12.50 rupee and Carsons Cumberbatch gained 6.00 rupees to close at 444.00 rupees.

Negative contributors included John Keells Holdings which lost 1.40 rupees to close at 264.20 rupees, Chevron Lubricants Lanka lost 8.20 rupees to close at 285.00 rupees and Distilleries Company gained 60 cents to close at 195.00 rupees.

Distilleries Company closed at 193.00 down 2.00 rupees with a crossing of 200,000 shares at 195 rupees.

Pan Asia closed at 19.90 rupees down 30 cents. Union Bank of Colombo closed at 18.20 rupees down 70 cents and Sampath Bank closed at 211.80 rupees up 60 cents. Commercial Bank of Ceylon lost 0.30 rupees to close at 116.40 rupees.