Sri Lanka stocks close flat

June 04, 2013 (LBO) – Sri Lanka’s stock closed flat Tuesday with investors continuing to take profit and losses in some index heavy stocks like JKH, DIST and NEST, brokers said.

Softlogic Holding closed at 11.40 rupees down 30 cents and Vallibel One closed at 19.10 rupees down 60 cents.

Sri Lanka Telecom closed at 42.70 rupees down 30 cents and Dialog Axiata closed at 09.30 down 10 cents.
(Ends)

The benchmark Colombo All Share Index closed 02.02 points lower at 6,449.66 and the S&P SL 20 Index closed 10.31 points higher at 3,645.90 up 0.29 percent.

Turnover was one billion rupees up from 752 million day earlier.

Foreigners brought 541 million rupees worth shares while selling 102 million rupees of shares, in a day that 87 stocks advanced and 125 stocks declined.

Chevron Lubricants Lanka contributed most to the index gain closing at 345.20 rupees up 16.90 rupees. The reduction of global oil prices has helped the company’s share price to rise and demand for the stock by investors has also gone up, brokers said.

John Keells Holdings lost 1.80 rupees to close at 281.70 rupees and Nestle Lanka closed at 1,978.00 rupees down 19.60 rupees.

Commercial Bank of Ceylon closed at 124.00 rupees up 2.00 rupees helped by a crossing of three million shares at a price of 125 per share. Lanka IOC gained 1.60 rupees to close at 28.00 rupees.

Hatton National Bank closed flat at 167. 00 rupees, DFCC Bank closed at 142.50 rupees up 50 cents and National Development Bank closed at 174.50 rupees up 40 cents.

Pan Asia closed at 20.60 rupees down 40 cents. Union Bank of Colombo closed at 19.20 rupees up 10 cents and Sampath Bank lost 1.60 rupees to close at 218.50 rupees. Banking sector which reached its peak has lost ground due to profit taking by investors, broker said

LB Finance closed at 131.60 rupees down 2.80 rupees and Peoples Leasing and Finance closed at 14.90 rupees up 10 cents.

The Lion Brewery lost 1.00 rupees to close at 409.00 rupees, Distilleries Company lost 1.20 rupees to close at 200.30 rupees and Ceylon Tobacco Company too lost 10 cents to close at 999.90 rupees.

Aitken Spence closed at 134.00 down 1.00 rupee. Browns Investments closed at 03.40 rupees down 10 cents.