Sri Lanka stocks close flat

June 04, 2014 (LBO) – Sri Lanka’s stocks closed flat Wednesday despite strong foreign buying, brokers said. Ceylon Cold Stores closed 4.00 rupees lower at 157.00 rupees and John Keells Hotels closed 30 cents lower at 15.20 rupees.

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

The Colombo benchmark All Share Price Index closed 0.04 points higher at 6,286.06. The S&P SL20 closed 1.25 points higher at 3,472.00, up 0.04 percent.

Turnover was 1.02 billion rupees, up from 405.22 million rupees a day earlier with 80 stocks closed positive against 90 negative.

John Keells Holdings closed flat at 235.00 rupees with market transactions of 514.83 million rupees contributing 51 percent of the daily turnover while six off-market transactions of 459.96 million rupees adding another 45 percent to the turnover.

JKH’s W0022 warrants closed 60 cents higher at 63.30 rupees and its W0023 warrants closed 1.30 rupees higher at 74.00 rupees.

Lanka IOC closed 70 cents lower at 40.50 rupees and PC Pharma closed 20 cents higher at 1.20 rupees, attracting most number of trades during the day.

Foreign investors bought 557.25 million rupees worth shares while selling 77.50 million rupees worth shares.

Dialog Axiata closed 10 cents higher at 9.90 rupees and Distilleries closed 2.00 rupees higher at 208.00 rupees.

Cargills Ceylon closed 2.50 rupees higher at 146.50 rupees and Nestle Lanka closed 20.40 rupees lower at 1,919.60 rupees.