Sri Lanka stocks close higher

May 28, 2014 (LBO) – Sri Lanka’s stocks closed in positive directions on Wednesday despite relatively low foreign participation on the bourse, brokers said. The Colombo benchmark All Share Price Index closed 5.32 points higher at 6,272.76 up 0.08 percent. The S&P SL20 closed 3.40 points higher at 3,450.65, up 0.10 percent.

Turnover was 451.16 million rupees, down from 1.39 billion rupees a day earlier with 71 stocks closed positive against 114 negative.

Ceylinco Insurance closed 51.20 rupees higher at 1,351.00 rupees with two off-market transactions of 64.40 million rupees changing hands at 1,400.00 rupees per share contributing 14 percent of the daily turnover.

Commercial Bank closed flat at 126.40 rupees with an off-the-floor deal of 42.30 million rupees changing hands at 126.50 rupees per share contributing 9 percent of the turnover.

George Steuart Finance closed 3.50 rupees lower at 40.30 rupees, attracting most number of trades during the day.

Foreign investors bought 71.50 million rupees worth shares while selling 98.81 million rupees worth shares.

Bukit Darah closed 14.00 rupees higher at 650.00 rupees, contributing most to the index gain.

Commercial Leasing and Finance closed 10 cents higher at 4.00 rupees and People’s Leasing and Finance closed flat at 15.70 rupees.

Dialog Axiata closed 10 cents higher at 9.90 rupees and Sri Lanka Telecom closed 30 cents lower at 45.70 rupees.

Ceylon Tobacco Company closed 5.00 rupees lower at 1,065.00 rupees and Cargills Ceylon closed 3.00 rupees lower at 145.00 rupees.

Aitken Spence closed 1.00 rupee lower at 101.00 rupees.