Sri Lanka stocks close higher

May 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher Monday with banking and telco stocks gaining amid net foreign buying, brokers said. NDB Capital Holdings closed 29.20 rupees higher at 499.80 rupees and NDB closed 5.60 rupees higher at 198.60 rupees.

Distilleries closed 2.90 rupees higher at 208.00 rupees and Ceylon Tobacco Company closed 1.50 rupees lower at 1,088.00 rupees.

Lion Brewery Ceylon closed 13.60 rupees lower at 436.40 rupees and Bukit Darah closed 9.90 rupees lower at 660.00 rupees.

Nestle Lanka closed 18.10 rupees lower at 1,970.70 rupees and Cargills Ceylon closed 4.00 rupees lower at 140.00 rupees.

John Keells Holdings closed 1.00 rupee lower at 234.00 rupees and its W0023 warrants closed 40 cents higher at 70.20 rupees.

The Colombo benchmark All Share Price Index closed 4.05 points higher at 6,319.24 up 0.06 percent. The S&P SL20 closed 6.38 points lower at 3,472.79, down 0.18 percent.

Turnover was 589.93 million rupees, down from 1.61 billion rupees last Friday with 93 stocks closed positive against 101 negative.

Commercial Bank closed 60 cents lower at 129.00 rupees with market transactions of 67.11 million rupees contributing 12 percent of the turnover while an off market trade of 50.50 million rupees contributing 9 percent of the daily turnover.

JKH’s W0022 warrants closed 1.00 rupee higher at 64.00 rupees and Vallibel One closed 50 cents higher at 20.40 rupees, attracting most number of trades during the day.

Foreign investors bought 255.98 million rupees worth shares while selling 77.65 million rupees worth shares.

Dialog Axiata closed 20 cents higher at 9.70 rupees and Ceylinco Insurance closed 79.10 rupees higher at 1,359.60 rupees, contributing most to the index gain.