Sri Lanka stocks close higher

May 09, 2014 (LBO) – Sri Lanka’s stocks closed to a near 11 month high on Friday with the turnover recording a 23 month high, brokers said. The Colombo benchmark All Share Price Index closed 9.14 points higher at 6,284.87 up 0.15 percent. The S&P SL20 closed 10.50 points higher at 3,457.26, up 0.30 percent.

Turnover was 7.14 billion rupees, up from 935.21 million rupees a day earlier with 118 stocks close positive against 64 negative.

Expolanka Holdings closed flat at 10.30 rupees with five off market transactions of 6.27 billion rupees contributing 88 percent of the turnover.

Merchant Bank closed 1.30 rupees higher at 17.40 rupees, trading heavily on the market.

Foreign investors bought 6.43 billion rupees worth shares while selling 155.69 million rupees worth shares.

Bukit Darah closed 19.30 rupees higher at 649.10 rupees and Asian Hotels and Properties closed 2.80 rupees higher at 70.00 rupees, contributing most to the index gain.

Sampath Bank closed 2.60 rupees higher at 188.00 rupees and Commercial Bank closed 50 cents higher at 128.00 rupees.

LOLC closed flat at 80.00 rupees and John Keells Holdings closed 20 cents higher at 234.80 rupees.

JKH’s W0022 warrants closed 80 cents higher at 64.00 rupees and its W0023 warrants closed 10 cents higher at 70.00 rupees.

Ceylinco Insurance closed 45.80 rupees higher at 1,350.00 rupees and NDB Capital Holdings closed 19.90 rupees lower at 480.10 rupees.

Ceylon Tobacco Company closed 10.00 rupees lower at 1,090.00 rupees and Nestle Lanka also closed 10.00 rupees lower at 1,975.00 rupees.

Sri Lanka Telecom closed 90 cents lower at 47.10 rupees and Dialog Axiata closed flat at 9.40 rupees.