Sri Lanka stocks close higher

May 05, 2014 (LBO) – Sri Lanka’s stocks close higher Monday with conglomerate Aitken Spence gaining amid strong foreign participation, brokers said. Aitken Spence closed 3.40 rupees higher at 102.80 rupees and Lion Brewery Ceylon closed 14.50 rupees higher at 435.00 rupees, contributing most to the index gain.

LOLC closed 1.80 rupees higher at 77.90 rupees and Chevron Lubricants Lanka closed 5.80 rupees higher at 274.80 rupees.

Dialog Axiata closed 10 cents higher at 9.40 rupees and Sri Lanka Telecom closed 40 cents lower at 47.70 rupees.

Ceylon Tobacco Company closed 10.10 rupees lower at 1,099.90 rupees and John Keells Holdings closed 2.00 rupees lower at 235.00 rupees.

JKH’s W0022 warrants closed 80 cents lower at 65.30 rupees and its W0023 warrants closed 10 cents lower at 71.90 rupees.

Carson Cumberbatch closed 4.10 rupees lower at 401.00 rupees.

The Colombo benchmark All Share Price Index closed 0.99 points higher at 6,249.43 up 0.02 percent. The S&P SL20 closed 5.88 points higher at 3,441.69, up 0.17 percent.

Turnover was 1.25 billion rupees, down from 1.31 billion rupees last Friday with 105 stocks close positive against 88 negative.

Expolanka Holdings closed 30 cents lower at 10.40 rupees with market transactions of 218.00 million rupees contributing 17 percent of the turnover.

All off market deals accounted for 13 percent of the daily turnover.

ACME Printing and Packaging closed 2.50 rupees higher at 11.90 rupees and Textured Jersey Lanka closed 70 cents higher at 18.60 rupees, attracting most number of trades.

Foreign investors bought 458.00 million rupees worth shares while selling 304.78 million rupees worth shares.