Sri Lanka stocks close higher

Apr 22, 2014 (LBO) – Sri Lanka’s stocks close 0.08 percent higher with index heavy stocks gaining amid net foreign buying, brokers said. Ceylon Tobacco Company closed 20.40 rupees higher at 1,118.20 rupees, contributing most to the index gain.

Aitken Spence Hotel Holdings closed 2.40 rupees higher at 75.90 rupees and Asian Hotels and Properties closed 10 cents higher at 65.10 rupees.

Hatton National Bank closed 2.00 rupees higher at 157.00 rupees and National Development Bank closed 2.60 rupees higher at 188.00 rupees.

Colombo Dockyard closed 6.60 rupees higher at 189.60 rupees and Distilleries closed 50 cents higher at 205.50 rupees.

Carson Cumberbatch closed 11.60 rupees lower at 378.40 rupees and Chevron Lubricants Lanka closed 5.00 rupees lower at 268.00 rupees

Hemas Holdings closed 1.00 rupee lower at 42.00 rupees and Bukit Darah closed flat at 571.50 rupees.

The Colombo benchmark All Share Price Index closed 4.80 points higher at 6,191.83 up 0.08 percent. The S&P SL20 closed 2.48 points higher at 3,397.42, up 0.07 percent.

Turnover was 551.13 million rupees, down from 816.06 million rupees a day earlier with 83 stocks close positive against 96 negative.

John Keells Holdings closed 90 cents higher at 239.90 rupees with market transactions of 103.44 million rupees contributing to 19 percent of the daily turnover.

JKH’s W0022 warrants closed 1.20 rupees higher at 70.20 rupees and its W0023 warrants closed 1.10 rupees higher at 75.00 rupees.

Commercial Bank closed 40 cents higher at 127.90 rupees with an off market transaction of 58.03 million rupees contributing to 11 percent of the turnover.

Piramal Glass Ceylon closed 20 cents higher at 3.90 rupees and Orient Garments closed 2.90 rupees higher at 14.80 rupees, trading heavily on the market.

Foreign investors bought 226.05 million rupees worth shares while selling 46.75 million rupees worth shares.