Sri Lanka stocks close higher

Feb 11, 2014 (LBO) – Sri Lanka stocks end slightly higher Tuesday with tobacco stocks gaining amid strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 2.88 points higher at 6,113.15, up 0.05 percent. The S&P SL20 closed 5.08 points lower at 3,349.35, down 0.15 percent.

Turnover was 1.98 billion rupees, up from 1.32 billion rupees a day earlier, with stocks of 84 firms closing in the red against 85 gainers.

JKH closed 4.10 rupees lower at 224.80 rupees with a massive 1.11 billion rupees of off market transaction contributing to 56 percent of the turnover.

The aggregate value of all off market deals accounted for 72 percent of the daily market turnover.

JKH’s W0022 warrants closed 1.20 rupees lower at 63.20 rupees and its W0023 warrants closed 1.90 rupees lower at 65.10 rupees, attracting most number of trades during the day.

Foreigners bought 320 million rupees worth shares while selling 1,205 million rupees of shares.

Ceylon Tobacco Company closed 13.40 rupees higher at 1,260.40 rupees and Cargills Ceylon closed 3.40 rupees higher at 151.00 rupees, contributing most to the index gain.

Nestle Lanka ended 10 cents lower at 2,100.00 rupees and Bukit Darah ended 3.40 rupees higher at 604.00 rupees.

Distilleries closed 1.60 rupees higher at 215.60 rupees and Carson Cumberbatch ended 20 cents lower at 357.00 rupees.