Sri Lanka stocks close higher

Sep 29, 2014 (LBO) – Sri Lanka’s stocks closed higher with the turnover crossing 3.4 billion rupees mark despite strong foreign selling, brokers said. Foreign investors bought 375.47 million rupees worth shares while selling 2.27 billion rupees worth shares.

Lion Brewery Ceylon closed 14.50 rupees higher at 630.10 rupees and People’s Leasing and Finance closed 70 cents higher at 19.90 rupees, contributing most to the index gain.

DFCC Bank closed 3.60 rupees higher at 199.90 rupees and HNB closed 2.60 rupees higher at 186.00 rupees.

The Colombo benchmark All Share Price Index closed 4.45 points higher at 7,238.16, up 0.06 percent. The S&P SL20 closed 10.58 points higher at 4,019.00, up 0.26 percent.

Turnover was 3.46 billion rupees, up from 2.73 billion rupees last Friday with 86 stocks closed positive against 118 negative.

John Keells Holdings closed 20 cents lower at 251.00 rupees with seven massive off-market transactions of 1.38 billion rupees changing hands at 251.00 rupees per share contributing 40 percent of the turnover.

The aggregate value of all off-the-floor deals represented 45 percent of the daily turnover.

Dunamis Capital closed 7.00 rupees higher at 38.90 rupees, First Capital Holdings closed 6.80 rupees higher at 56.30 rupees and Janashakthi Insurance closed 1.60 rupees higher at 24.10 rupees, attracting most number of trades during the day.