Sri Lanka stocks close higher

Sep 23, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with telco and palm oil stocks gaining amid net foreign selling, brokers said.

The Colombo benchmark All Share Price Index closed 4.23 points higher at 7,260.64, up 0.06 percent. The S&P SL20 closed 0.78 points lower at 4,030.09, down 0.02 percent.

Turnover was 2.18 billion rupees, up from 1.94 billion rupees a day earlier with 102 stocks closed positive against 102 negative.

John Keells Holdings closed 20 cents lower at 253.90 rupees with three off-market transactions of 440.09 million rupees contributing 20 percent of the turnover.

JKH’s W0022 warrants closed 70 cents lower at 74.30 rupees and its W0023 warrants closed 1.90 rupees higher at 79.00 rupees.

The aggregate value of all off-the-floor deals represented 34 percent of the daily turnover.

First Capital Holdings closed 1.20 rupees higher at 46.60 rupees and Softlogic Holdings closed 40 cents higher at 16.50 rupees, attracting most number of trades during the day.

Foreign investors bought 561.09 million rupees worth shares while selling 866.41 million rupees worth shares.

Bukit Darah closed 25.10 rupees higher at 735.10 rupees and Sri Lanka Telecom closed 1.00 rupee higher at 53.20 rupees, contributing most to the index gain.

Commercial Leasing and Finance closed 20 cents higher at 4.80 rupees and Ceylon Tobacco Company closed 15.00 rupees lower at 1,155.00 rupees.

The SEC has decided to lift the price constraints imposed on the crossings board for share transactions falling within the ambit of the Central Bank’s Financial Sector Consolidation Plan.

This will be effective from 22 September 2014.