Sri Lanka stocks close higher

Nov 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with the price gains of Nestle Lanka and C T Holdings, brokers said. Nestle Lanka closed 46.50 rupees higher at 2,157.50 rupees and C T Holdings closed 8.90 rupees higher at 149.00 rupees, contributing most to the index gain.

Ceylon Tobacco Company closed 19.30 rupees lower at 1,076.20 rupees and John Keells Holdings closed 2.90 rupees lower at 244.60 rupees.

Sri Lanka Telecom closed 1.00 rupee lower at 48.20 rupees.

The Colombo benchmark All Share Price Index closed 4.11 points higher at 7,239.36, up 0.06 percent.

The S&P SL20 closed 0.78 points higher at 4,045.72, up 0.02 percent.

Turnover was 1.08 billion rupees, down from 1.70 billion rupees a day earlier with 118 stocks closed positive against 73 negative.

The aggregate value of all off-the-floor deals only represented 7 percent of the daily turnover.

Access Engineering closed 70 cents higher at 38.00 rupees and People’s Leasing & Finance closed 10 cents higher at 23.00 rupees, attracting most number of trades during the day.

Foreign investors bought 262.20 million rupees worth shares while selling 256.99 million rupees worth shares.