Sri Lanka stocks close lower

Nov 27, 2013 (LBO) – Sri Lanka stocks fell for the fourth straight day with diversified stocks losing ground amid foreign selling, brokers said. HNB closed flat at 144.00 rupees and Lanka Orix Leasing Company closed 1.10 rupees higher at 64.20 rupees.

Aitken Spence closed 10 cents lower at 108.00 rupees and Aitken Spence Hotel Holdings closed 1.40 rupees lower at 63.50 rupees.

Sampath Bank closed 1.00 rupee higher at 163.00 rupees and DFCC closed flat at 119.90 rupees.

Touchwood Investments closed 20 cents higher at 3.00 rupees.

Nanda Investments closed 10 cents lower at 7.70 rupees with its name changing to BRAC Lanka Finance in the future, according to a resolution passed at an extra ordinary general meeting held on Wednesday. The Colombo benchmark All Share Price Index closed 3.34 points lower at 5,744.67, down 0.06 percent. The S&P SL20 closed 6.17 points lower at 3,162.52, down 0.19 percent.

Turnover was 836.51 million rupees, up from 464.68 million rupees a day earlier, with stocks of 73 firms closing in the red against 86 gainers.

Commercial Leasing and Finance closed 20 cents higher at 4.00 rupees with an off market transaction of 389.50 million rupees contributing to 47 percent of total turnover.

Lanka Century closed 2.20 rupees higher at 15.40 rupees attracting more retail investor interest during the day.

Foreigners brought 87 million rupees worth shares while selling 133 million rupees of shares.

Ceylon Tobacco Company closed 26.20 rupees lower at 1,030.00 rupees and JKH closed 2.00 rupees lower at 214.00 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 20 cents higher at 56.80 rupees and its W0023 warrants closed flat at 63.00 rupees.

Trans Asia Hotels closed 4.00 rupees lower at 80.90 rupees and Carson Cumberbatch closed 2.80 rupees lower at 362.20 rupees.
Lion Brewery closed 19.80 rupees higher at 359.90 rupees.

Commercial Bank closed 1.10 rupees higher at 114.10 rupees and Asian Hotels and Properties closed 1.10 rupees higher at 67.20 rupees.

Bukit Darah closed 2.80 rupees lower at 649.20 rupees and Distilleries closed 10 cents lower at 189.00 rupees.

Cargills Ceylon closed flat at 154.70 rupees and Sri Lanka Telecom closed 20 cents higher at 37.40 rupees.

Nestle Lanka closed flat at 1,930.00 rupees and Ceylinco Insurance also closed flat at 1,283.00 rupees.