Sri Lanka stocks close lower

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Nov 26, 2013 (LBO) – Sri Lanka stocks fell for the third consecutive day with diversified and property stocks losing ground amid foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 27.66 points lower at 5,748.01, down 0.48 percent. The S&P SL20 closed 14.25 points lower at 3,168.69, down 0.45 percent.

Turnover was 464.68 million rupees, up from 193.48 million rupees a day earlier, with stocks of 134 firms closing in the red against 38 gainers.

Foreigners brought 107 million rupees worth shares while selling 156 million rupees of shares.

Dialog Axiata closed flat at 9.00 rupees with market transactions of 93 million rupees contributing to 20 percent of total turnover.

C T Land closed 1.40 rupees higher at 30.50 rupees with off market transaction of 65 million rupees contributed to 14 percent of total turnover.

JKH closed 1.80 rupees lower at 216.00 rupees and Asian Hotels and Properties closed 2.90 rupees lower at 66.10 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 1.00 rupee lower at 56.60 rupees and its W0023 warrants closed 1.50 rupees lower at 63.00 rupees.

Commercial Leasing and Finance closed 20 cents lower at 3.80 rupees and Bukit Darah closed 7.80 rupees lower at 652.00 rupees.

Distilleries closed 4.60 rupees higher at 189.10 rupees and Trans Asia Hotels closed 4.90 rupees higher at 84.90 rupees.

Laugfs Gas closed 70 cents higher at 29.90 rupees and Hemas Holdings closed 40 cents higher at 33.00 rupees.

Sampath Bank closed 10 cents lower at 162.00 rupees and Singer Sri Lanka closed 60 cents higher at 91.00 rupees.

Ceylon Tobacco Company closed flat at 1,056.20 rupees and Cargills Ceylon also closed flat at 154.70 rupees.

Nestle Lanka closed flat at 1,930.00 rupees and Ceylinco Insurance closed 21.00 rupees lower at 1,283.00 rupees.

Lion Brewery closed 4.90 rupees lower at 340.10 rupees and Carson Cumberbatch closed 3.60 rupees higher at 365.00 rupees.

Sri Lanka Telecom closed flat at 37.20 rupees and Commercial Bank closed 40 cents lower at 113.00 rupees.

HNB closed 50 cents lower at 144.00 rupees and Lanka Orix Leasing Company closed 10 cents higher at 63.10 rupees.

Aitken Spence closed 1.80 rupees lower at 108.10 rupees and Aitken Spence Hotel Holdings closed 20 cents lower at 64.90 rupees.

DFCC closed 10 cents lower at 119.90 rupees.

NDB closed flat at 151.00 rupees and Touchwood Investments closed 10 cents lower at 2.80 rupees.