Sri Lanka stocks close lower

Nov 25, 2013 (LBO) – Sri Lanka stocks closed 0.29 percent lower with diversified stocks losing ground amid low foreign activity on the bourse, brokers said. DFCC closed 2.00 rupees lower at 120.00 rupees and Sampath Bank closed 1.90 rupees lower at 162.10 rupees.
Asian Hotels and Properties closed 80 cents lower at 69.00 rupees and Bukit Darah closed 8.70 rupees lower at 659.80 rupees.

NDB closed 90 cents lower at 151.00 rupees and Touchwood Investments closed 20 cents lower at 2.90 rupees. The Colombo benchmark All Share Price Index closed 17.05 points lower at 5,775.67, down 0.29 percent. The S&P SL20 closed 14.94 points lower at 3,182.94, down 0.47 percent.

Turnover was 193.48 million rupees, down from 306.59 million rupees last Friday, with stocks of 116 firms closing in the red against 54 gainers.

Dialog Axiata closed flat at 9.00 rupees with market transactions of 32 million rupees contributing to 17 percent of total turnover.
Dialog’s off market transaction of 20 million rupees contributed to 10 percent of total turnover.

Foreigners brought 33 million rupees worth shares while selling 45 million rupees of shares.
Finlays Colombo closed 54.70 rupees lower at 225.30 rupees and Distilleries closed 4.50 rupees lower at 184.50 rupees, contributing most to the index drop.

Singer Sri Lanka closed 9.50 rupees lower at 90.40 rupees and JKH closed 1.10 rupees lower at 217.80 rupees.
JKH’s W0022 warrants closed 2.10 rupees lower at 57.60 rupees and JKH’s W0023 warrants closed 50 cents lower at 64.50 rupees.

Ceylon Tobacco Company closed 18.20 rupees higher at 1,056.20 rupees and Cargills Ceylon closed 3.70 rupees higher at 154.70 rupees.

Nestle Lanka closed 15.00 rupees higher at 1,930.00 rupees and Ceylinco Insurance closed 22.00 rupees higher at 1,304.00 rupees.
Lion Brewery closed 5.00 rupees higher at 345.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees.

Sri Lanka Telecom closed 10 cents lower at 37.20 rupees and Commercial Bank closed 60 cents lower at 113.40 rupees.
Carson Cumberbatch closed 10 cents higher at 368.60 rupees.

HNB closed 40 cents lower at 144.50 rupees and Lanka Orix Leasing Company closed flat at 63.00 rupees.
Aitken Spence closed 10 cents lower at 109.90 rupees and Aitken Spence Hotel Holdings closed 90 cents lower at 65.10 rupees.