Sri Lanka stocks close lower

Nov 06, 2013 (LBO) – Sri Lanka stocks fell for the third straight day banking stocks losing ground, despite strong foreign purchases, brokers said. Bukit Darah closed 5.40 rupees higher at 685.60 rupees and Dialog closed 10 cents higher at 9.10 rupees.

Cargills Ceylon closed 2.60 rupees lower at 145.40 rupees and Nestle Lanka closed 13.00 rupees higher at 1,938.30 rupees.

Distilleries closed 1.10 rupees lower at 182.00 rupees.

Union Bank closed 10 cents higher at 17.30 rupees and Ceylinco Insurance closed 10 cents higher at 1,300.10 rupees.

Touchwood ended again down 10 cents to 3.90 rupees.

PCH Holdings closed 10 cents higher at 1.70 rupees and PC House also closed 10 cents higher at 90 cents. The Colombo benchmark All Share Price Index closed 6.73 points lower at 5,906.18, down 0.11 percent. The S&P SL20 closed 8.62 points lower at 3,254.89, down 0.26 percent.

Turnover was 571.79 million rupees, up from 220.89 million rupees a day earlier, with stocks of 81 firms closing in the red against 65 gainers.

Foreigners brought 357 million rupees worth shares while selling 63 million rupees of shares.

DFCC closed 3.80 rupees lower at 119.20 rupees and Commercial Bank closed 1.00 rupees lower at 116.50 rupees, contributing most to the index negatively.

Cargills Ceylon closed 2.60 rupees lower at 145.40 rupees and Sri Lanka Telecom closed 30 cents lower at 38.70 rupees, also contributed the index fall.

Ceylon Tobacco Company closed 1.30 rupees lower at 1,105.70 rupees and JKH closed 10 cents lower at 223.80 rupees.

Asian Hotels and Properties closed flat at 70.00 rupees and Commercial Leasing and Finance closed flat at 3.90 rupees.

NDB closed 2.70 rupees lower at 152.00 rupees and Aitken Spence closed 90 cents lower at 113.10 rupees.

Lanka Orix Leasing Company closed flat at 65.00 rupees and Carson Cumberbatch closed flat at 385.00 rupees.