Sri Lanka stocks close lower

May 23, 2014 (LBO) – Sri Lanka’s stocks closed 0.16 percent lower with tobacco stocks losing ground despite foreign buying, brokers said. Indo-Malay closed 150.00 rupees lower at 1,700.00 rupees and Shalimar (Malay) closed 98.00 rupees lower at 1,600.00 rupees.

Asian Hotels and Properties closed 2.30 rupees lower at 70.00 rupees and Trans Asia Hotels closed 1.20 rupees higher at 95.00 rupees.

Distilleries closed 2.50 rupees lower at 207.50 rupees and Lion Brewery Ceylon closed 8.70 rupees lower at 440.00 rupees.

Dialog Axiata closed 10 cents higher at 9.80 rupees and Sri Lanka Telecom closed 20 cents higher at 48.10 rupees.

Nestle Lanka closed 9.80 rupees higher at 1,960.10 rupees.

The Colombo benchmark All Share Price Index closed 9.86 points lower at 6,280.31 down 0.16 percent. The S&P SL20 closed 5.62 points lower at 3,459.43, down 0.16 percent.

Turnover was 804.00 million rupees, up from 612.40 million rupees a day earlier with 103 stocks closed positive against 81 negative.

John Keells Holdings closed 1.60 rupees higher at 234.00 rupees with market transactions of 289.30 million rupees contributing 36 percent of the daily turnover.

JKH’s W0022 warrants closed 50 cents higher at 62.30 rupees and its W0023 warrants closed 20 cents higher at 68.80 rupees.

Commercial Bank closed flat at 126.50 rupees with an off market deal of 22.14 million rupees contributing 3 percent of the turnover.

Lanka Indian Oil Company closed 1.40 rupees lower at 42.00 rupees and Kelani Tyres closed 1.50 rupees higher at 63.10 rupees, attracting most number of trades during the day.

Foreign investors bought 413.90 million rupees worth shares while selling 117.21 million rupees worth shares.

Ceylon Tobacco Company closed 20.10 rupees lower at 1,061.90 rupees, contributing most to the index drop.