Sri Lanka stocks close lower

Feb 13, 2014 (LBO) – Sri Lanka stocks close 0.02 percent lower for the second consecutive day with diversified stocks losing ground, brokers said. Commercial Leasing and Finance closed 10 cents higher at 4.10 rupees and Cargills Ceylon closed 1.00 rupee lower at 147.00 rupees.

Bukit Darah ended 10 cents lower at 600.30 rupees and Nestle Lanka ended flat at 2,100.00 rupees.

The Colombo benchmark All Share Price Index closed 1.09 points lower at 6,083.39, down 0.02 percent. The S&P SL20 closed 11.20 points lower at 3,325.76, down 0.34 percent.

Turnover was 665.01 million rupees, up from 548.63 million rupees a day earlier, with stocks of 76 firms closing in the red against 94 gainers.

JKH topped the turnover contribution with 133.83 million rupees of market transactions contributing to 20 percent of the total turnover.

The aggregate value of off market deals accounted for 20 percent of the daily market turnover.

JKH’s W0022 warrants closed 40 cents higher at 63.00 rupees and its W0023 warrants closed 1.00 rupee higher at 66.00 rupees, attracting most number of trades during the day.

Foreigners bought 226.99 million rupees worth shares while selling 108.02 million rupees of shares.

JKH closed 3.30 rupees lower at 222.00 rupees and Carson Cumberbatch ended 7.00 rupees lower at 350.00 rupees, contributing most to the index drop.

Distilleries closed 2.20 rupees lower at 215.00 rupees and Ceylon Tobacco Company closed 10.00 rupees higher at 1,250.00 rupees.

SLT closed 1.20 rupees higher at 42.50 rupees and Dialog closed 10 cents higher at 9.20 rupees.