Sri Lanka stocks close up 0.1-pct

June 09, 2014 (LBO) – Sri Lanka’s stocks closed higher with telco and oil palm stocks gaining amid strong foreign buying mostly into conglomerate John Keells Holdings, brokers said. Lanka Orix Finance closed 20 cents higher at 3.80 rupees and Lanka Orix Leasing closed 50 cents higher at 80.50 rupees.

Cargills Ceylon closed 3.50 rupees higher at 146.00 rupees and Ceylon Tobacco Company closed 12.50 rupees lower at 1,017.00 rupees.

Nestle Lanka closed 37.70 rupees lower at 1,910.60 rupees and Ceylon Cold Stores closed 1.90 rupees lower at 155.00 rupees.

The Colombo benchmark All Share Price Index closed 7.89 points higher at 6,287.03, up 0.13 percent. The S&P SL20 closed 0.52 points higher at 3,479.69, up 0.01 percent.

Turnover was 1.40 billion rupees, up from 835.02 million rupees last Friday with 120 stocks closed positive against 72 negative.

John Keells Holdings closed 10 cents lower at 234.80 rupees with seven off-market transactions of 708.09 million rupees changing hands at 235.00 rupees per share contributing 51 percent of the turnover.

JKH’s W0022 warrants closed 30 cents lower at 63.90 rupees and its W0023 warrants closed 1.50 rupees lower at 73.00 rupees.

Hayleys Mgt Knitting Mills closed 1.60 rupees higher at 12.70 rupees and The Finance Company non-voting closed 20 cents higher at 8.40 rupees, attracting most number of trades during the day.

Foreign investors bought 1.02 billion rupees worth shares while selling 98.49 million rupees worth shares, extending the year-to-date net foreign inflows to 5.10 billion rupees.

Sri Lanka Telecom closed 80 cents higher at 47.50 rupees and oil palm firm Selinsing closed 199.00 rupees higher at 1,800.00 rupees, contributing most to the index gain.

Carson Cumberbatch group’s oil palm firms Good Hope closed 100.00 rupees higher at 1,800.00 rupees and Shalimar (Malay) closed 50.00 rupees higher at 1,800.00 rupees.