Sri Lanka stocks close up 0.2-pct

Nov 18, 2013 (LBO) – Sri Lanka stocks closed higher with diversified stocks picking up amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 13.51 points higher at 5,824.48, up 0.23 percent. The S&P SL20 closed 25.63 points higher at 3,200.31, up 0.81 percent.

Turnover was 936.44 million rupees, up from 234.29 million rupees last Friday, with stocks of 108 firms closing in the red against 48 gainers.

Commercial Leasing and Finance closed flat with a major 650 million rupee off market transaction contributing to 69 percent of total turnover.

Foreigners brought 134 million rupees worth shares while selling 58 million rupees of shares.

JKH closed 4.10 rupees higher at 214.50 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 1.40 rupees higher at 59.60 rupees and JKH’s W0023 warrants closed 2.50 rupees higher at 64.00 rupees.

Ceylon Tobacco Company closed 14.50 rupees higher at 1,069.50 rupees and Sri Lanka Telecom closed 1.20 rupees higher at 38.70 rupees.

Commercial Bank closed 1.40 rupees higher at 114.40 rupees and Carson Cumberbatch closed 5.00 rupees higher at 380.00 rupees.

Nestle Lanka closed 63.50 rupees lower at 1,868.20 rupees and Dialog closed 10 cents lower at 9.00 rupees.

Ceylinco Insurance closed 33.20 rupees lower at 1,300.00 rupees.

HNB closed 20 cents higher at 144.50 rupees and Sampath Bank closed 90 cents higher at 165.90 rupees.

Lanka Orix Leasing Company closed 40 cents higher at 63.50 rupees and DFCC closed 40 cents higher at 120.00 rupees.

Aitken Spence closed 1.90 rupees higher at 112.00 rupees and Asian Hotels and Properties closed 1.80 rupees higher at 69.80 rupees.

Bukit Darah closed flat at 675.00 rupees and Cargills Ceylon closed flat at 150.00 rupees.

Distilleries closed 2.70 rupees higher at 186.70 rupees and Touchwood closed 20 cents lower at 3.10 rupees.