Sri Lanka stocks close up 0.2-pct

May 26, 2014 (LBO) – Sri Lanka’s stocks closed up with telco and other index heavy stocks gaining despite low foreign participation, brokers said. Sri Lanka Telecom closed 70 cents higher at 48.80 rupees and Asian Hotels and Properties closed 2.10 rupees higher at 72.10 rupees, contributing most to the index gain.

Lion Brewery Ceylon closed 9.90 rupees higher at 449.90 rupees and Ceylon Tobacco Company closed 10 cents higher at 1,062.00 rupees.

Oil palm firms Selinsing closed 97.50 rupees higher at 1,697.50 rupees and Indo-Malay closed 96.00 rupees higher at 1,796.00 rupees.

HNB closed 90 cents lower at 157.10 rupees and Commercial Bank closed 10 cents lower at 126.40 rupees.

Aitken Spence Hotel Holdings closed 80 cents lower at 77.20 rupees and John Keells Hotels closed 10 cents lower at 14.90 rupees.

Lanka Indian Oil Company closed 60 cents lower at 41.40 rupees.

The Colombo benchmark All Share Price Index closed 12.71 points higher at 6,293.02 up 0.20 percent. The S&P SL20 closed 3.46 points higher at 3,462.89, up 0.10 percent.

Turnover was 291.32 million rupees, down from 804.00 million rupees last Friday with 84 stocks closed positive against 100 negative.

John Keells Holdings closed flat at 234.00 rupees with an off market transaction of 24.52 million rupees changing hands at the same market price contributing 8 percent of the daily turnover.

JKH’s W0022 warrants closed 70 cents higher at 63.00 rupees and its W0023 warrants closed 10 cents higher at 68.90 rupees.

The Finance Company closed 1.70 rupees higher at 14.00 rupees and its non-voting shares closed 1.00 rupee higher at 7.00 rupees, attracting most number of trades during the day.

Foreign investors bought 56.14 million rupees worth shares while selling 10.10 million rupees worth shares.