Sri Lanka stocks close up 0.4-pct

Jan 24, 2014 (LBO) – Sri Lanka stocks close up 0.47 percent Friday with telco and tobacco stocks gaining, brokers said. Sri Lanka Telecom on Friday confirmed that they have not negotiated to purchase Hutch. SLT closed 40 cents lower at 36.60 rupees.

Cargills Ceylon closed 3.30 rupees higher at 153.40 rupees and Nestle Lanka ended 10.60 rupees higher at 2,150.50 rupees.

Carson Cumberbatch ended 80 cents lower at 355.00 rupees and Bukit Darah closed 1.40 rupees higher at 612.00 rupees.

Ceylon Cold Stores ended 2.00 rupees higher at 155.00 rupees.

The Colombo benchmark All Share Price Index closed 29.49 points higher at 6,255.63, up 0.47 percent. The S&P SL20 closed 8.97 points higher at 3,478.09, up 0.26 percent.

Turnover was 1.45 billion rupees, down from 1.9 billion rupees a day earlier, with stocks of 78 firms closing in the red against 115 gainers.

Aitken Spence closed 1.20 rupees lower at 103.80 rupees with four off market transactions of 386.80 million rupees contributing to 27 percent of the turnover.

S M B Leasing closed 30 cents higher at 1.50 rupees, attracting most number of trades during the session.

Foreigners bought 299 million rupees worth shares while selling 684 million rupees of shares.

Ceylon Tobacco Company closed 21.30 rupees higher at 1,251.30 rupees and Dialog closed 20 cents higher at 9.50 rupees, contributing most to the index gain.

C T Holdings closed 6.40 rupees higher at 150.00 rupees and Distilleries closed 2.90 rupees higher at 205.00 rupees.

Commercial Bank closed 70 cents lower at 129.90 rupees and JKH closed 1.20 rupees lower at 247.00 rupees.

JKH’s W0022 warrants closed 10 cents lower at 80.00 rupees and its W0023 warrants closed 20 cents lower at 85.00 rupees.