Sri Lanka stocks close up 0.4-pct

Dec 27, 2013 (LBO) – Sri Lanka stocks end 0.48 percent higher Friday with a tea export firm dominating trade, brokers said. Lanka Orix Leasing Company closed 80 cents higher at 75.00 rupees and Commercial Leasing and Finance closed 10 cents higher at 4.00 rupees.

Commercial Bank closed 20 cents lower at 120.90 rupees and HNB closed flat at 143.00 rupees.

Sampath Bank closed 50 cents higher at 169.00 rupees and DFCC closed 30 cents lower at 126.50 rupees.

The Colombo benchmark All Share Price Index closed 28.17 points higher at 5,876.66, up 0.48 percent. The S&P SL20 closed 17.51 points higher at 3,240.63, up 0.54 percent.

Turnover was 1.33 billion rupees, up from 114.93 million rupees a day earlier, with stocks of 51 firms closing in the red against 121 gainers.

Ceylon Tea Services, a company connected to Sri Lanka’s Dilmah tea brand, closed 9.60 rupees higher at 680.00 rupees with off market transactions of 544 million rupees contributing to 41 percent of total turnover.

JKH’s W0022 warrants closed 6.60 rupees higher at 74.20 rupees and its W0023 warrants closed 6.30 rupees higher at 89.50 rupees, attracting most number of trades during the day.

Foreigners bought 122 million rupees worth shares while selling 108 million rupees of shares.

JKH closed 5.00 rupees higher at 225.00 rupees and C T Holdings closed 7.20 rupees higher at 148.00 rupees, contributing most to the index gain.

Nestle Lanka closed 21.00 rupees higher at 2,131.00 rupees and Lion Brewery closed 8.10 rupees higher at 359.10 rupees.

Ceylon Tobacco Company closed 13.40 rupees lower at 1,128.60 rupees and Aitken Spence closed 50 cents higher at 103.50 rupees.

Distilleries closed 10 cents higher at 190.30 rupees and Bukit Darah closed 80 cents higher at 615.90 rupees.

Carson Cumberbatch closed 2.00 rupees higher at 344.00 rupees and Cargills Ceylon closed 1.50 rupees higher at 148.00 rupees.