Sri Lanka stocks close up 0.4-pct

Aug 11, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with the turnover crossing one billion rupee mark amid net foreign buying, brokers said. Foreign investors bought 182.33 million rupees worth shares while selling 91.36 million rupees worth shares.

CT Holdings closed 11.40 rupees higher at 159.90 rupees and Dialog Axiata closed 20 cents higher at 11.00 rupees, contributing most to the index gain.

National Development Bank closed 9.00 rupees higher at 229.00 rupees and Commercial Leasing and Finance closed 20 cents lower at 4.40 rupees.

The Securities and Exchange Commission on Monday directed the CSE to cancel the sale of PC Pharma’s 31 percent stake by Adam Investments with immediate effect.

The CSE has also imposed a trading halt on PCH Holdings pending further clarification on the disclosure made by them on last Friday.

The Colombo benchmark All Share Price Index closed 24.69 points higher at 6,942.92, up 0.36percent. The S&P SL20 closed 16.67 points higher at 3,818.54, up 0.44 percent.

Turnover was 1.15 billion rupees, down from 1.58 billion rupees last Friday with 115 stocks closed positive against 79 negative.

Hayleys closed 1.30 rupees lower at 309.70 rupees with an off-market transaction of 45.00 million rupees changing hands at 300.00 rupees per share contributing 4 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented only 12 percent of the turnover.

John Keells Holdings closed 30 cents higher at 239.50 rupees with market transactions of 86.93 million rupees contributing 8 percent of the turnover.

First Capital Holdings closed 3.20 rupees higher at 29.40 rupees and Orient Finance closed 20 cents higher at 14.80 rupees, attracting most number of trades during the day.