Sri Lanka stocks close up 0.5-pct

June 02, 2014 (LBO) – Sri Lanka’s stocks closed up 0.46 percent on Monday with diversified conglomerate Carson Cumberbatch gaining amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 14.00 rupees higher at 445.00 rupees and John Keells Holdings closed 1.00 rupee higher at 235.00 rupees.

JKH’s W0022 warrants closed 1.60 rupees higher at 64.00 rupees and its W0023 warrants closed 3.30 rupees higher at 74.00 rupees.

Ceylon Tobacco Company closed 3.70 rupees lower at 1,055.00 rupees and Nestle Lanka closed 7.60 rupees lower at 1,902.40 rupees.

Lanka IOC closed 50 cents lower at 41.50 rupees.

The Colombo benchmark All Share Price Index closed 28.95 points higher at 6,292.41 up 0.46 percent. The S&P SL20 closed 15.58 points higher at 3,470.19, up 0.45 percent.

Turnover was 781.96 million rupees, down from 1.08 billion rupees last Friday with 111 stocks closed positive against 71 negative.

E – Channelling closed 20 cents higher at 14.00 rupees with three off-market transactions of 291.61 million rupees changing hands at the same price per share contributing 37 percent of the daily turnover.

Commercial Credit and Finance closed 2.10 rupees higher at 18.90 rupees and The Finance Company non-voting shares closed 20 cents higher at 7.70 rupees, attracting most number of trades during the day.

Foreign investors bought 496.57 million rupees worth shares while selling 110.46 million rupees worth shares.

Carson Cumberbatch closed 20.90 rupees higher at 400.00 rupees, contributing most to the index gain.

Carson Cumberbatch group’s oil palm firms, Shalimar (Malay) closed 103.70 rupees higher at 1,799.00 rupees and Indo-Malay closed 100.00 rupees higher at 1,800.00 rupees.