Sri Lanka stocks close up 0.5-pct

May 29, 2014 (LBO) – Sri Lanka’s stocks closed up 0.5 percent on Thursday with strong foreign participation amid eased foreign exchange controls, brokers said. Lion Brewery Ceylon closed 16.90 rupees higher at 449.00 rupees and Ceylon Tobacco Company closed flat at 1,065.00 rupees.

Commercial Bank closed 3.60 rupees higher at 129.60 rupees and DFCC Bank closed 2.00 rupees lower at 156.00 rupees.

NDB Capital Holdings closed 29.00 rupees lower at 470.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 3.90 rupees.

The Colombo benchmark All Share Price Index closed 31.01 points higher at 6,303.77 up 0.49 percent. The S&P SL20 closed 36.04 points higher at 3,486.69, up 1.04 percent.

Turnover was 810.92 million rupees, up from 451.16 million rupees a day earlier with 100 stocks closed positive against 78 negative.

John Keells Holdings closed 1.00 rupee higher at 234.00 rupees with three off-market transactions of 194.68 million rupees changing hands at the same market price per share contributing 24 percent of the daily turnover.

JKH’s W0022 warrants closed 80 cents lower at 61.00 rupees and its W0023 warrants closed 10 cents lower at 67.00 rupees.

Kelani Tyres closed 2.10 rupees higher at 65.30 rupees and Lanka Indian Oil Company closed 80 cents higher at 42.40 rupees, attracting most number of trades during the day.

Foreign investors bought 489.74 million rupees worth shares while selling 62.96 million rupees worth shares.

Sri Lanka Telecom closed 2.20 rupees higher at 47.90 rupees and Bukit Darah closed 36.30 rupees higher at 686.30 rupees, contributing most to the index gain.