Sri Lanka stocks close up 0.5-pct

Apr 01, 2014 (LBO) – Sri Lanka’s stocks close up crossing the 6,000 mark Tuesday with diversified and tobacco stocks gaining amid net foreign buying on the board, brokers said. The Colombo benchmark All Share Price Index closed 33.52 points higher at 6,001.83 up 0.56 percent. The S&P SL20 closed 19.98 points higher at 3,299.90, up 0.61 percent.

Turnover was 341.54 million rupees, down from 464.39 million rupees a day earlier with 92 stocks close positive against 66 negative.

Oil palm firm Shalimar closed 150.00 rupees higher at 1,400.00 rupees with an off market transaction of 115.55 million rupees contributing to 34 percent of the daily turnover.

Foreign investors bought 198.47 million rupees worth shares while selling 16.86 million rupees worth shares.

John Keells Holdings closed 5.30 rupees higher at 232.30 rupees and Ceylon Tobacco Company closed 2.00 rupees higher at 1,075.00 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 90 cents higher at 69.50 rupees and its W0023 warrants closed 1.10 rupees higher at 73.00 rupees, attracting most number of trades.

Sampath Bank closed 6.80 rupees lower at 175.30 rupees also attracting trades and Commercial Bank closed 1.00 rupee lower at 120.10 rupees.

DFCC Bank closed 5.20 rupees higher at 149.10 rupees and NDB closed 1.40 rupees higher at 180.00 rupees.

Seylan Bank closed 2.30 rupees lower at 61.40 rupees and Nations Trust Bank closed 1.40 rupees lower at 63.50 rupees amid the appointment of a new chairman.

Bukit Darah closed 8.90 rupees higher at 599.80 rupees and Nestle Lanka closed 4.60 rupees lower at 1,993.30 rupees.

Sri Lanka Telecom closed 70 cents lower at 45.40 rupees and Dialog Axiata closed 10 cents higher at 9.10 rupees.