Sri Lanka stocks close up 0.5-pct

Jan 29, 2014 (LBO) – Sri Lanka stocks close 0.54 percent higher Wednesday ending a two day negative rally with diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 33.31 points higher at 6,252.14, up 0.54 percent. The S&P SL20 closed 30.09 points higher at 3,465.96, up 0.88 percent.

Turnover was 809.31 million rupees, down from 1.45 billion rupees a day earlier, with stocks of 87 firms closing in the red against 104 gainers.

HNB non-voting closed 90 cents higher at 127.90 rupees with two off market transactions of 104.94 million rupees contributing to 13 percent of the turnover.

The aggregate value of all off market deals accounted for 25 percent of the daily market
turnover.

Union Bank closed 1.10 rupees higher at 19.90 rupees, attracting most number of trades during the day.

Foreigners bought 142 million rupees worth shares while selling 160 million rupees of shares.

JKH closed 4.80 rupees higher at 240.70 rupees and Ceylon Tobacco Company closed 24.60 rupees higher at 1,325.60 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 2.20 rupees higher at 77.70 rupees and its W0023 warrants closed 1.00 rupee higher at 81.00 rupees.

Asiri Hospital Holdings closed 1.00 rupee higher at 18.30 rupees and Cargills Ceylon closed 4.50 rupees higher at 155.00 rupees.

Dialog ended 10 cents higher at 9.50 rupees and SLT closed 60 cents lower at 36.00 rupees.

Carson Cumberbatch ended 5.20 rupees lower at 345.80 rupees and Bukit Darah ended 2.80 rupees lower at 612.00 rupees.

Ceylinco Insurance ended 18.20 rupees higher at 1,340.00 rupees and Commercial Bank closed 50 cents higher at 127.60 rupees.

Distilleries closed 2.40 rupees higher at 210.10 rupees and Nestle Lanka ended 13.80 rupees higher at 2,139.00 rupees.

Touchwood Investments ended flat at 3.10 rupees.