Sri Lanka stocks close up 0.5-pct

Jan 07, 2014 (LBO) – Sri Lanka stocks end 0.54 percent higher Tuesday with banking and tobacco stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 32.08 points higher at 5,977.07, up 0.54 percent. The S&P SL20 closed 19.21 points higher at 3,300.45, up 0.59 percent.

Turnover was 716.25 million rupees, up from 462.20 million rupees a day earlier, with stocks of 75 firms closing in the red against 115 gainers.

HNB closed 1.80 rupees higher at 149.80 rupees with off market transactions of 228.11 million rupees contributing to 32 percent of total turnover today.

Expolanka Holdings closed 10 cents higher at 8.10 rupees, attracting most number of trades during the day.

Foreigners bought 263 million rupees worth shares while selling 145 million rupees of shares.

Ceylon Tobacco Company closed 11.90 rupees higher at 1,198.20 rupees and Commercial Bank closed 2.00 rupees higher at 122.90 rupees, contributing most to the index gain.

Sri Lanka Telecom closed 80 cents higher at 37.60 rupees and A I A Insurance closed 30.20 rupees higher at 285.00 rupees.

Cargills Ceylon closed 4.80 rupees lower at 143.20 rupees and JKH closed 30 cents higher at 227.80 rupees.

JKH’s W0022 warrants closed 4.30 rupees higher at 84.90 rupees and its W0023 warrants closed 4.60 rupees higher at 93.20 rupees.

Nestle Lanka closed flat at 2,115.00 rupees and Distilleries also closed flat at 195.00 rupees.

Ceylinco Insurance closed 23.40 rupees higher at 1,300.00 rupees and Bukit Darah closed 80 cents higher at 615.80 rupees.

Aitken Spence closed 80 cents higher at 103.90 rupees and Carson Cumberbatch closed flat at 357.00 rupees.

Asian Hotels and Properties closed 40 cents lower at 64.10 rupees and Commercial Leasing and Finance closed flat at 3.90 rupees.

DFCC closed 80 cents higher at 134.80 rupees and Lanka Orix Leasing Company closed 10 cents higher at 72.00 rupees.