Sri Lanka stocks close up 0.6-pct

July 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher on Monday extending the gains of food, beverages and tobacco sector amid low foreign participation, brokers said.

The Colombo benchmark All Share Price Index closed 37.63 points higher at 6,699.03, up 0.56 percent. The S&P SL20 closed 13.07 points higher at 3,721.23, up 0.35 percent.

Turnover was 597.19 million rupees, down from 1.67 billion rupees last Friday with 114 stocks closed positive against 68 negative.

DIMO closed 29.90 rupees higher at 564.10 rupees with an off-market transaction of 50.05 million rupees changing hands at 550.00 rupees per share contributing 8 percent of the turnover.

Sierra Cables closed 10 cents lower at 2.10 rupees and FLC Hydro Power closed flat at 6.30 rupees, attracting most number of trades during the day.

Foreign investors bought 84.99 million rupees worth shares while selling 56.65 million rupees worth shares.

Lion Brewery Ceylon closed 89.10 rupees higher at 684.20 rupees, contributing most to the index gain.

Dialog Axiata closed 30 cents higher at 11.20 rupees and Sri Lanka Telecom closed 10 cents higher at 56.10 rupees.

Ceylon Tobacco Company closed 5.60 rupees higher at 1,107.30 rupees and Ceylon Tea Services closed 17.50 rupees lower at 700.50 rupees.

Aitken Spence closed 1.10 rupees lower at 107.00 rupees and John Keells Holdings closed 30 cents higher at 240.30 rupees.

JKH’s W0022 warrants closed 20 cents lower at 63.90 rupees and its W0023 warrants closed 40 cents lower at 73.90 rupees.