Sri Lanka stocks close up 0.6-pct

Oct 01, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher with telco and diversified stocks gaining amid net foreign buying, brokers said.

The Colombo benchmark All Share Price Index closed 40.94 points higher at 7,293.08, up 0.56 percent. The S&P SL20 closed 26.81 points higher at 4,065.11, up 0.66 percent.

Turnover was 2.65 billion rupees, down from 4.29 billion rupees a day earlier with 110 stocks closed positive against 87 negative.

Arpico Finance closed 1.90 rupees lower at 160.40 rupees with an off-market transaction of 501.09 million rupees changing hands at 166.00 rupees per share contributing 19 percent of the turnover.

The aggregate value of all off-the-floor deals represented 37 percent of the daily turnover.

Singer Finance Lanka closed 1.70 rupees higher at 19.90 rupees, attracting most number of trades during the day.

Foreign investors bought 620.94 million rupees worth shares while selling 545.86 million rupees worth shares.

Domestic investors bought 2.03 billion rupees worth shares while selling 2.11 billion rupees worth shares.

Dialog Axiata closed 50 cents higher at 12.00 rupees and John Keells Holdings closed 2.00 rupees higher at 255.70 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 50 cents higher at 76.00 rupees and its W0023 warrants closed 2.20 rupees higher at 82.20 rupees.

Commercial Bank of Ceylon closed 2.10 rupees higher at 158.00 rupees and DFCC Bank closed 5.50 rupees higher at 205.80 rupees.

Hatton National Bank closed 3.70 rupees higher at 194.10 rupees.