Sri Lanka stocks close up 0.7-pct

Mar 27, 2014 (LBO) – Sri Lanka’s stocks close 0.70 percent higher Thursday with diversified John Keells Holdings and Sri Lanka Telecom gaining, brokers said. The Colombo benchmark All Share Price Index closed 41.65 points higher at 5,992.62 up 0.70 percent. The S&P SL20 closed 13.10 points higher at 3,274.15, up 0.40 percent.

Turnover was 1.62 billion rupees, up from 762.29 million rupees a day earlier with 106 stocks close positive against 49 negative.

National Development Bank closed 90 cents higher at 180.90 rupees with off market transactions of 1.24 billion rupees contributing to 77 percent of the daily turnover.

Foreign investors bought 114.12 million rupees worth shares while selling 74.07 million rupees worth shares.

The Finance Company non-voting closed 40 cents higher at 6.20 rupees attracting most number of trades during the day.

John Keells Holdings closed 4.80 rupees higher at 222.80 rupees contributing most to the index gain.

JKH’s W0022 warrants closed 2.40 rupees higher at 65.90 rupees and its W0023 warrants closed 2.60 rupees higher at 69.70 rupees.

Sri Lanka Telecom closed 2.30 rupees higher at 46.90 rupees and Dialog Axiata closed 10 cents higher at 9.10 rupees.

Asiri Hospital Holdings closed 1.00 rupee higher at 21.00 rupees and Good Hope closed 138.80 rupees higher at 1,450.30 rupees.

Bukit Darah closed 16.90 rupees lower at 570.10 rupees and Ceylon Tobacco Company closed 2.00 rupees higher at 1,085.00 rupees.

George Steuart Finance closed 7.00 rupees lower at 66.10 rupees and Ceylon Investment closed 2.00 rupees lower at 75.00 rupees.

AIA Insurance Lanka closed 19.40 rupees lower at 270.30 rupees.

Union Assurance closed 1.30 rupees lower at 103.50 rupees with the company commencing a process to divest its general insurance business to a wholly owned subsidiary in line with the segregation requirements of the insurance regulator.

The proposed new company, Union Assurance General will be listed on the CSE later, the company said in a stock exchange filing.