Sri Lanka stocks close up 0.8-pct

Nov 12, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of Access Engineering and People’s Leasing and Finance amid foreigners remained active closing as net buyers, brokers said. Foreign investors bought 584.82 million rupees worth shares while selling 397.45 million rupees worth shares.

Access Engineering closed 2.30 rupees higher at 36.80 rupees, People’s Leasing and Finance closed 1.30 rupees higher at 24.00 rupees and Lanka IOC closed 3.60 rupees higher at 67.50 rupees attracting most number of trades during the day while contributing most to the index gain.

The Colombo benchmark All Share Price Index closed 56.69 points higher at 7,469.41, up 0.76 percent.

The S&P SL20 closed 16.59 points higher at 4,136.59, up 0.40 percent.

Turnover was 2.68 billion rupees, up from 1.64 billion rupees a day earlier with 133 stocks closed positive against 67 negative.

Chevron Lubricants Lanka closed 4.40 rupees higher at 348.40 rupees with off market transactions of 234.52 million rupees changing hands at 342.00 rupees per share contributing 9 percent of the turnover.

The aggregate value of all off-the-floor deals represented 14 percent of the daily turnover.