Sri Lanka stocks close up 0.8-pct

Nov 07, 2014 (LBO) – Sri Lanka’s stocks closed 0.78 percent higher with tobacco and diversified stocks gaining amid strong foreign purchases, brokers said. Ceylon Tobacco Company closed 19.80 rupees higher at 1,150.00 rupees and John Keells Holdings closed 3.00 rupees higher at 258.00 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 50 cents higher at 73.90 rupees and its W0023 warrants closed flat at 79.00 rupees.

Dialog Axiata closed 30 cents higher at 12.50 rupees and Lanka IOC closed 3.90 rupees higher at 63.10 rupees.

The Colombo benchmark All Share Price Index closed 57.69 points higher at 7,416.15, up 0.78 percent. The S&P SL20 closed 26.19 points higher at 4,128.30, up 0.64 percent.

Turnover was 2.52 billion rupees, up from 2.10 billion rupees last Wednesday with 113 stocks closed positive against 86 negative.

The aggregate value of all off-the-floor deals represented 16 percent of the daily turnover.

Lanka IOC attracted most number of trades during the day.

Foreign investors bought 1.03 billion rupees worth shares while selling 294.94 million rupees worth shares.