Sri Lanka stocks close up 0.9-pct

Jan 22, 2014 (LBO) – Sri Lanka stocks close up 0.96 percent reversing Tuesday’s losses with tobacco and diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 59.13 points higher at 6,212.67, up 0.96 percent. The S&P SL20 closed 30.10 points higher at 3,458.26, up 0.88 percent.

Turnover was 1.39 billion rupees, up from 414.14 million rupees a day earlier, with stocks of 60 firms closing in the red against 140 gainers.

JKH topped the turnover list with market transactions of 240.77 million rupees contributing to 17 percent of the total turnover today.

Chevron Lubricants ended 10.40 rupees higher at 294.40 rupees with an off market transaction of 126.68 million rupees contributing to 9 percent of the turnover.

The Finance Company closed 60 cents higher at 14.30 rupees and S M B Leasing closed 30 cents higher at 1.30 rupees, attracting most number of trades during the session.

Foreigners bought 597 million rupees worth shares while selling 307 million rupees of shares.

Ceylon Tobacco Company closed 24.00 rupees higher at 1,226.00 rupees and JKH closed 2.50 rupees higher at 249.50 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 4.20 rupees higher at 84.30 rupees and its W0023 warrants closed 4.70 rupees higher at 89.90 rupees.

Commercial Bank closed 1.30 rupees higher at 128.50 rupees and Nation Lanka Finance closed 40 cents higher at 8.70 rupees.

Cargills Ceylon closed 10 cents lower at 145.00 rupees amid its banking venture Cargills Bank Limited getting the license for commercial banking operations from Tuesday.

Nestle Lanka ended 5.50 rupees higher at 2,130.50 rupees and Distilleries closed 3.40 rupees higher at 203.40 rupees.

Carson Cumberbatch ended 9.10 rupees lower at 359.00 rupees and Bukit Darah closed 2.70 rupees lower at 612.30 rupees.

People’s Leasing and Finance ended 70 cents higher at 15.00 rupees.