Sri Lanka stocks close up 0.9-pct

Jan 02, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday with index heavy and diversified firms gaining despite net foreign selling, brokers said. DFCC closed 4.20 rupees higher at 133.20 rupees and Ceylinco Insurance closed 5.00 rupees higher at 1,345.00 rupees.

HNB closed 1.00 rupee higher at 148.00 rupees.

The Colombo benchmark All Share Price Index closed 55.26 points higher at 5,968.04, up 0.93 percent. The S&P SL20 closed 21.52 points higher at 3,285.39, up 0.66 percent.

Turnover was 944.12 million rupees, up from 565.25 million rupees last Tuesday, with stocks of 27 firms closing in the red against 174 gainers.

Commercial Bank closed 40 cents lower at 120.00 rupees with an off market transaction of 431.24 million rupees contributing to 46 percent of turnover today.

JKH’s W0022 warrants closed 7.60 rupees higher at 87.60 rupees and its W0023 warrants closed 2.40 rupees higher at 96.90 rupees, attracting most number of trades during the day.

Foreigners bought 223 million rupees worth shares while selling 574 million rupees of shares.

JKH closed 1.90 rupees higher at 229.20 rupees and Distilleries closed 6.10 rupees higher at 199.10 rupees, contributing most to the index gain.

Ceylon Tobacco Company closed 3.60 rupees higher at 1,188.00 rupees and Nestle Lanka closed 60 cents lower at 2,100.10 rupees.

Carson Cumberbatch closed flat at 350.00 rupees and Bukit Darah closed 1.90 rupees lower at 618.00 rupees.

Cargills Ceylon closed 3.00 rupees higher at 150.00 rupees and Aitken Spence closed 1.70 rupees higher at 104.00 rupees.

Commercial Leasing and Finance closed 20 cents higher at 4.00 rupees and Lanka Orix Leasing Company closed 40 cents higher at 73.00 rupees.