Stocks close down 0.3-pct ahead of possible polls call

June 25, 2015 (LBO) – Sri Lanka’s stocks closed lower with index heavy stocks losing ground ahead of possible dissolution of Parliament, brokers said.

The Colombo benchmark All Share Price Index closed 22.50 points lower at 7,031.33 down 0.32 percent and the S&P SL20 closed 14.34 points lower at 3,913.06 down 0.37 percent.

Turnover was 628.15 million rupees, slightly up from 606.36 million rupees Wednesday with 47 stocks closing positive against 97 negative.

The aggregate value of all off the floor deals accounted for 19 percent of the daily market turnover.

Foreigners bought 76 million rupees worth shares while selling 243 million rupees of shares.

Nestle Lanka closed 2.40 rupees lower at 2,098.40 rupees and Lion Brewery Ceylon closed 3.09 rupees lower at 620.20 rupees.

John Keells Holdings closed 49 cents lower at 205.00 rupees.