Sri Lanka stocks down 0.1-pct, rupee weaker

July 16, 2013 (LBO) – Sri Lanka’s stocks closed down 0.13 percent on Tuesday with large cap stocks making losses and the rupee weakened in forex markets, brokers and dealers said.

Nestle Lanka closed at 1,930.00 up 11.90 rupees and Aitken Spence closed at 125.00 rupees down 1.00 rupees. The benchmark Colombo All Share Index closed 07.55 points lower at 6,007.65 and the S&P SL 20 Index closed 11.02 points lower at 3,386.42 down 0.32 percent.

Turnover was 737 million rupees up from 440 million from a day earlier.

In the Forex Market the spot net US Dollar where settlement is made three days ahead weakened as much as 131.45-55 per Dollar, dealer said.

While in the equities market, foreigners brought 474 million rupees worth shares while selling 53 million rupees of shares, in a day that 61 stocks advanced and 109 stocks declined.

Sri Lanka Telecom contributed most to the index closing at 40.00 rupees up 1.00 rupees while H D B Capital Holdings closed at 493.00 up 7.13 rupees and Chevron Lubricants Lanka closed at 314.80 rupees up 7.80 rupees.

Negative contributors were John Keells Holdings closing at 246.20 rupees down 2.40 rupees. Commercial Leasing & Finance closed at 3.90 down 20 cents and Carson Cumberbatch closing at 420.00 rupees down 05.00 rupees.

In the banking sector, DFCC closed at 128.50 rupees down 90 cents, Sampath Bank closed at 196.30 down 1.70 rupees, Pan Asia closed flat at 18.00 rupees and Hatton National Bank closed at 155.00 rupees down 2.00 rupees.

Three crossing were record today by JKH crossed 1.2 million shares at 247 rupees a share, Sampath Bank 305,000 shares crossed at 196.50 rupees and Commercial Bank 200,000 shares crossed at 116 rupees. The crossings contributed 54 percent for today’s turnover.

Ceylon Tobacco Company closed flat at 1,000.00 rupees while Distilleries Company closed at 189.60 rupees up 1.50 rupees.