Sri Lanka stocks down 0.8-pct

July 08, 2013 (LBO) – Sri Lanka’s stocks closed 0.68 percent lower Monday, amid losses in diversified companies and banking stocks, down 8.0 percent from a May 23 peak so far, brokers said. The benchmark Colombo All Share Index closed at 5995.64, down 52.54 points lower and the and the S&P SL 20 Index closed 31.9 points lower at 3,351.4 down 0.94 percent.

The market has so far dropped eight percent since its peak on 23rd May at 6,488.00 points, ending a rally that was driven by foreign purchases and strong interest in John Keells Holdings among others.

Turnover was 413 million rupees down from 570 million from a day earlier.

Foreigners brought 124 million rupees worth shares while selling 54 million rupees in a day that 56 stocks advanced and 125 stocks declined

Ceylinco Insurance contributed most to the index closing at 1,146.80 rupees up 39.30 rupees, Commercial Bank of Ceylon closed at 113.50 up 20 cents and Peoples Leasing and Finance closed at 14.70 rupees up 10 cents.

Negative contributors included John Keells Holdings closing at 241.00 down 8.00 rupees, Carson Cumberbatch closed at 425.10 rupees down 09.90 rupees and Ceylon Tobacco Company closed at 990.00 rupees up 9.40 rupees.

Pan Asia closed at 18.00 rupees down 10 cents, Union Bank of Colombo closed at 16.20 rupees down 1.30 rupees. Hatton National Bank closed at 158.10 rupees down 10 cents and Sampath Bank closed at 191.80 rupees down 4.00 rupees.

Nations Trust Bank crossed 543,105shares at 65 rupees per share to close at 65.00 rupees up 50 cents.

Nestle Lanka closed at 1,947.20rupees down 40 cents, Aitken Spence closed flat at 125.00 rupees and Chevron Lubricants closed at 302.00 down 3.50 rupees.

The Lion Brewery closed at 395.00 down 04.00 rupees and Distilleries Company closed at 190.00 rupees down 70 cents.