Sri Lanka stocks end 0.4-pct lower

Jan 06, 2014 (LBO) – Sri Lanka stocks close down 0.48 percent Monday with diversified stocks losing ground amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 28.81 points lower at 5,944.99, down 0.48 percent. The S&P SL20 closed 12.45 points lower at 3,282.37, down 0.38 percent.

Turnover was 462.20 million rupees, up from 349.63 million rupees last Friday, with stocks of 150 firms closing in the red against 52 gainers.

JKH topped the market turnover list with transactions of 46.67 million rupees contributing to 10 percent of turnover today.

Commercial Bank closed 80 cents higher at 120.90 rupees with an off market transaction of 56.15 million rupees contributing to 12 percent of turnover.

Madulsima Plantations closed flat at 12.40 rupees and Maskeliya Plantations closed 1.40 rupees higher at 12.40 rupees, attracting most number of trades during the day.

Foreigners bought 157 million rupees worth shares while selling 86 million rupees of shares.

Distilleries closed 4.90 rupees lower at 195.00 rupees and JKH closed 1.40 rupees lower at 227.50 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 1.50 rupees lower at 80.60 rupees and its W0023 warrants closed 3.40 rupees lower at 88.60 rupees.

Ceylinco Insurance closed 68.40 rupees lower at 1,276.60 rupees and A I A Insurance closed 30.20 rupees lower at 254.80 rupees.

Aitken Spence closed 1.90 rupees lower at 103.10 rupees and Carson Cumberbatch closed flat at 357.00 rupees.

Nestle Lanka closed 10 cents lower at 2,115.00 rupees and Ceylon Tobacco Company closed 1.90 rupees lower at 1,186.30 rupees.

Bukit Darah closed 3.00 rupees lower at 615.00 rupees and Cargills Ceylon closed 3.00 rupees lower at 148.00 rupees.

Asian Hotels and Properties closed flat at 64.50 rupees and Commercial Leasing and Finance closed 10 cents lower at 3.90 rupees.

DFCC closed 1.00 rupee lower at 134.00 rupees and Lanka Orix Leasing Company closed 10 cents lower at 71.90 rupees.

HNB closed 10 cents lower at 148.00 rupees.