Sri Lanka stocks end down 0.8-pct

Feb 25, 2014 (LBO) – Sri Lanka stocks end 0.80 percent lower Tuesday for the ninth consecutive day with losses in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 47.13 points lower at 5,835.92, down 0.80 percent. The S&P SL20 closed 27.94 points lower at 3,180.06, down 0.87 percent.

Turnover was 426.93 million rupees, down from 499.40 million rupees a day earlier, with stocks of 118 firms closing in the red against 52 gainers.

Index heavy JKH topped the turnover list with 60.04 million rupees of market transactions contributing to 14 percent of the daily turnover.

JKH also had an off market transaction which contributed 8 percent to the daily market turnover.

Laxapana closed flat at 3.60 rupees attracting most number of trades during the day.

Foreigners bought 59.68 million rupees worth shares while selling 176.30 million rupees of shares.

Ceylon Tobacco Company closed 28.90 rupees lower at 1,090.70 rupees and JKH closed 2.70 rupees lower at 206.30 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 80 cents lower at 57.20 rupees and its W0023 warrants closed 10 cents lower at 61.00 rupees.

NDB ended 7.60 rupees lower at 176.00 rupees and Commercial Leasing and Finance closed flat at 3.90 rupees.

Carson Cumberbatch ended 2.20 rupees higher at 352.30 rupees and Lanka IOC closed 80 cents higher at 37.90 rupees.

Bukit Darah ended 6.00 rupees lower at 554.00 rupees and Nestle Lanka ended 10.00 rupees lower at 1,990.00 rupees.

Distilleries closed flat at 207.00 rupees.