Sri Lanka stocks up 0.2-pct

Apr 16, 2013 (LBO) – Sri Lanka’s stocks closed up 0.2 percent with volumes boosted by a foreign strategic buying in Pan Asia Bank, brokers said. Nestle Lanka closed at 1769.00rupees down by 1.00 rupees.

Dialog Axiata closed flat 9.30 rupees while Index heavy John Keells Holdings gained 0.70rupees to close at 248.50 rupees.

Distilleries Company of Sri Lanka close at 163.40 rupees down by 0.60 rupees

Aitken Spence closed at 120.00 down by 0.10 rupees after spiking to 123.00 rupees.

The benchmark Colombo All Share Index closed 12.80 points higher at 5,852.68 up 0.22 percent and the S&P SL 20 Index closed 26.55 points higher at 3,360.09 up 0.80 percent.

Turnover was 1,579 million rupees.

A 15 percent stake in Pan Asia Bank was bought by Bansei Securities Co. Ltd, a foreign investor for 929 million rupees paying 21 rupees per share.

Pan Asia closed at 20.30 down 1.20 rupees. Union Bank of Colombo closed 20.20 down by 0.80 rupees.

DFCC Bank gained 4.40 rupees to close at 144.40 rupees Commercial Leasing and Finance lost 0.20 rupees to close at 4.70 rupees. Commercial Bank of Ceylon closed flat at 80 rupees.

Sampath Bank closed at 218.60 rupees down by 0.30 rupees. The bank said in a stock exchange filing that 916,007 ordinary shares that were issued as a stock dividend were listed from April 16.