Sri Lanka stocks close 0.5-pct higher, rupee steady

Oct 08, 2013 (LBO) - Sri Lanka stocks closed up 0.51 percent on continued investor interest in tobacco stocks and speculative trading and the rupee fell slightly on importer demand, brokers and dealers said. The rupee fell slightly to 131.20/23 against the US dollar in late trading the spot market on importer demand, dealers said. The US dollar was quoted at 131.15/20 rupees at the opening.

A liquid five year Treasury bond was trading at a yield of 11.64/67 percent from an opening of 11.67/70 percent. The Colombo benchmark All Share Price Index closed 29.95 points higher at 5,897.05, up 0.51 percent, provisional data showed, after reaching an intraday high of 5,908.09.

The S&P SL20 closed 12.96 points higher at 3,257.34, up 0.40 percent.

Turnover reached 490.34 million rupees, up from 483.77 million rupees the previous day, with shares of 97 firms gaining against 82 losers.

Foreigners bought shares worth 232.04 million rupees, down from 243.14 million the previous day, and sold shares worth 183.98 million rupees, up from 15.37 million the previous day.

Ceylon Tobacco closed 39.70 rupees higher at 1,115.20 and featured in a single crossing.

Nestle Lanka closed 33.50 rupees higher at 1,995.00 rupees.

Sri Lanka Telecom closed 70 cents higher at 39.30 rupees and Trans Asia Hotels closed 4.50 rupees higher at 89.00 rupees.

CT Holdings closed 2.90 rupees higher at 144.00 rupees.

Finlays Colombo closed 25.50 rupees lower at 259.00 rupees.

National Development Bank closed 3.60 rupees lower at 145.40 rupees.

Ceylon Guardian Investment closed 6.00 rupees lower at 190.00 rupees and Overseas Realty closed 40 cents lower at 17.50 rupees.

Lanka Milk Foods closed 7.20 rupees lower at 109.20 rupees.

JKH closed flat at 219.00 rupees and featured in two crossings.

Speculative trading continued in troubled Touchwood Investments, closing 60 cents higher at 4.70 rupees, with more than 7.64 million shares changing hands during the day.

CIFL closed 10 cents lower at 1.10 rupees with more than 1.27 million shares changing hands.

HVA Foods closed 20 cents higher at 11.70 rupees with more than 2.32 million shares changing hands.

Blue Diamonds closed 10 cents higher at 3.30 rupees with more than 2.27 million shares changing hands.

Nation Lanka closed 50 cents higher at 8.00 rupees with more than 1.54 million shares traded.

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