Sri Lanka shares close down 0.4-pct

Dr. Harsha Cabral PC

Aug 27, 2014 (LBO) – Sri Lanka’s shares close 0.41 percent lower Wednesday with oil palm and beverage stocks losing ground amid low foreign participation, brokers said. Lion Brewery Ceylon closed 32.00 rupees lower at 606.00 rupees and Nestle Lanka closed 31.70 rupees lower at 2,118.30 rupees.

CT Holdings closed 6.70 rupees lower at 152.30 rupees and John Keells Holdings closed 3.00 rupees higher at 245.00 rupees.

JKH’s W0022 warrants closed 60 cents higher at 69.10 rupees and its W0023 warrants closed 80 cents higher at 79.10 rupees.

The Colombo benchmark All Share Price Index closed 28.41 points lower at 6,984.91, down 0.41percent. The S&P SL20 closed 9.02 points lower at 3,842.83, down 0.23 percent.

Turnover was 742.11 million rupees, down from 1.73 billion rupees a day earlier with 84 stocks closed positive against 120 negative.

Seylan Developments closed 10 cents higher at 14.10 rupees with an off-market transaction of 28.00 million rupees changing hands at 14.00 rupees per share contributing 4 percent of the daily turnover.

Lanka Century Investments W0006 warrants closed 40 cents lower at 2.10 rupees, attracting most number of trades during the day.

Foreign investors bought 55.49 million rupees worth shares while selling 58.40 million rupees worth shares.

Good Hope closed 470.00 rupees lower at 1,500.00 rupees, contributing most to the index drop.