Sri Lanka shares close up 0.1-pct

June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent.

Turnover was 484.95 million rupees, down from 705.26 million rupees a day earlier with 95 stocks closed positive against 72 negative.

Hemas Holdings closed 20 cents lower at 43.60 rupees with two off-market transactions of 43.50 million rupees changing hands at 43.50 rupees per share contributing 9 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented 22 percent of the daily turnover.

Ceylon Leather Products W0014 closed 50 cents lower at 2.80 rupees and Central Investments and Finance closed flat at 1.20 rupees, attracting most number of trades during the day.

Foreign investors bought 127.80 million rupees worth shares while selling 81.46 million rupees worth shares.

Commercial Bank closed 2.20 rupees higher at 137.20 rupees and Property Development closed 21.60 rupees higher at 123.80 rupees, contributing most to the index gain.

Nestle Lanka closed 19.60 rupees higher at 1,950.00 rupees and Ceylon Beverage Holdings closed 30.00 rupees higher at 540.00 rupees.

Ceylinco Insurance closed 30.00 rupees higher at 1,350.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees.

Sri Lanka Telecom closed 80 cents lower at 46.70 rupees and Dialog Axiata closed 10 cents lower at 10.50 rupees.

Aitken Spence closed 80 cents lower at 103.20 rupees and John Keells Holdings closed 1.10 rupees lower at 222.80 rupees.

JKH’s W0022 warrants closed 80 cents lower at 60.00 rupees and its W0023 warrants closed 50 cents lower at 70.50 rupees.

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