Sri Lanka shares close up 0.2-pct

June 25, 2014 (LBO) – Sri Lanka’s shares closed 0.17 percent higher with index heavy John Keells Holdings contributing most to the index gain for the second straight session amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.68 points higher at 6,321.55, up 0.17 percent. The S&P SL20 closed 5.43 points higher at 3,501.55, up 0.16 percent.

Turnover was 705.26 million rupees, down from 874.88 million rupees a day earlier with 84 stocks closed positive against 86 negative.

John Keells Holdings closed 2.10 rupees higher at 223.90 rupees with three off-market transactions of 132.79 million rupees changing hands at 223.00 rupees per share contributing 19 percent of the turnover.

JKH’s W0022 warrants closed 80 cents higher at 60.80 rupees and its W0023 warrants closed flat at 71.00 rupees.

The aggregate value of all off-the-floor deals represented 24 percent of the daily turnover.

Central Investments and Finance closed 50 cents higher at 1.20 rupees, attracting most number of trades during the day.

Foreign investors bought 345.29 million rupees worth shares while selling 206.57 million rupees worth shares.

Property Development closed 16.10 rupees higher at 102.20 rupees and East West properties closed 10 cents higher at 13.00 rupees.

Lanka Orix Leasing Company closed 1.90 rupees higher at 91.90 rupees and Union Assurance closed 3.90 rupees lower at 106.10 rupees.

Cargills Ceylon closed 4.80 rupees lower at 150.00 rupees and Nestle Lanka closed 10.60 rupees lower at 1,930.40 rupees.

Hayleys closed 5.00 rupees lower at 285.00 rupees and Aitken Spence closed flat at 104.00 rupees.

Adam Investments has acquired 18,516,585 shares of PC Pharma on June 23, 2014 amounting to 18.33 percent of the shares of PC Pharma on the trading floor of the CSE, the firm said in a stock exchange filing.

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