Sri Lanka shares end weaker

Mar 18, 2014 (LBO) – Sri Lanka’s shares end 0.11 percent lower with food and beverages firm Nestle losing ground amid net foreign selling on the board, brokers said. Carson Cumberbatch closed 5.00 rupees lower at 345.00 rupees and Bukit Darah closed 3.90 rupees higher at 555.00 rupees.

Ceylon Tobacco Company closed flat at 1,120.00 rupees and John Keells Holdings closed 90 cents higher at 219.00 rupees.

JKH’s W0022 warrants closed 2.00 rupees higher at 64.00 rupees and its W0023 warrants closed 2.40 rupees higher at 67.30 rupees.

Commercial Bank closed 50 cents higher at 115.00 rupees and Lanka Orix Leasing Company closed 2.00 rupees lower at 75.00 rupees.

Distilleries closed 30 cents lower at 199.20 rupees.

Associated Motor Finance Company closed flat at 308.00 rupees with the company on Monday allowed a due diligence in line with central bank’s financial sector consolidation process. The Colombo benchmark All Share Price Index closed 6.47 points lower at 5,907.64 down 0.11 percent. The S&P SL20 closed 1.22 points higher at 3,214.64, up 0.04 percent.

Turnover was 509.27 million rupees, up from 91.19 million rupees a day earlier with 91 stocks close positive against 74 negative.

Foreign investors bought 307.99 million rupees worth shares while selling 369.22 million rupees of shares.

Nestle Lanka closed 78.40 rupees lower at 1,912.10 rupees and Commercial Leasing and Finance closed 20 cents lower at 3.80 rupees, contributing most to the index drop.

Asiri Surgical closed 10 cents higher at 13.90 rupees and Sampath Bank closed 2.60 rupees higher at 178.20 rupees, attracting most number of trades during the day.