Sri Lanka stocks close down 0.13-pct

Oct 09, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco and diversified stocks losing ground amid thin foreign participation, brokers said. Ceylon Tobacco Company closed 9.90 rupees lower at 1,150.10 rupees and John Keells Holdings closed 1.10 rupees lower at 252.00 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 60 cents higher at 76.90 rupees and its W0023 warrants closed 10 cents higher at 82.00 rupees.

Nestle Lanka closed 15.00 rupees lower at 2,100.00 rupees.

The Colombo benchmark All Share Price Index closed 9.93 points lower at 7,386.08, down 0.13 percent. The S&P SL20 closed 0.71 points higher at 4,151.35, up 0.02 percent.

Turnover was 1.46 billion rupees, down from 1.74 billion rupees last Tuesday with 82 stocks closed positive against 124 negative.

Hemas Holdings closed 10 cents higher at 61.70 rupees with an off-market transaction of 107.62 million rupees changing hands at 61.50 rupees per share contributing 7 percent of the turnover.

The aggregate value of all off-the-floor deals represented 20 percent of the daily turnover.

Index heavy John Keells Holdings had market transactions totaling 264.58 million rupees contributing 18 percent of the turnover.

Access Engineering closed 1.40 rupees higher at 32.70 rupees, attracting most number of trades during the day.

Foreign investors bought 330.66 million rupees worth shares while selling 339.03 million rupees worth shares.

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