Sri Lanka stocks close down 0.14-pct: Lack of direction for investors

Sep 15, 2015 (LBO) – Sri Lankan stocks closed down 0.14 percent on Tuesday following with low investor sentiment and losses in index heavy stocks, brokers said.

The Colombo benchmark All Share Price Index closed down 10.01 points at 7,152.43 lower 0.14 percent.

S&P SL20 closed 4.48 points lower at 3,915.15 down 0.11 percent.

“There seems to be a lack of direction for investors in terms of policy as the government is still new,” Lanka Securities said.

Turnover was 613 million rupees, down 696 million rupees, Monday with 70 stocks closing positive against 88 negative.

The main index showed losses in Carsons and Cumberbatch closing at 395.00 rupees, down 5.00 rupees and Dialog Axita closing at 11.20 rupees down 0.10 rupees.

Hemas Holdings closed 87.00 rupees, down 1.40 rupees.

Some banking stocks also made losses with Commercial Bank closing at 167.90 rupees, down 0.10 rupees and DFCC Bank closed at 183.10 rupees, down 1.70 rupees.

John Keells Holdings closed at 174.10 rupees, up 0.10 rupee while JKH warrant 22 closed at 8.60 rupees, down0.40 rupees with the warrant hitting a all time low price of  8.20 during the day’s trading.