Sri Lanka stocks close down 0.4-pct

June 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.42 percent lower with index heavy John Keells Holdings losing ground ahead of the U.S. Federal Reserve’s policy statement, brokers said. Dialog Axiata closed 10 cents lower at 10.20 rupees and Sri Lanka Telecom also closed 10 cents lower at 47.90 rupees.

Sampath Bank closed 3.00 rupees lower at 193.40 rupees and Commercial Bank closed 30 cents lower at 134.70 rupees.

Nestle Lanka closed 26.40 rupees lower at 1,923.00 rupees.

Chevron Lubricants Lanka closed 4.20 rupees higher at 291.00 rupees and Lanka IOC closed 50 cents higher at 39.50 rupees amid violence in Iraq pushing world oil prices higher.

Colombo commercial high court has appointed a liquidator for Touchwood Investments with effect from 05th June 2014, stock exchange filing said.

The Colombo benchmark All Share Price Index closed 26.80 points lower at 6,317.61, down 0.42 percent. The S&P SL20 closed 21.58 points lower at 3,499.49, down 0.61 percent.

Turnover was 713.88 million rupees, down from 1.08 billion rupees a day earlier with 67 stocks closed positive against 103 negative.

Kelani Tyres closed flat at 66.00 rupees with seven off-market transactions of 147.51 million rupees changing hands at 63.00 rupees per share contributing 21 percent of the turnover.

Bansei Royal Resorts Hikkaduwa closed 60 cents lower at 11.50 rupees, attracting most number of trades during the day.

Foreign investors bought 160.95 million rupees worth shares while selling 202.42 million rupees worth shares.

Index heavy John Keells Holdings closed 5.50 rupees lower at 227.10 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 1.00 rupee lower at 60.00 rupees and its W0023 warrants also closed 1.00 rupee lower at 69.50 rupees.

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