Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent on Wednesday with low investor activity ahead of next week’s budget with losses in some index heavy and banking sector stocks , brokers said. The Colombo benchmark All Share Price Index closed down 30.98 points at 7,019.23 lower 0.44 percent. S&P SL20 closed 35.08 points lower at 3,786.89 down 0.92 percent. “Investor activity was low on budget concerns,” Lanka Securities said. Turnover was 547 million rupees with 38 stocks closing positive against 107 negative. The main index showed losses in Aitken Spence closing at 92.60 rupees, down 6.70 rupees and Distilleries Company closing at 275.00 rupees, down 3.00 rupees. In the banking sector Commercial Bank closed at 155.00 rupees, down 1.00 rupees and Hatton National Bank closed at 212.80 rupees, down 2.50 rupees. DFCC Bank closed at 172.60 rupees, down 1.40 rupees. Lanka Hospitals closed at 60.50 rupees after hitting a 52 week high of 60.70 rupees. Pan Asia Power closed at 3.80 rupees, up 0.20 rupees with one of the floor trade of 10 million shares at 3.80 rupees. Top contributor to turnover was John Keells Holdings with 170 million rupees and the stock closing flat at 184.00 rupees. Foreign investors closed session on buying side with a net foreign inflow of 126 million rupees with foreign participation was 27 percent. Net foreign inflows were seen in John Keells Holdings 102 million rupees, Textured Jersey 22 million rupees, Piramal Glass 2 million rupees while net foreign outflow was mainly seen in Resus Energy 3 million rupees. Meanwhile, at today’s Treasury bill auction, one year T-bill yields declined by 6 basis points from 7 percent to 6.94 percent. Six months bill were rejected. CBSL offered 20 billion worth of Treasury bills today and the auction was oversubscribed by 4.4 times with bids received amounting to 89 billion rupees. It was decided to accept 5.8 billion rupees worth of bills.