Sri Lanka stocks close down 0.5-pct

June 11, 2013 (LBO) – Sri Lanka’s stocks closed down 0.59 percent on Tuesday, following a sudden rise in the market the day earlier. The market was down due to investors taking profit and losses in the heavy index stocks CTC, LLUB and SLT, brokers said.

Softlogic Holding closed at 10.90 rupees down 10 cents and Vallibel One closed at 19.00 rupees down 30 cents.

The benchmark Colombo All Share Index closed 37.49 points lower at 6,303.79 and the S&P SL 20 Index closed 11.90 points lower at 3,562.55 down 0.33 percent.

Turnover was 751 million rupees down from 826 million day earlier.

Foreigners brought 358 million rupees worth shares while selling 145 million rupees of shares, in a day that 42 stocks advanced and 150 stocks declined.

Ceylon Tobacco Company closed at 972.00 rupees down 13.00 rupees. Sri Lanka Telecom closed at 41.90 rupees down 10 cents. Chevron Lubrication Lanka closed at 293.30 rupees down 16.00 rupees

John Keels Holdings, top contributor to the day’s turnover closed at 275.00 rupees up 2.20 rupees helped by crossing 260 thousand shares at 275 rupees per share. Lanka Orix Leasing Company closed at 60.00 rupees up 1.20 rupees and Hemas Holdings gained 1.00 rupee to close at 37.00 rupees.

DFCC Bank closed at 145.00 rupees down 80 cents and National Development Bank closed at 173.30 rupees up 1.60 rupees.

Pan Asia closed flat at 20.00 rupees. Union Bank of Colombo closed at 19.20 rupees down 10 cents and Sampath Bank close at 217.00 rupees down 20 cents.

LB Finance closed at 130.00 rupees down 2.00 rupeess and Peoples Leasing and Finance closed at 14.90 rupees down 10 cents.

Distilleries Company lost 70 cents to close at 195.00 rupees, The Lion Brewery closed at 390.00 down 10.80 rupees.

Nestle Lanka closed at 1,990.00 rupees down 8.00 rupees. United Motors crossed 1 million shares at 119 rupees to close flat at 117.50 rupees.

Aitken Spence closed flat at 135.00rupees. Browns Investments closed flat at 03.30 rupees.