Sri Lanka stocks close lower

June 06, 2014 (LBO) - Sri Lanka's stocks closed lower with tobacco stocks losing ground despite net foreign buying mostly into Royal Ceramics, brokers said. AIA Insurance closed 20.00 rupees lower at 270.00 rupees and HNB closed 1.10 rupees lower at 156.40 rupees.

Carson Cumberbatch closed 2.90 rupees higher at 402.00 rupees and its oil palm firm Selinsing closed 99.00 rupees lower at 1,601.00 rupees.

CT Holdings closed 5.20 rupees higher at 139.90 rupees and Aitken Spence closed 1.60 rupees higher at 102.60 rupees.

Bukit Darah closed 6.20 rupees higher at 656.20 rupees.

The Colombo benchmark All Share Price Index closed 1.02 points lower at 6,279.14, down 0.02 percent. The S&P SL20 closed 5.74 points higher at 3,479.17, up 0.17 percent.

Turnover was 835.02 million rupees, down from 896.19 million rupees a day earlier with 92 stocks closed positive against 79 negative.

Royal Ceramics Lanka closed 2.10 rupees higher at 102.00 rupees with two off-market transactions of 204.00 million rupees contributing 24 percent of the turnover.

The Finance Company non-voting closed 50 cents higher at 8.20 rupees and PC Pharma closed flat at 1.50 rupees, attracting most number of trades during the day.

Foreign investors bought 367.44 million rupees worth shares while selling 70.21 million rupees worth shares.

Ceylon Tobacco Company closed 20.50 rupees lower at 1,029.50 rupees, contributing most to the index drop.

Asian Hotels and Properties closed 2.30 rupees lower at 70.00 rupees and John Keells Holdings closed 10 cents lower at 234.90 rupees.

JKH’s W0022 warrants closed 20 cents higher at 64.20 rupees and its W0023 warrants closed 50 cents lower at 74.50 rupees.

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