Sri Lanka stocks close up 0.1-pct

Aug 08, 2014 (LBO) – Sri Lanka’s stocks closed 0.15 percent higher with Distilleries gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.05 points higher at 6,918.23, up 0.15percent. The S&P SL20 closed 11.84 points higher at 3,801.87, up 0.31 percent.

Turnover was 1.58 billion rupees, down from 2.24 billion rupees a day earlier with 112 stocks closed positive against 84 negative.

Access Engineering closed 50 cents higher at 27.50 rupees with an off-market transaction of 62.64 million rupees changing hands at 27.50 rupees per share contributing 4 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented only 8 percent of the turnover.

John Keells Holdings closed 80 cents lower at 239.20 rupees with market transactions of 174.03 million rupees contributing 11 percent of the turnover.

JKH’s W0022 warrants closed 1.00 rupee lower at 71.00 rupees and its W0023 warrants closed 2.00 rupees lower at 77.00 rupees.

Central Investments and Finance closed 10 cents lower at 2.50 rupees, attracting most number of trades during the day.

Foreign investors bought 471.37 million rupees worth shares while selling 124.72 million rupees worth shares.

Distilleries closed 5.90 rupees higher at 210.90 rupees, contributing most to the index gain.

DFCC Bank closed 4.30 rupees higher at 175.40 rupees and Lanka Orix Finance closed 20 cents higher at 4.30 rupees.

Ceylon Tobacco Company closed 9.10 rupees lower at 1,150.20 rupees and Lion Brewery Ceylon closed 9.80 rupees lower at 614.00 rupees.