Sri Lanka stocks close up 0.2-pct

Aug 13, 2013 (LBO) – Sri Lanka’s stocks closed up 0.21 percent Tuesday following with losses in the last few days with gains seen in the large cap stocks, brokers said.

Sri Lanka’s President Mahinda Rajapaksa has directed that the factory belonging to Dipped Products Plc, a unit of Sri Lanka’s Hayleys group be relocated and all factories in the future to be built in industrial zones, his media office said.

The benchmark Colombo All Share Index closed 12.63 points higher at 6,142.87 and the S&P SL 20 Index closed 7.88 points higher at 3,459.33 up 0.23 percent.

Turnover was 403 million rupees up from 372 million Monday with over 23 million shares traded in a day that 83 stocks advanced and 93 stocks declined.

Asian Hotels Properties contributed most to the index closing at72.50 rupees up 2.50 rupees and Lanka IOC closed at closed at 27.90 rupees up 6.90 rupees.

Negative contributors were John Keells Holdings closing at 260.60 rupees down 2.30 rupees and Carsons and Cumberbatch closing at 391.00 down 5.00 rupees.

Dipped Products closed at 109.90 up 2.90 rupees.

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