Sri Lanka stocks close up 0.2-pct

(L-R) : Jeevith Senaratne, Director Operations - Star Garment Group; Shanaka Rabel, Group Chief Digital and Transformation Officer - Stretchline Holdings Ltd; Janaka Botejue, Chairman – Bernard Botejue Industries; Sanjeewa Kodikara, Chief Information Officer- Hirdaramani Group

July 04, 2014 (LBO) – Sri Lanka’s stocks closed 0.16 percent higher ending a week on a positive note with telco and diversified stocks gaining despite net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 10.23 points higher at 6,477.51, up 0.16 percent. The S&P SL20 closed 2.26 points higher at 3,610.68, up 0.06 percent.

Turnover was 1.38 billion rupees, down from 1.51 billion rupees a day earlier with 102 stocks closed positive against 74 negative.

Aitken Spence Hotel Holdings closed 2.90 rupees higher at 79.90 rupees with three off-market transactions of 166.85 million rupees changing hands at 77.00 rupees per share contributing 12 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented 31 percent of the turnover.

Adam Investments closed flat at 5.30 rupees and PCH Holdings closed 80 cents higher at 2.90 rupees, attracting most number of trades during the day.

PC Pharma closed 40 cents higher at 2.30 rupees and PC House closed flat at 40 cents also receiving investor sentiment.

Foreign investors bought 150.35 million rupees worth shares while selling 255.08 million rupees worth shares.

Sri Lanka Telecom closed 90 cents higher at 49.60 rupees and John Keells Holdings closed 2.10 rupees higher at 225.00 rupees.

JKH’s W0022 warrants closed 30 cents higher at 61.30 rupees and its W0023 warrants closed 1.90 rupees higher at 73.00 rupees.

HNB closed 1.90 rupees higher at 163.80 rupees and Sampath Bank closed 3.60 rupees higher at 208.60 rupees.

Nestle Lanka closed 46.90 rupees lower at 1,952.10 rupees and Lion Brewery Ceylon closed 3.00 rupees lower at 457.00 rupees.

Trans Asia Hotels closed 2.60 rupees lower at 95.10 rupees.

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