Sri Lanka stocks down 0.5-pct

Jan 17, 2014 (LBO) – Sri Lanka stocks close in the red Friday ending a six-day upbeat trend with tobacco and diversified stocks losing ground, brokers said. HNB closed 1.10 rupees higher at 158.10 rupees and Lanka Orix Leasing Company closed 50 cents higher at 72.50 rupees.

NDB closed 3.70 rupees lower at 182.20 rupees.

Dialog gained 10 cents to 9.30 rupees and Lion Brewery closed 5.00 rupees higher at 380.00 rupees.

The Colombo benchmark All Share Price Index closed 35.93 points lower at 6,131.05, down 0.58 percent. The S&P SL20 closed 19.11 points lower at 3,407.94, down 0.56 percent.

Turnover was 1.64 billion rupees, down from 1.86 billion rupees a day earlier, with stocks of 128 firms closing in the red against 62 gainers.

Index heavy JKH topped the turnover list with three off market transactions of 795 million rupees contributing to 48 percent of the total turnover today.

The Finance Company closed 60 cents lower at 14.10 rupees and Blue Diamonds closed flat at 3.70 rupees, attracting most number of trades during the day.

Foreigners bought 947 million rupees worth shares while selling 1,028 million rupees of shares.

Ceylon Tobacco Company closed 18.70 rupees lower at 1,201.60 rupees and JKH closed 2.20 rupees lower at 238.00 rupees, contributing most to the index drop.

JKH’s W0022 warrants closed 5.20 rupees lower at 79.90 rupees and its W0023 warrants closed 5.50 rupees lower at 84.60 rupees.

Aitken Spence Hotel Holdings closed 2.90 rupees lower at 69.10 rupees and Carson Cumberbatch ended 4.20 rupees lower at 350.00 rupees.

Nestle Lanka ended 60 cents lower at 2,139.50 rupees and Cargills Ceylon closed flat at 146.50 rupees.

Bukit Darah closed 5.00 rupees lower at 615.00 rupees and Distilleries ended flat at 203.00 rupees.

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