Sri Lanka stocks up 0.2-pct

June 14, 2013 (LBO) – Sri Lanka’s stocks closed up 0.19 percent on Friday following three straight days of losses with index heavy stocks continuing to drop and profit taking by some investors, brokers said.

Distilleries Company gained 60 cents to close at 195.00 rupees, The Lion Brewery closed at 387.40 up 2.40 rupees.

The benchmark Colombo All Share Index closed 11.52 points higher at 6,219.39 and the S&P SL 20 Index closed 5.26 points higher at 3,504.35 higher 0.15 percent.

Turnover was 577 million rupees up from 480 million day earlier.

Foreigners brought 159 million rupees worth shares while selling 241 million rupees of shares, in a day that 96 stocks advanced and 87 stocks declined.

Ceylon Tobacco Company contributed most to the index gain closing at 979.80 rupees up 27,60 rupees. Sri Lanka Telecom closed at 42.00 rupees up 1.00 rupee and Aitken Spence gained 4.30 rupees to close at 137.80 rupees.

Negative contributors included John Keells Holdings which lost 1.40 rupees to close at 265.60 rupees and Nestle Lanka lost 58.000 rupees to close at 1920.20 rupees.

Pan Asia closed at 20.20 rupees down 30 cents. Union Bank of Colombo closed flat at 18.90 rupees and Sampath Bank closed at 211.20 rupees down 1.80 rupees. Commercial Bank of Ceylon lost 0.20 rupees to close at 116.70 rupees.