Sri Lanka stocks down 0.7-pct

sriranga

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COLOMBO, July 4 (Reuters) - Sri Lankan shares, led by market heavyweight John Keells Holdings, weakened on Thursday due to investors' concerns over the rupee's weakness, and worries that outflows from government securities could spread to equities.

The share index fell 0.73 percent to end at 6073.17, its lowest close since June 26.

Moody's cut its credit rating outlook for Sri Lanka from positive to stable on Tuesday, adding to the bearish sentiment.

Turnover was at 738.1 million rupees ($5.65 million) on Thursday, less than this year's daily average turnover of about 1 billion rupees, according to provisional exchange data. John Keells lost 2.2 percent to 253.90 rupees. ($1 = 130.6250 Sri Lanka rupees)

(Reporting by Shihar Aneez; Editing by Simon Cameron-Moore)

(shihar.aneez@thomsonreuters.com)(+94-11-232-5540)(Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net)
http://www.xe.com/news/2013/07/04/3427497.htm

Redbulls · 2 Sri Lanka stocks down 0.7-pct Thu Jul 04, 2013 8:51 pm

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July 04, 2013 (LBO) - Sri Lanka's stocks closed down 0.73 percent on Thursday with losses in diversified companies and banking stocks, brokers said.

Trading Thursday Sri Lanka stocks down 0.7-pct July 04, 2013 (LBO) - Sri Lanka's stocks closed down 0.73 percent on Thursday with losses in diversified companies and banking stocks, brokers said.

The benchmark Colombo All Share Index closed 44.80 points lower at 6,073.17 and the S&P SL 20 Index closed 33.54 points lower at 3,399.46 down 0.98 percent.

Turnover was 738 million rupees down from 883 million from a day earlier.

Foreigners brought 269 million rupees worth shares while selling 227 million rupees in a day that 49 stocks advanced and 123 stocks declined.

Nestle Lanka contributed most to the index closing at 1,948.00 rupees up 18.20 rupees, Dialog Axiata closed at 08.40 rupees up 10 cents and Ceylon Investments gained 05.00 rupees to close at 92.10 rupees.

Negative contributors included John Keells Holdings closing at 253.50 down 5.70 rupees, Carson Cumberbatch closed at 425.10 rupees down 14.60 rupees and Aitken Spence closed at 125.00 rupees down 3.10 rupees.

Pan Asia closed at 18.50 rupees up 40 cents. Union Bank of Colombo closed at 17.50 rupees down 10 cents and Commercial Bank of Ceylon lost 01.00 rupees to close at 113.50 rupees with a crossing of 1.9 million shares at 113 rupees per share.

Hatton National Bank closed at 160.00 rupees down 80 cents and Sampath Bank closed at 197.00 rupees down 3.00 rupees. There was a crossing of 2.25 million shares at 65 rupees a share of National Trust Bank which close flat at 64.60 rupees.

Distilleries Company closed flat at 192.50 rupees and Ceylon Tobacco Company closed at 995.70 rupees down 3.80 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-down-0.7-pct/2094677996