Bourse closes week on optimistic note

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COLOMBO, July 26 (Reuters) - Sri Lankan shares recovered in thin trade on Friday from a near one-week closing low hit in the previous session, helped by foreign inflows and market heavyweight John Keells Holdings as investors waited for direction on the rupee and June quarter performance.

The main share index ended 0.23 percent, or 13.61 points, firmer at 6,051.77, recovering from its lowest close since July 19.

Despite the central bank's easing of policy measures, concerns over the weakening rupee and high lending rates have dented sentiment, with investors waiting for directions, brokers said.

John Keells Holdings Plc, which reported a 4 percent drop in June-quarter profits after the market closed, gained 0.75 percent to 269 rupees.

Foreign investors bought a net 87.36 million rupees ($663,600) in shares, extending the year-to-date net foreign inflow to 16.95 billion rupees.

Turnover was 403.8 million rupees, bourse data showed, well below this year's daily average of around 942 million rupees.
($1 = 131.6500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)
http://www.reuters.com/article/2013/07/26/markets-srilanka-idUSL4N0FW2T520130726

Redbulls · 2 Sri Lanka stocks close up 0.2-pct Fri Jul 26, 2013 5:14 pm

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July 26, 2013 (LBO) - Sri Lanka's stocks closed up 0.23 percent on Friday with large cap stocks and some banking stocks showing gains, brokers said.

The benchmark Colombo All Share Index closed 13.61 points higher at 6,051.77 and the S&P SL 20 Index closed 04.39 points higher at 3,427.48 up 0.13 percent.

Turnover was 403 million rupees up from 290 million Thursday.

C T Holdings contributed most to the index closing at 144.90 rupees up 8.70 rupees. John Keells Holdings closed at 268.00 up 1.00 rupee and Nestle Lanka closed at 1.912.70 rupees up 11.30 rupees. N D B Capital holdings closed at 487.50 rupees up 30.00 rupees.

Negative contributors were Union Assurance closing at 95.40 rupees down 9.30 rupees. Ceylon Tobacco Company closed at 980.10 down 05.00 rupees and Commercial Bank closed at 116.10 rupees down 0.50 rupees..

In the banking sector, Sampath Bank closed at 202.10 up 2.10 rupees, Pan Asia closed at 18.10 up 0.10 rupees. DFCC closed at 128.90 rupees up 1.80 rupees and Hatton National Bank closed at 154.00 rupees down 1.00 rupee.

Distilleries Company closed at 190.20 rupees up 10 cents while Aitken Spence closed at 124.90 down 20 cents.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.2-pct/1161109562

Redbulls · 3 Bourse closes week on optimistic note Fri Jul 26, 2013 11:58 pm

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The Colombo bourse looked up yesterday with both indices gaining on a turnover of Rs.403.8 million, up from the previous day’s 290.3 million, with the All Share Price Index gaining 13.61 points (0.23%) and S&P SL20 up 4.39 points (0.13%) with 108 gainers outpacing 75 losers while 130 counters closed flat.

Brokers said that while there was nothing dramatic in yesterday’s trading, the market improved from the previous day’s sharp downturn with two crossings in Asiri Hospitals (voting) and Sampath contributing Rs.120.5 million to turnover.

Asiri saw a crossing of 5 million shares done at a price of Rs.14 generating Rs.70 million turnover while Sampath saw 250,000 shares crossed at Rs.202 contributing Rs.50.5 million to turnover.

Access Engineering was the biggest business generator on the floor with nearly 2.2 million shares traded closing 50 cents up at Rs.21 on a trading range of Rs.20.50 to Rs.21.30 contributing Rs.45.9 million to turnover. Brokers said there were some large parcels among the trades.

Aitken Spence with nearly 0.3 million shares done between Rs.124 and Rs.125.10 closed 20 cents down at Rs.124.90 although a few large parcels among the trades were done at Rs.125. The counter generated Rs.31.7 million turnover.

LIOC too saw nearly 1.1 million shares traded with some large parcels among the trades done at a price of Rs.25. The counter closed 50 cents up at Rs.25 trading between Rs.24.50 and Rs.25.40 contributing Rs.26.5 million to turnover.

Textured Jersey, with over 1.6 million shares done between Rs.12.60 and Rs.13.40 closed 50 cents up at Rs.13.10 contributing Rs.21.5 million to turnover. Here, the parcels were much smaller, brokers said.

Ceylinco Insurance closed Rs.62.30 up at Rs.1,299.90 on 10,894 shares with the average price standing at Rs.1,249.50. A small quantity of 11 shares done at higher prices pushed up the closing price, brokers explained.

Kelani Tyres announced an interim dividend of Rs.1.65 per share for 2013/14, XD from August 5 and with payment on August 15.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=84385