Sri Lanka stocks close flat

Redbulls · 1 Sri Lanka stocks close flat Tue Jul 30, 2013 5:52 pm

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July 30, 2013 (LBO) - Sri Lanka's stocks closed flat Tuesday for a second consecutive day with activity seen in the large cap stocks and some banking stocks, brokers said.

The benchmark Colombo All Share Index closed 01.44 points lower at 6,055.48 and the S&P SL 20 Index closed 06.26 points higher at 3,432.03 up 0.18 percent.

Turnover was 700 million rupees up from 451 million Monday.

Foreigners brought 261 million rupees worth shares while selling 503 million rupees of shares, in a day that 65 stocks advanced and 109 stocks declined.

Ceylon Tobacco Company contributed most to the index closing at 1,064.50 rupees up 20.20 rupees. Commercial Bank of Ceylon closed at 116.80 up 2.80 rupees and Nestle Lanka closed at 1,950.00 rupees up 37.30 rupees.

Negative contributors were John Keels Holdings closing at 264.10 rupees down 3.40 rupees. Hatton National Bank closed at 154.10 rupees down 1.90 rupees and Dialog Axita closed at 8.50 rupees down 0.10 rupees.

In the banking sector, Sampath Bank closed at 202.00 down 2.80 rupees, Pan Asia closed at 17.80 down 0.10 rupees. DFCC closed flat at 128.00 rupees.

Distilleries Company closed flat at 190.50 rupees while Aitken Spence closed at 124.50 up 50 cents. Sri Lanka Telecom closed flat at 39.30 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-flat/1247527564

sriranga · 2 Sri Lanka stocks weaker on foreign selling in Keells Tue Jul 30, 2013 5:56 pm

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COLOMBO, July 30 (Reuters) - Sri Lankan shares ended a tad weaker on Tuesday as some foreign investor booked profits in John Keells Holdings after the market heavyweight posted a 4 percent drop in June quarter profit, brokers said.

The main share index ended down 0.02 percent, or 1.44 points, at 6,055.48, its lowest close since July 26.

John Keells Holdings Plc, which reported its lower profit on Friday, fell 1.27 percent to 264.10 rupees a share.

Foreign investors were net sellers of 242 million rupees ($1.84 million) worth of shares first time in the last six sessions. But they have been net buyers of 16.76 billion rupees so far this year.

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

Turnover was 700 million rupees, its highest since July 19, but well below this year's daily average of about 937 million rupees.
($1 = 131.6000 Sri Lanka rupees)

(Reporting by Ranga Sirilal; Editing by Anand Basu)

http://www.reuters.com/article/2013/07/30/markets-srilanka-idUSL4N0G02XB20130730