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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka stocks close flat

Sri Lanka stocks close flat

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1Sri Lanka stocks close flat Empty Sri Lanka stocks close flat Fri Aug 02, 2013 4:39 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Aug 02, 2013 (LBO) - Sri Lanka's stocks closed flat Friday with losses in the large cap stocks and banking stocks, brokers said.

The benchmark Colombo All Share Index closed 0.78 points lower at 6,155.82 and the S&P SL 20 Index closed 13.00 points higher at 3,490.57 up 0.37 percent.

Turnover was 399 million rupees.

Foreigners brought 118 million rupees worth shares while selling 622 million rupees of shares, in a day that 80 stocks advanced and 96 stocks declined.

Cargills Ceylon contributed most to the index closing at 155.50 rupees up 5.50 rupees. Commercial Bank of Ceylon closed at 119.90 rupees up 1.50 rupees and The Bukit Dahrah closed at 697.80 rupees up 10.80 rupees.

Negative contributors were Commercial Leasing and Finance closed at 3.90 rupees down 0.20 rupees and Hatton National Bank closed at 151.80 down 3.10 rupees.

PC Pharma closed at 1.60 rupees up 0.20 rupees with 30 million shares traded.

In the banking sector, Sampath Bank closed flat at 200.00 rupees, Pan Asia closed at 17.80 rupees down 0.20 rupees. DFCC closed at 129.60 up 1.40 rupees and Commercial Bank of Ceylon closed at.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-flat/1222348940

sriranga

sriranga
Co-Admin

COLOMBO, Aug 2 (Reuters) - Sri Lankan shares edged down slightly on Friday from a six-week high hit in the previous session, as investors sold banking and finance stocks on a day of light trading.

Analysts said investors waited for direction despite the central bank's policy easing, concerns over the weakening rupee and high lending rates denting sentiment.

The main share index ended 0.01 percent, or 0.78 points, weaker at 6,155.82, slipping from a six-week closing high on Thursday.

Shares in Commercial Leasing and Finance PLC fell 4.88 percent to 3.90 rupees, while Hatton National Bank PLC dropped 2 percent to 151.80 rupees.

Turnover was 399.4 million rupees, well below this year's daily average of about 937.4 million rupees.

Foreign investors were net buyers for the first time in four sessions, with 120.6 million rupees ($916,100) of shares. Net foreign inflows in equities extended to 15.98 billion rupees for the year.

($1 = 131.6500 Sri Lanka rupees)

(Reporting by Ranga Sirilal; Editing by Prateek Chatterjee)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/08/02/3478429.htm

http://sharemarket-srilanka.blogspot.co.uk/

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