Sri Lanka stocks close down 0.3-pct

Redbulls · 1 Sri Lanka stocks close down 0.3-pct Mon Aug 12, 2013 6:22 pm

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Aug 12, 2013 (LBO) - Sri Lanka's stocks closed down 0.35 percent Monday following long week-end with losses in the large cap stocks, brokers said.

The benchmark Colombo All Share Index closed 21.68 points lower at 6,130.24 and the S&P SL 20 Index closed 18.71 points lower at 3,451.45 down 0.54 percent.

Turnover was 372 million rupees up from 285 million Thursday with over 18 million shares traded.

Foreigners brought 150 million rupees worth shares while selling 90 million rupees of shares, in a day that 72 stocks advanced and 116 stocks declined.

Union Assurance contributed most to the index closing at109.10 rupees up 12.10 rupees. Commercial leasing closed at closed at 4.00 rupees up 1.00 rupees and The Lion Brewery closed at 370.00 rupees up 7.30 rupees.

Negative contributors were John Keells Holdings closing at 262.30 rupees down 2.00 rupees and Cargills Ceylon closing at 155.00 down 5.00 rupees. Dialog Axiata closed at 8.60 down 0.10 rupees.

In the banking sector, Sampath Bank closed at 193.70 rupees down 1.90 rupees, Pan Asia closed at 17.40 rupees down 0.20 rupees. DFCC closed at 128.10 rupees down 2.70 rupees and Commercial Bank of Ceylon closed flat at 119.00 rupees.

Ceylon Tobacco Company closed at 1,201.00 down 1.00 rupee and Distilleries Sri Lanka closed at 194.00 down 0.90 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-down-0.3-pct/835516315

sriranga · 2 Sri Lanka stocks slip to near 1-week low on Keells Mon Aug 12, 2013 6:27 pm

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COLOMBO, Aug 12 (Reuters) - Sri Lankan stocks slipped in thin trade to a near one-week low on Monday led by market heavyweight John Keells Holdings, with investors awaiting fresh cues on the rupee and interest rates.

Analysts said investors were cautious and awaited further direction despite the central bank's easing monetary policy as concerns over a weakening rupee and high lending rates dented sentiment.

'Investors are waiting to see a further fall in interest rates and depreciation pressure on the rupee to ease,' a stockbroker said on condition of anonymity.

The main share index closed 0.35 percent, or 21.68 points, weaker at 6,130.24, its lowest close since Aug. 6.

Shares in market heavyweight John Keells Holdings fell 0.68 percent to 262.50 rupees.

Turnover was 372.8 million rupees ($2.83 million), well below this year's daily average of about 920.5 million rupees.

Foreign investors were net buyers of 68.8 million rupees worth of shares, extending the net foreign inflow so far this year to 16.41 billion rupees.

($1 = 131.7000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil Nair)

(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/2013/08/12/3492477.htm