Bourse closes green on Rs. 526 mn. turnover

sriranga

sriranga

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COLOMBO, Nov 14 (Reuters) - Sri Lankan stocks rose for a second straight session on Thursday, led by large caps like Nestle Lanka PLC and foreign inflows, while most investors were on the sidelines due to concerns over poor earnings.

The main index closed up 0.22 percent, or 13.01 points, at 5,829.05.

Foreign investors were net buyers of 36.6 million rupees of shares on Thursday, extending the year-to-date net foreign inflow to 22.5 billion rupees worth.

Shares in Nestle Lanka rose 1.19 percent to 1,973.30 rupees in low volume trading, while conglomerate John Keells Holdings fell 0.10 percent to 208.40 rupees.

Stockbrokers said investors were worried about September-quarter earnings. Many listed firms are expected to release their quarterly earnings this month.

The day's turnover was at 525.7 million rupees ($4.01 million), less than this year's daily average of 860.9 million rupees.

($1 = 131.1000 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)

(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/2013/11/14/3662109.htm

Redbulls · 2 Bourse closes green on Rs. 526 mn. turnover Fri Nov 15, 2013 3:06 am

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Big crossings in Dialog and Guardian

The Colombo bourse moved up yesterday on a turnover of Rs.525.7 million, down from the previous day’s Rs.710.4 million, with both indices gaining – the All Share by 13.01 points (0.22%) and S&P SL20 by 7.68 points (0.24%) with 108 gainers comfortably ahead of 77 losers while 54 counters closed flat.

Block trades in Dialog where 15 million shared changed hands at Rs.9 in a deal worth Rs.135 million and Ceylon Guardian Investment Trust where nearly 0.6 million shares were transacted at Rs.200 contributing Rs.114.8 million to turnover were responsible for a slice of Rs.249.8 million of the day’s business volumes.

On the trading floor, JKH’s warrants W20023 was the top turnover generator seeing 0.4 million transacted between Rs.61.50 and Rs.65.50 closing 20 cents up at Rs.63 and contributing Rs.25.4 million to turnover.

HNB (non-voting) followed closing Rs.1.50 up at Rs.111.50 on nearly 0.2 million shares done between Rs.110.50 and Rs.112 contributing Rs.21.6 million to turnover

While LIOC finished third on the turnover league closing 50 cents up at Rs.29.30 on over 0.5 million shares done between Rs.28.50 and Rs.29.50 contributing Rs.15.9 million to turnover.

``The ASPI edged higher amid gains in large cap diversified, banking, and power & energy counters. Market turnover was dominated by crossings on DIAL and GUAR," John Keells Stock Brokers said in their market report.

There was a foreign inflow of Rs. 36.59 million with purchases of Rs. 186.43 million ahead of sales of Rs. 149.85 million.

Most traded stocks included Ceylinco Insurance (non-voting) up Rs.8 to Rs.400 on 36,082 shares, over 0.4 million Laugfs Gas up 10 cents to Rs.30 and JKH warrants W20022 down Rs.1.20 to Rs.58 on nearly 0.2 million.

JKH ordinary shares gained 40 cents to finish at Rs.209 on 41,904 shares, Sampath edged down 10 cents to Rs.166.90 on 66,167 shares while Three Acre Farms gained Rs.2.50 to close at Rs.37.50 on nearly 0.2 million shares.

Among the cheaper most traded counters were People’s Leasing closing flat at Rs.13.50 on 0.5 million shares and E-Channeling up 70 cents to close at Rs.9.40 on slightly over 0.7 million shares.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=92071