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Sri Lanka stocks close up 0.2-pct

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1Sri Lanka stocks close up 0.2-pct Empty Sri Lanka stocks close up 0.2-pct Mon Nov 18, 2013 6:19 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Nov 18, 2013 (LBO) - Sri Lanka stocks closed higher with diversified stocks picking up amid strong foreign buying, brokers said.

The Colombo benchmark All Share Price Index closed 13.51 points higher at 5,824.48, up 0.23 percent. The S&P SL20 closed 25.63 points higher at 3,200.31, up 0.81 percent.

Turnover was 936.44 million rupees, up from 234.29 million rupees last Friday, with stocks of 108 firms closing in the red against 48 gainers.

Commercial Leasing and Finance closed flat with a major 650 million rupee off market transaction contributing to 69 percent of total turnover.

Foreigners brought 134 million rupees worth shares while selling 58 million rupees of shares.

JKH closed 4.10 rupees higher at 214.50 rupees, contributing most to the index gain.

JKH’s W0022 warrants closed 1.40 rupees higher at 59.60 rupees and JKH’s W0023 warrants closed 2.50 rupees higher at 64.00 rupees.

Ceylon Tobacco Company closed 14.50 rupees higher at 1,069.50 rupees and Sri Lanka Telecom closed 1.20 rupees higher at 38.70 rupees.

Commercial Bank closed 1.40 rupees higher at 114.40 rupees and Carson Cumberbatch closed 5.00 rupees higher at 380.00 rupees.

Nestle Lanka closed 63.50 rupees lower at 1,868.20 rupees and Dialog closed 10 cents lower at 9.00 rupees.

Ceylinco Insurance closed 33.20 rupees lower at 1,300.00 rupees.

HNB closed 20 cents higher at 144.50 rupees and Sampath Bank closed 90 cents higher at 165.90 rupees. Lanka Orix Leasing Company closed 40 cents higher at 63.50 rupees and DFCC closed 40 cents higher at 120.00 rupees.

Aitken Spence closed 1.90 rupees higher at 112.00 rupees and Asian Hotels and Properties closed 1.80 rupees higher at 69.80 rupees.

Bukit Darah closed flat at 675.00 rupees and Cargills Ceylon closed flat at 150.00 rupees. Distilleries closed 2.70 rupees higher at 186.70 rupees and Touchwood closed 20 cents lower at 3.10 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-close-up-0.2-pct/1263138472

sriranga

sriranga
Co-Admin

COLOMBO, Nov 18 (Reuters) - Sri Lankan stocks rose on Monday from a six-week closing low hit in the previous session, led by market heavyweights such as John Keells Holdings, while investors awaited for directions from the 2014 budget, which will be presented later this week.

The main stock index closed up 0.23 percent, or 13.51 points, at 5,824.48. On Friday, it had closed at its lowest level since Oct. 2.

President Mahinda Rajapaksa, who is also the country's finance minister, is to present the 2014 budget proposals on Thursday.

Shares in top conglomerate John Keells Holdings rose 1.95 percent to 214.50 rupees, while Ceylon Tobacco Company PLC gained 1.37 percent to 1,069.50 rupees.

The bourse has been sluggish due to concerns over a drop in September-quarter earnings. Many listed firms are expected to release their quarterly earnings this month.

Foreign investors were net buyers of 76.54 million rupees of shares on Monday, extending the year-to-date net foreign inflow to 22.61 billion rupees worth.

($1 = 131.1500 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/2013/11/18/3667861.htm

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

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