Thursday 2 October 2014

Sri Lanka stocks close up 0.8-pct

Oct 02, 2014 (LBO) - Sri Lanka's stocks closed 0.79 percent higher with the price gains of diversified John Keells Holdings amid strong foreign buying, brokers said.

The Colombo benchmark All Share Price Index closed 57.97 points higher at 7,351.05, up 0.79 percent. The S&P SL20 closed 42.25 points higher at 4,107.36, up 1.04 percent.

Turnover was 2.46 billion rupees, down from 2.65 billion rupees a day earlier with 124 stocks closed positive against 78 negative.

Arpico Finance closed 2.00 rupees higher at 162.40 rupees with two off-market transactions of 365.88 million rupees changing hands at 166.00 rupees per share contributing 15 percent of the turnover.

The aggregate value of all off-the-floor deals represented 20 percent of the daily turnover.

John Keells Holdings closed 4.90 rupees higher at 260.60 rupees with market transactions of 406.36 million rupees contributing 16 percent of the turnover.

Access Engineering closed 1.00 rupee higher at 30.70 rupees, attracting most number of trades during the day.

Foreign investors bought 750.88 million rupees worth shares while selling 356.81 million rupees worth shares.

Domestic investors bought 1.71 billion rupees worth shares while selling 2.10 billion rupees worth shares.

Index heavy John Keells Holdings contributed most to the index gain.

JKH’s W0022 warrants closed 3.40 rupees higher at 79.40 rupees and its W0023 warrants closed 90 cents higher at 83.10 rupees.

DFCC Bank closed 9.50 rupees higher at 215.30 rupees and Commercial Leasing and Finance closed 30 cents higher at 4.70 rupees.

Commercial Bank of Ceylon closed 2.00 rupees higher at 160.00 rupees and Carson Cumberbatch closed 8.50 rupees higher at 450.00 rupees.

The Supreme Court has ruled in favour of Arpico Finance in a judgment restraining Richard Pieris from using “Arpico Finance”, Arpico Finance PLC said in a stock exchange filing.

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