Monday, 4 August 2014

Sri Lanka stocks close up 0.2-pct

Aug 04, 2014 (LBO) - Sri Lanka's stocks closed 0.18 percent higher with Ceylon Tobacco Company gaining amid strong domestic participation, brokers said.

The Colombo benchmark All Share Price Index closed 12.02 points higher at 6,822.15, up 0.18 percent. The S&P SL20 closed 0.91 points higher at 3,760.33, up 0.02 percent.

Turnover was 2.29 billion rupees, up from 775.04 million rupees last Friday with 98 stocks closed positive against 95 negative.

Trade Finance and Investments closed 80 cents higher at 28.00 rupees with four massive off-market transactions of 1.18 billion rupees changing hands at 28.00 rupees per share contributing 52 percent of the daily turnover.

The aggregate value of all off-the-floor deals represented 62 percent of the turnover.

Central Investments and Finance closed 30 cents higher at 2.00 rupees, attracting most number of trades during the day.

Foreign investors bought 180.59 million rupees worth shares while selling 147.80 million rupees worth shares.

Domestic investors bought 2.11 billion rupees worth shares while selling 2.14 billion rupees worth shares.

Ceylon Tobacco Company closed 18.50 rupees higher at 1,149.10 rupees, contributing most to the index gain.

Commercial Leasing and Finance closed 20 cents higher at 4.50 rupees and John Keells Holdings closed 1.50 rupees higher at 237.00 rupees.

JKH’s W0022 warrants closed 10 cents higher at 64.20 rupees and its W0023 warrants closed 50 cents lower at 71.00 rupees.

Dialog Axiata closed 10 cents higher at 10.90 rupees and Sri Lanka Telecom closed 60 cents lower at 55.90 rupees.

Commercial Bank closed 1.10 rupees lower at 142.90 rupees.

Hatton National Bank has granted its approval in principle, to acquire 51 percent of the issued and fully paid up voting shares of Prime Grameen Micro Finance for a total price of 660.00 million rupees subject to the satisfaction of certain conditions, the bank said in a stock exchange filing.

The transaction is expected to be concluded on or before September 30.

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