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Sri Lanka shares close lower

June 23, 2014 (LBO) - Sri Lanka's shares closed 0.05 percent lower for the forth straight day amid strong foreign selling, brokers said. Sri Lanka Telecom closed 1.30 rupees higher at 47.90 rupees and Dialog Axiata closed flat at 10.40 rupees.

Cargills Ceylon closed 6.20 rupees higher at 152.50 rupees and Ceylon Tobacco Company closed 5.50 rupees higher at 995.00 rupees.

Lion Brewery Ceylon closed 10.40 rupees higher at 454.30 rupees.

In a stock exchange filing, NDB capital Holdings said, the company is initiating a process to de-list its ordinary shares from the CSE subject to shareholder and regulatory approvals. The Colombo benchmark All Share Price Index closed 3.10 points lower at 6,299.35, down 0.05 percent. The S&P SL20 closed 3.93 points lower at 3,474.93, down 0.11 percent.

Turnover was 867.34 million rupees, down from 1.21 billion rupees last Friday with 67 stocks closed positive against 110 negative.

Commercial Bank closed 40 cents higher at 133.40 rupees with four off-market transactions of 135.37 million rupees changing hands at 133.90 rupees per share contributing 16 percent of the turnover.

The aggregate value of all off-the-floor deals represented 30 percent of the daily turnover.

PC Pharma closed 20 cents higher at 1.40 rupees and Ceylon Leather Products W0014 warrants closed 60 cents higher at 2.40 rupees, attracting most number of trades during the day.

Foreign investors bought 266.34 million rupees worth shares while selling 446.45 million rupees worth shares.

Nestle Lanka closed 12.60 rupees lower at 1,937.00 rupees and John Keells Holdings closed 70 cents lower at 220.00 rupees.

JKH’s W0022 warrants closed 1.70 rupees lower at 58.80 rupees and its W0023 warrants closed 50 cents lower at 70.10 rupees.

NDB closed 4.00 rupees lower at 195.00 rupees and Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees.

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