Sri Lanka stocks close flat

Nov 01, 2013 (LBO) - Sri Lanka stocks closed flat with a trade in a tile firm pushing turnover above a billion rupees, brokers said. PCH Holdings closed flat at 1.60 rupees and PC House ended up 10 cents to 90 cents. The Colombo benchmark All Share Price Index closed just 0.26 points lower at 5,954.36. The S&P SL20 closed 1.74 points lower at 3,280.33, down 0.05 percent, after reaching an intraday high of 3,285.11.

Turnover was 1.09 billion rupees, up from 632.86 million a day earlier, with stocks of 89 firms closing in the red against 109 gainers.

Lanka Floor Tiles had twelve off market deals pushing the turnover by over 519 million rupees.

JKH’s off market transactions of over 144 million rupees also helped the turnover gain.

Foreigners brought 204 million rupees worth shares while selling 37 million rupees of shares.

Nestle Lanka closed 35.00 rupees higher at 1,945.00 rupees and Sri Lanka Telecom closed 80 cents higher at 39.60 rupees, contributing most to the index gain.

JKH closed 1.30 rupees higher at 224.90 rupees and HNB closed 2.00 rupees higher at 149.00 rupees, contributing the index positively.

Carson Cumberbatch closed 10.00 rupees lower at 380.00 rupees and Bukit Darah closed 10.00 rupees lower at 675.00 rupees, contributing the index negatively.

Lanka Orix Leasing Company closed 2.00 rupees lower at 61.00 rupees and Dialog closed 10 cents lower at 9.00 rupees.

Nestle Lanka closed 35.00 rupees higher at 1,945.00 rupees and Cargills Ceylon closed 1.30 rupees lower at 149.00 rupees.

Ceylon Tobacco Company closed 1.80 rupees lower at 1,120.10 rupees and Distilleries closed 10 cents higher at 185.10 rupees.

Commercial Bank of Ceylon closed flat at 118.00 rupees and NDB Bank closed 40 cents higher at 158.50 rupees.

Union Bank closed 20 cents lower at 17.70 rupees and Ceylinco Insurance closed 2.70 rupees lower at 1,297.60 rupees.

Touchwood ended up 10 cents to 4.30 rupees.