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Sri Lanka stocks close weaker

Dec 20, 2013 (LBO) - Sri Lanka stocks close down Friday with diversified and insurance sector stocks falling, brokers said. Aitken Spence Hotel Holdings closed 1.70 rupees lower at 65.20 rupees and Asian Hotels and Properties closed 60 cents higher at 64.00 rupees.

DFCC closed 2.00 rupees higher at 128.00 rupees and NDB closed flat at 160.00 rupees.

HNB closed 40 cents higher at 142.40 rupees and Sampath Bank closed 1.20 rupees lower at 170.30 rupees.

The Colombo benchmark All Share Price Index closed 9.64 points lower at 5,857.36, down 0.16 percent. The S&P SL20 closed 3.71 points higher at 3,228.17, up 0.12 percent.

Turnover was 1.05 billion rupees, up from 567.36 million rupees a day earlier, with stocks of 75 firms closing in the red against 88 gainers.

Aitken Spence topped the turnover list with market transactions of 344 million rupees contributing to 32 percent of total turnover.

JKH’s W0022 warrants closed 80 cents higher at 68.50 rupees and it’s W0023 warrants closed 2.70 rupees higher at 82.50 rupees attracting most number of trades during the day.

Foreigners bought 195 million rupees worth shares while selling 495 million rupees of shares.

Aitken Spence closed 6.20 rupees lower at 95.10 rupees and Ceylinco Insurance closed 120.00 rupees lower at 1230.00 rupees, contributing most to the index drop.

Lanka Orix Leasing Company closed 2.70 rupees lower at 72.80 rupees and JKH closed 2.50 rupees higher at 223.00 rupees.

Distilleries closed 2.90 rupees higher at 195.00 rupees and Ceylon Tobacco Company closed 3.20 rupees higher at 1,144.00 rupees.

Carson Cumberbatch closed flat at 350.00 rupees and Bukit Darah closed 1.10 rupees higher at 620.00 rupees.

Nestle Lanka closed 13.60 rupees lower at 2,105.30 rupees and Cargills Ceylon closed flat at 148.00 rupees.

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