Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Tuesday, May 21, 2013

Sri Lanka stocks close down 0.3-pct

May 21, 2013 (LBO) – Sri Lanka’s stocks closed down 0.39 percent on Tuesday, following three consecutive days of gains due to a negative impact from the index heavy stocks, brokers said.

The benchmark Colombo All Share Index closed 25.03 points lower at 6,441.64 and the S&P SL 20 Index closed 03.35 points higher at 3,652.70 up 0.09 percent.

Turnover was 2.1 billion rupees up from 1.2 billion rupees day earlier. 72 stocks made positive contributions while 130 stocks were negative.

Large crossings were recorded in Commercial Bank, JKH, Distilleries, Cargills and Chevron Lubrication Lanka.

Foreigners brought 1.5 billion rupees worth shares while selling 433 million rupees of shares.

Top contributors Ceylon Tobacco Company gained 14.30 rupees to close at 899.20 rupees, Commercial Bank of Ceylon closed at 125.30 rupees up 3.20 rupees and Dialog Axiata gained 10 cents to close at 9.90 rupees.

Commercial Bank of Ceylon recorded the highest crossing of 4.2 million shares sold at 125 rupees per share.

Index John Keells Holding lost 10 cents to close at 297.00 rupees while Nestle Lanka closed at 2010.00 rupees down 85.20 rupees.

Hatton National Bank closed at 173.00 rupees up 70 cents, DFCC Bank closed at 148.10 rupees down 1.70 rupees and National Development Bank closed at 178.30 rupees down 1.10 cents.

Pan Asia closed at 20.80 rupees down 20 cents. Union Bank of Colombo closed at 19.70 rupees down 40 cents and Sampath Bank lost 2.10 rupees to close at 223.90 rupees.

LB Finance closed at 127.00 rupees down 50 cents, Peoples Leasing and Finance lost 30 cents to close at 15.10 rupees and Commercial Leasing and Finance closed flat at 4.70 rupees.

Distilleries Company of Sri Lanka gained 60 cents to close 190.10 rupees while The Lion Brewery gained 6.50 rupees to close at 386.50 rupees.

Aitken Spence closed at 135.50 up 50 cents. Browns Investments closed at 3.50 rupees down 10 cents.

Softlogic Holding lost 40cents to close at 12.00 rupees

Hayleys closed at 315.10 rupees up 60 cents and Vallibel One closed at 20.20 rupees down 50 cents.

source - www.lbo.lk