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Wednesday, June 5, 2013

Sri Lanka stocks close down 0.4-pct

June 05, 2013 (LBO) - Sri Lanka's stock closed down 0.42 percent retreating for a third consecutive day with losses in the index heavy diversified stocks, brokers said.

The benchmark Colombo All Share Index closed 26.82 points lower at 6,422.84 and the S&P SL 20 Index closed 10.59 points lower at 3,635.31 down 0.29 percent.

Turnover was 818 million rupees down from one billion day earlier.

Foreigners brought 432 million rupees worth shares while selling 118 million rupees of shares, in a day that 76 stocks advanced and 131 stocks declined.

Cargills contributed most to the index gain closing at 184.00 rupees up 4.40 rupees, Hatton National Bank closed at 168.80 rupees up 1.80 rupees and Dipped Products gained 6.50 rupees to close at 133.00 rupees.

Meanwhile, Asian markets also fell Wednesday, taking a negative lead from Wall Street as data showed the US trade deficit had widened, while Tokyo slumped following a policy speech by Japan's prime minister.

Tokyo dived 3.83 percent, or 518.89 points, to 13,014.87 -- continuing a rollercoaster couple of weeks that has seen the Nikkei lose about 17 percent.

In other Asian markets, Seoul gave up 1.52 percent, or 30.32 points, to end at 1,959.19. Hong Kong lost 0.97 percent, or 216.28 points, to end at 22,069.24 and Shanghai was flat, dipping 1.49 points to 2,270.93.

In the banking secor, Commercial Bank of Ceylon closed at 123.30 rupees down 70 cents and DFCC Bank closed at 143.90 rupees, up 1.40 rupees. National Development Bank closed at 173.60 rupees down 90 cents. Pan Asia closed at 20.50 rupees down 10 cents.

Union Bank of Colombo closed flat at 19.20 rupees and Sampath Bank gained 1.40 rupees to close at 219.90 rupees.

The Lion Brewery lost 17.70 rupees to close at 391.30 rupees, Distilleries Company lost 40 cents to close at 199.90 rupees and Ceylon Tobacco Company too lost 30 cents to close at 999.60 rupees.

John Keells Holdings lost 2.30 rupees to close at 279.40 rupees and Nestle Lanka closed at 1,976.80 rupees down 1.20 rupees. Aitken Spence closed at 134.00 down 1.00 rupee. Browns Investments closed at 03.40 rupees down 10 cents.

Softlogic Holding closed at 134.10 rupees up 10 cents and Vallibel One closed at 19.20 rupees up 10 cents.

Sri Lanka Telecom closed at 42.30 rupees down 40 cents and Dialog Axiata closed flat at 09.30 rupees.

source - www.lbo.lk