June 06, 2013 (LBO) - Sri Lanka's stocks closed down 0.79 percent on Thursday with the for a fourth consecutive day due to profit taking by investors and losses in heavy index companies, brokers said.
The benchmark Colombo All Share Index closed 50.46 points lower at 6,372.38 and the S&P SL 20 Index closed 53.49 points lower at 3,581.56 down 1.47 percent.
Turnover was 1.3 billion rupees up from 818 million day earlier.
Foreigners brought 744 million rupees worth shares while selling 191 million rupees of shares, in a day that 59 stocks advanced and 137 stocks declined.
The Lion Brewery contributed most to the index gain closing at 405.00 rupees up 13.70 rupees, Ceylinco Insurance closed at 1,039.00 rupees up 39.00 rupees and Commercial Leasing and Finance gained 10 cents to close at 04.20 rupees.
Kotmale Holdings was the top gainer Thursday gaining 7.30 rupee to close at 53.50 rupees, helped by a crossing of 500,000 shares at 55 rupees per share. Brokers speculate that Cargills, the parent of Kotmale is trying to increase its stake.
Cargills closed at 180.60 rupees down 3.40 rupees.
The main crossing were recorded by Ceylon & Foreign, a crossing of 12.5 million shares at 8 rupees per share to close at 7.30 rupees up 20 cents.
Asian markets sank Thursday following a sell-off on Wall Street, where dealers were spooked by disappointing US jobs data. The dollar rose slightly after shedding around one percent against the yen in New York.
Tokyo fell 0.85 percent, or 110.85 points, to 12,904.02, extending an almost four percent decline on Wednesday while Hong Kong lost 1.05 percent, or 230.81 points, to close at 21,838.43. Shanghai was down 1.27 percent, or 28.82 points, at 2,242.11.
Commercial Bank of Ceylon closed at 122.90 rupees down 40 cents with a crossing of two million shares at 123.50 rupees per share, Hatton National Bank too had a crossing of two million shares at 169.50 rupees per share and closed at 169.30 rupees up 50 cents.
DFCC Bank closed at 142.80 rupees up 1.10 rupees and National Development Bank closed at 172.80 rupees, down 80 cents.
Pan Asia closed at 20.40 rupees down 10 cents. Union Bank of Colombo closed at 19.10 rupees down 10 cents and Sampath Bank lost 60 cents to close at 219.30 rupees.
LB Finance closed at 132.50 rupees down 1.40 rupees and Peoples Leasing and Finance closed at 15.00 rupees up 10 cents.
Distilleries Company lost 3.00 rupees to close at 196.90 rupees and Ceylon Tobacco Company too lost 24.60 rupees to close at 975.00 rupees.
John Keells Holdings lost 6.20 rupees to close at 273.20 rupees and Nestle Lanka closed at 1,980.10 rupees down 3.30 rupees.
Aitken Spence closed at 134.50 down 40 cents. Browns Investments closed flat at 03.30 rupees.
Softlogic Holding closed at 11.10 rupees down 20 cents and Vallibel One closed at 19.10 rupees down 10 cents.
Sri Lanka Telecom closed at 42.00 rupees down 30 cents and Dialog Axiata closed flat at 09.30 rupees. (Ends)