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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Trading Monday - Sri Lanka stocks down 0.2-pct

Trading Monday - Sri Lanka stocks down 0.2-pct

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1Trading Monday - Sri Lanka stocks down 0.2-pct Empty Sri Lanka stocks close weaker on telcos Mon Jul 15, 2013 4:35 pm

sriranga

sriranga
Co-Admin
COLOMBO, July 15 (Reuters) - Sri Lankan shares slipped in thin trading on Monday led by telecom shares as investors awaited direction on the rupee.
   
The main share index ended 0.22 percent, or 13.54 points, lower at 6,015.20.
   
Top mobile phone operator Dialog Axiata fell 1.14 percent to 8.70 rupees, while Sri Lanka Telecom, the No. 1 fixed-line phone operator, ended 1.27 percent weaker at 39 rupees.
   
The index hit a near 10-week low on Tuesday on concerns over the rupee's weakening trend and possible foreign outflows.

The local currency was steady on Monday as the deputy central bank governor said he expected the pressure on the rupee to ease as fund inflows pick up after a sell-off in June.
   
Turnover on Monday was 441 million rupees ($3.37 million), well below this year's daily average of about 972 million rupees.

($1 = 130.8500 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Subhranshu Sahu)
http://www.reuters.com/article/2013/07/15/markets-srilanka-idUSL4N0FL1RX20130715

http://sharemarket-srilanka.blogspot.co.uk/

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
July 15, 2013 (LBO) - Sri Lanka's stocks closed down 0.22 percent Monday with large cap stocks making losses, brokers said.

The benchmark Colombo All Share Index closed 13.54 points lower at 6,015.20 down 0.22 percent and the S&P SL 20 Index closed 12.01 points higher at 3,397.44 up 0.35 percent.

Turnover was 440 million rupees up from 328 million from a day earlier.

Commercial Bank contributed most to the index closing at 117.00 rupees up 2.00 rupees while Carsons and Cumberbatch closed at 425.00 up 8.00 rupees. Hatton National Bank closed at 157.00 rupees up 1.00 rupees and National Development Bank closed at 163.90 rupees up 1.90 rupees.

Negative contributors were John Keells Holdings closing at 248.60 rupees down 1.30 rupees and Sri Lanka Telecom closed at 39.00 down 0.50 rupees. Dialog Axiata closed at 8.70 rupees down 10 cents.

In the banking sector, DFCC closed at 129.40 rupees down 0.50 rupees. Sampath Bank closed flat at 198.00 and Pan Asia closed at 18.00 down 0.10 rupees.

Ceylon Tobacco Company closed flat at 1,000.00 rupees while Distilleries Company closed at 188.10 rupees up 0.10 rupees.

Nestle Lanka closed at 1,918.10 down 12.90 rupees and Aitken Spence closed at 126.00 rupees down 10 cents.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-down-0.2-pct/282346673

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