Market down ASP lower 0.4%

Sri Lanka stocks closed on 29.102013, 0.38 percent lower amidst speculative trades and the rupee weakened amid excess rupee liquidity in the banking system.

The Colombo benchmark All Share Price Index closed 22.44 points lower at 5,906.53, down 0.38 percent, after reaching an intra-day high of 5,931.95.
The S&P SL20 closed 1.14 lower at 3,260.62, down 0.03 percent, after reaching an intraday high of 3,269.39.

Turnover was 528.71 million rupees, up from 372.54 million a day earlier, with stocks of 98 firms closing in the red against 78 gainers.

Nestle Lanka closed 39.20 rupees lower at 1,910.80 rupees and Colombo Leasing and Finance closed 30 cents lower at 3.90 rupees.

Cargills Ceylon closed 7.90 rupees lower at 148.10 rupees and Sri Lanka Telecom closed 70 cents lower at 39.10 rupees.

Distilleries closed 3.80 rupees lower at 185.00 rupees.

JKH closed 1.80 rupees higher at 219.90 rupees and Com Bank closed 1.10 rupees higher at 117.70 rupees and featured in a single crossing.

Bukit Darah closed 7.30 rupees higher at 683.00 rupees and Ceylinco Insurance closed 23.90 rupees higher at 1,300.00 rupees.

Textured Jersey closed 50 cents higher at 15.80 rupees.

Speculative trading continued in troubled Touchwood, up 10 cents to 3.90 rupees, with more than 1.4 million shares changing hands.

PCH Holdings closed 20 cents higher at 1.70 rupees with more than 14.78 million shares traded. PC House closed 10 cents lower at 80 cents with more than 1.3 million shares traded.

Free Lanka closed 10 cents higher at 2.50 rupees with more than 10.7 million shares traded.

NDB Bank closed 10 cents at 158.00 rupees and Union Bank closed 50 cents higher at 17.80 rupees.



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