Sri Lanka Janashakthi Insurance starts trading

July 21, 2008 (LBO) – Sri Lanka’s Janashakthi Insurance began trading at the Colombo bourse Monday at 13.50 rupees, above its issue price of 12.00, dealers said. Property rich Association Electrical was up 50 rupees to 1,200, The Finance was down 1.00 rupee at 49.00 rupees, John Keells Holdings up 25 cents at 104.75 in the first half hour of trading.

Janashakthi sold shares in an initial public offering at 12.00 rupees.

Active trading was seen at prices between 12.25 and 12.75 rupees, dealer said.

In the first half hour of trading the broader market was little changed with the benchmark All Share Index up just 0.05 percent.