Sri Lanka shares becalmed

May 30, 2011 (LBO) – Sri Lankan shares ended flat Monday with active trade in newly listed The Multi Finance Company and Capital Development and Investment Company, brokers said. Singer Sri Lanka went up 16.30 rupees or 14.19 percent to end at 131.2 rupees. There were three crossings of a total of 530,000 shares all at 122 rupees a share. The main All Share Price Index closed at 7,468.41, up 0.12 percent
(8.83 points) while the more liquid Milanka index was down 0.13 percent
(9.25 points) to close at 6,866.29, according to stock exchange provisional figures.

Turnover was 3.1 billion rupees.

The Multi Finance Company, which began trading Monday, was the top gainer of the day and closed up 15 rupees or 106.08 percent at 30.50 rupees.

The share opened at 35 rupees and hit a high of 65 rupees.

Capital Development and Investment Company shot up 303.10 rupees or almost 75 percent and ended at 707.30 rupees.

The markets regulator brought the share under its 10 percent price band with effect from May 31 2011 to June 06, 2011.

Shares of Aviva NDB Insurance went up 7.03 percent or 20.40 rupees to end at 310.60 after news that the firm was going to be sold.