Sri Lanka shares end down 0.4-pct

June 01, 2011 (LBO) – Sri Lankan shares ended weaker Wednesday with some interest seen in financial and property stocks, brokers said. The main All Share Price Index closed at 7,387.15, down 0.42 percent (30.92 points) while the more liquid Milanka index rose 0.08 percent (5.45 points) to close at 6,859.06, according to stock exchange figures.

Turnover was 2.7 billion rupees.

Commercial Credit, which began trading Wednesday with a reference price of 25.40 rupees, was the day’s top gainer, shooting up to 45 before closing at 33 rupees, up 7.60 rupees or almost 30 percent with just over three million shares changing hands.

Nation Lanka Finance was the most actively traded stock again, closing at 30.30 rupees, down 1.70 with just over 10 million shares done.

Janashakthi Insurance Company was also heavily traded, closing at 21.20, up 1.60 with almost 16.5 million shares traded.

There was a crossing or private off-the-floor deal of Janashakthi of two million shares at 20.10 rupees each.

There were two crossings in Central Finance Company, one of 31,500 shares at 1,600 rupees each and the other of 12,000 shares at 1,670 rupees each.

Colombo Land & Development Company also saw active trading and was among the top gainers with almost 7.9 million shares traded, and closed at 37.90, up 3.20.