Sri Lanka shares end down 2.1-pct

Feb 08, 2012 (LBO) – Sri Lanka’s stock market slide deepened Wednesday with the main index plunging over 100 points, down for the sixth straight trading session, brokers said. The main All Share Price Index closed down 2.14 percent (119.18 points) at 5,442.25, while the more liquid Milanka index fell 1.75 percent (84.20 points) to close at 4,721.79.

Turnover was 878 million rupees, according to stock exchange provisional figures.

Index heavyweight John Keells Holdings fell 2.60 rupees to close at 164.90 rupees while Commercial Bank fell 60 cents to end at 101.40 rupees.

Environmental Resources Investments W0006 warrants were the second biggest loser of the day, ending at 8.50 rupees, down 1.60.

Environmental Resources Investments shares, the second most actively traded, closed at 24.10 rupees, down 2.50.

ERI has been under selling pressure after it delayed the conversion of some warrants whose trading has been suspended by the market regulator.

PC Pharma was another big loser, closing at 41.40 rupees, down 7.60 rupees.

Newly listed Asia Asset Finance was the most actively traded stock, closing at 5.10 rupees, down 60 cents with over 8.8 million shares changing hands.