Sri Lanka shares end down one-pct

Jan 19, 2012 (LBO) – Sri Lankan shares slumped again Thursday as selling pressure continued despite the regulator agreeing to demands from stock brokers to lend more money to buy stocks, brokers said. PC Pharma which began trading this week closed at 54.60 rupees, up three rupees, with a million shares crossed at 52 rupees a share.

Environmental Resources Investments was also heavily traded, closing at 30.60 rupees, up 20 cents with 2.1 million shares done.

HVA Foods was also actively traded, closing at 33.90 rupees, down 1.30. The main All Share Price Index closed down 1.02 percent (59.81 points) at 5,786.60, while the more liquid Milanka index fell 0.40 percent (19.62 points) to close at 4,909.51.

Turnover was 952 million rupees, according to stock exchange provisional figures.

Newly listed Asia Asset Finance bounced back, recovering some of its losses of the day before, and was the most actively traded stock and the day’s second highest gainer.
It closed at 7.10 rupees, up 1.60, with 23.5 million shares traded.

Commercial Bank accounted for the biggest turnover, closing at 99.90, down 20 cents with 2.2 million shares traded. This included two crossings or off-market private deals, one of 201,000 shares and the other of 1,799,000 shares, all at 100 rupees each.