Sri Lanka shares end lower

Apr 06, 2011 (LBO) – Sri Lankan shares closed lower Wednesday with poultry sector stocks again drawing interest along with a hotel that boosted turnover, brokers said. The All Share Price Index closed at 7,359.90, down 0.14 percent (10.12 points) while the more liquid Milanka index fell 0.37 percent (25.85 points) to close at 6,996.43, according to stock exchange provisional figures.

Turnover was 1.46 billion rupees.

There was active trading again in the poultry sector stocks which had gained the day before, ahead of the traditional new year festivities that are seen as improving sales.

Bairaha Farms lost some of its gains of Tuesday, closing at 481.10, down 7.40 with 230.100 shares traded while Ceylon Grain Elevators also fell, down 2.90 to end at 174.40 rupees, with 194,300 shares done.

There was a single private deal in Citrus Leisure of 866,000 shares at 75 each. The stock closed at 76.60, up 1.40, with over three million shares traded.

Union Bank of Colombo, which debuted last week, was also actively traded, closing at 33.40, down 1.70, following Tuesday’s losses, with 901,200 shares changing hand

There was continued interest in PC House which ended at 20.20, up 70 cents with 1.5 million shares traded.

Vallibel Power Erathna was another actively traded stock, up 70 cents to end at 10.30 rupes with 2.3 million shares changing hands.

Commercial Bank saw crossing of 75,000 shares at 270 each with the stock closing at 270, up 1.70.