Sri Lanka shares end up 1.21-pct

Dec 22, 2010 (LBO) – Sri Lankan stocks rebounded Wednesday with large private deals in a conglomerate and a poultry firm boosting turnover, brokers said. Just over two million shares of Janashakthi Insurance Company were done in a private deal at 15.70 rupees each. The stock closed at 15.50, up a rupee. The All Share Price Index closed at 6,455.82, up 1.21 percent (76.91 points) while the more liquid Milanka index rose 1.11 percent (76.04 points) to close at 6,904.91, according to stock exchange provisional figures.

Turnover was 2.3 billion rupees.

There were two crossings of conglomerate John Keells Holdings of 1.7 million shares and 90,000 shares at 300 rupees each and another deal of 75,000 shares at 299 rupees a share, the price at which the stock closed, up 90 cents.

Three deals were also done in Bairaha Farms, one of 264,900 shares at 280 rupees a share, another of 85,000 at 275 rupees and the third of 300,000 at 270 rupees each.

The stock closed at 279.40 rupees, up 31.80 rupees or almost 13 percent.

Ceylon Grain Elevators was the most actively traded stock with over 2.38 million shares changing hands and the share closing at 71.60 rupees, up three.

Three Acre Farms was the second most actively traded share, closing at 80.90, up 5.40 rupees with 881,300 shares traded.

There was also heavy trading in Piramal Glass, which closed at eight rupees, up 30 cents with over nine million shares traded.