Sri Lanka stocks becalmed

Dec 13, 2010 (LBO) – Sri Lankan stocks closed flat Monday with more retail participation seen in the market, brokers said. The company’s voting shares closed at 24.30, down 1.10 rupees while the non-voting shares closed at 15.50, down 0.70 cents.

The All Share Price Index closed at 6,436.82, up 0.06 percent (4.07 points) while the Milanka index of liquid stocks rose 0.15 percent (10.10 points) to close at 6,895.55, according to Colombo Stock Exchange (CSE) provisional figures.

Turnover was 7.9 billion rupees.

Indices rose marginally with more retail participation apart from large private trades in Sampath Bank, said Thakshila Hulangamuwa of Asha Phillip Securities.

“We might not see much volatility in the market these days due to the season.”

Sampath Bank closed at 260.90, up 6.10 rupees with over 23 million shares changing hand in four crossings or off-the floor private deals.

Three crossings were at 300.00 while there was one at 255.00 all of which contributed 6.9 billion to total turnover.

JKH closed at 295.50, up 5.50 rupees with over 900,000 shares done.

Laugfs Gas shares were heavily traded with over 1.9 million voting shares changing hands while 1.44 million non-voting shares were also traded.