Sri Lanka stocks becalmed

June 27, 2011 (LBO) – Sri Lankan stocks closed almost flat Monday with speculative trade in Environmental Resources Investment (formerly known as Walker & Greig) and connected firms, brokers said. Abans Financial Services (AFSL) share started trading Monday and closed at 79.80, up 70.30 rupees or 740 percent from their introductory price of 9.50 rupees. AFSL’s hit a high for the day of 104.5 rupees and a low of 51 rupees.

The All Share Price Index closed at 6,894.26, up 0.02 percent (1.70 points) while the Milanka Price Index of more liquid stocks closed at 6,429.91, down 0.15 percent (9.39 points), according to stock exchange provisional figures.

Turnover was 1.9 billion rupees. There were 79 gainers and 140 losers.

Environmental Resources Investment (ERI) was the highest contributor of the day to turnover and closed at 74 rupees, up 11.90 rupees or 19.16 percent.

More than 2.3 ERI shares were traded generating 165 million rupees.

ERI W0002 warrants were the second largest contributor of the day and closed at 38.80 rupees, up 11.40 rupees or 41.61 rupees. More than 2.5 million W0002 shares changed hands generating 89 million rupees.

ERI controlled Dankotuwa Porcelain was the third largest contributor of the day to turnover and closed at 53.80 rupees, up 7.20 rupees or 15.45 percent.

ERI W0003 warrants closed at 33.20 rupees, up 33.27 percent or 8.10 rupees and W0006 warrants closed at 32.20 rupees, up 33.61 percent or 8.10 rupees.

Ceylon Leather, also controlled by ERI, closed at 98.40 rupees, up 18.90 rupees or 23.77 percent. Its W0012 warrants closed at 16.50 rupees, up 5.50 rupees or 50 percent.