Sri Lanka stocks becalmed

Sept 27, 2011 (LBO) – Sri Lankan stocks were becalmed for the second day Tuesday with turnover also lower than usual amind continued trade in shares that had drawn speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.43 points) to 6,737.45, while the more liquid Milanka index rose 0.03 percent (1.77 points) to close at 6,027.58, according to stock exchange figures.

Turnover was 1.3 billion rupees.

HVA Foods was the most actively traded stock, with over 3.2 million shares done, and closing at 59.40 rupees, up 80 cents.

Radian Gems International was also actively traded with 380,500 shares done, closing at 209.70 rupees, down 2.60, after hitting a high of 226.50.

Active trading was also seen in fridge maker Regnis (Lanka) which closed at 340.70 rupees, up 22.30.

Asian Alliance, which has been acquired by the Softlogic group, closed at 234 rupees, up 20.70

Meanwhile, Sri Lanka Insurance Corporation said in a stock exchange filing it bought 29.3 million shares of Tess Agro or a 16.29 percent stake for between 3.90 rupees and 5.80 rupees a share.