Sri Lanka stocks close down 0.2-pct

Dec 15, 2010 (LBO) – Sri Lankan stocks closed down 0.19 percent Wednesday, dragged down by banking and index heavy stocks while shares of a gas distributor which debuted last week fell to their issue price, brokers said.

The All Share Price Index closed at 6,373.76, down 0.19 percent (11.84 points) while the Milanka index of liquid stocks dipped 0.14 percent (9.37 points) to close at 6,833.35, according to Colombo Stock Exchange (CSE) provisional figures.

Turnover was 671 million rupees.

“The market continued to be flat on a relatively low turnover. We feel the forthcoming slightly dull trading environment would prevail till the end of the year,” Nikita Tissera of S C Securities said.

JKH closed at 295.30, up 1.40 rupees and Dialog Axiata closed flat at 11.40.

Sampath Bank closed at 255.50, down 0.90 cents and Commercial Bank closed at 260.00, down 0.10 cents.

Tokyo Cement Company closed at 38.50, down 0.40 cents with 1.4 million shares done.

Voting shares of Laugfs Gas dipped to its IPO issue price of 23.00 rupees during trading at mid-day but recovered to close at 23.10.

The company’s shares opened trading on December 8, rising to 31 rupees but closing its first day of trading at 27.00 rupees.