Sri Lanka stocks close down 0.2-pct

Dec 10, 2010 (LBO) – Sri Lankan stocks continued their slide Friday, ending down 0.20 percent with institutions staying out and the retail investors selling, brokers said.

The All Share Price Index closed at 6,432.75, down 0.20 percent (13.02 points) while the Milanka index of liquid stocks dipped 0.44 percent (30.44 points) to close at 6,885.45, according to Colombo Stock Exchange (CSE) provisional figures.

Turnover was 1.2 billion rupees.

“The slow down in the market continued with little participation seen from the institutions and retailers selling out.” Thakshila Hulangamuwa, Asha Phillip Securities said.

“We expect this trend to continue for about another two weeks.” he said.

Janashakthi Insurance closed at 15.00, up 0.40 cents with a million share changing hands.

JKH closed at 290.00, down 2.00 rupees and Dialog Axiata closed flat at 11.90 with over 11 million shares done.

Laugfs Gas shares were heavily traded with over one million voting shares changing hands while 1.5 million non-voting shares were also traded.

The company’s voting shares closed at 25.40, down 0.60 cents while the non-voting shares closed at 16.20, down 0.20 cents.