Sri Lanka stocks close down 0.2-pct

Dec 20, 2011 (LBO) – Sri Lankan ended weaker Tuesday, unable to sustain an opening rally in thin turnover, with sharp losses in illiquid shares, brokers said. The main All Share Price Index fell 0.15 percent (9.02 points) to 5,851.94, while the more liquid Milanka index fell 0.34 percent (17.16 points) to close at 5,088.25.

Turnover was a low 382 million rupees, one of the lowest in recent months, according to stock exchange provisional figures.

E B Creasy & Company fell 200.50 rupees or over 11 percent to 1,500 rupees on just one trade of 100 shares while Cargo Boatd development Company lost 9.70 rupees or almost nine percent to end at 100.30 rupees on one transaction of 200 shares.

Index heavyweight John Keells Holdings ended at 167.30 rupees, down 2.80.

Swarnamahal Financial Services was the most actively traded stock, closing up 2.30 at 96.20 rupees with 361,600 shares done, and hitting a high of 98.90.

Commercial Bank, which accounted for the biggest turnover, closed flat at 100 rupees with 832,700 shares traded. There was one crossing or off-market private deal of 350,000 shares at 100 rupees each.

Sampath Bank generated the next biggest turnover, closing at 191.80, down two rupees, with one crossing of 150,000 shares at 192 each.