Sri Lanka stocks close down 0.3-pct

Dec 02, 2010 (LBO) – Sri Lankan stocks ended down 0.32 percent Thursday, with both indices being dragged down by index heavy stocks and the banking sector, brokers said.

The All Share Price Index closed at 6,538.84, down 0.32 percent (21.05 points) while the Milanka index of liquid stocks dipped 0.73 percent (52.05 points) to close at 7,058.92, according to Colombo Stock Exchange (CSE) provisional figures.

Turnover was 3.3 billion rupees. There were 64 gainers and 140 losers.

“We feel that there was profit taking among the investors today from gains made yesterday,” Jennita Silva of Bartleet Mallory Stockbrokers said.

Seylan Bank non-voting shares were heavily traded with over 2.2 million shares changing hands and the stock closing at 52.00, down 1.20 rupees.

Among other banks Sampath Bank closed at 259.80, down 1.40 rupees, Commercial Bank closed at 270.70, down 1.40 and DFCC closed at 201.70, down 4.20 rupees.

JKH closed at 30.10, up 0.40 cents with 4.9 million shares changing hands. There were four crossings at 301 rupees each. Hayleys closed at 347.00, down 3.00 rupees.

Tokoyo Cement Company closedat at 34.90, down 0.70 cents with 1.8 million shares done.