Sri Lanka stocks close down 0.59-pct

Oct 20, 2010 (LBO) – Sri Lanka stocks closed down Wednesday, dragged down by falls in index heavy stocks like John Keells Holdings (JKH) and Hatton National Bank (HNB), brokers said.

The Colombo All Share Index closed down 0.59 percent (39.39 points) to 6,664.22 points, while the Milanka Index of more liquid stocks dipped 1.07 percent (78.10 points) to 7,228.46, according to provisional Colombo Stock Exchange data.

Turnover was 5.2 billion rupees.

JKH, an index heavy conglomerate with business interest in transport, leisure, financial service, food processing and retail sectors closed at 303.70 rupees, down 6.30 (2.03 percent) on 7.9 million shares traded, while HNB, closed at 400.30 rupees, down 9.00 (2.2 percent).

Aitken Spence closed at 188.20 rupees, down 4.40 (2.3 percent), Hayleys closed at 348.10 rupees, up 1.00 (0.30 percent) and Hemas Holdings closed at 45.00 rupees, down 30 cents (0.66 percent).

Distilleries Company of Sri Lanka, a unit of unlisted tea company Stassens group controlled by businessman Harry Jayawardena closed at 182.90, up 1.60 (0.88 percent) on 3.3 million shares traded.