Sept 28, 2011 (LBO) – Sri Lankan stocks closed weaker Wednesday after being stagnant for two days on rather thin turnover, brokers said. The main All Share Price Index fell 0.40 percent (27.01 points) to 6,710.67, while the more liquid Milanka index fell 0.47 percent (28.21 points) to close below the 5,000 mark at 5,999.28, according to stock exchange figures.
Turnover was 1.5 billion rupees.
Nestle Lanka accounted for the day’s highest turnover, closing at 875.70 rupees, down 14.30 with 234,800 shares traded, the bulk in three crossings or off-market private deals all at 875 rupees a share.
HVA Foods was the third biggest loser, falling 4.90 rupees to close at 54.50 with 522,600 shares traded.
Colombo Land & Development Company was the most actively traded stock, closing at 65.90 rupees, up 50 cents with over 2.7 million shares changing hands.
Fridge maker Regnis (Lanka) which had been pushed up by speculators, closed at 396.90 rupees, up 56.20, after hitting a high of 403 rupees.