Sri Lanka stocks end down 0.5-pct

Sri Lankan Police forming a human chain in parliament to protect the Speaker and enable a vote.

Sep 13, 2011 (LBO) – Sri Lankan stocks slumped again Tuesday continuing a slide that began towards the end of last week, with the highlight being trading in Lanka Milk Foods in which there were several deals, brokers said. The main All Share Price Index fell 0.54 percent (37.58 points) to 6,930.04, while the more liquid Milanka index ws barely changed, down just 0.01 percent (0.63 points) to close at 6,270.41, according to stock exchange figures.

Turnover was 3.0 billion rupees.

Trading in Lanka Milk Foods, in which there were several crossings or off-market private deals, boosted turnover.

LMF closed at 110.40 rupees, up 20 cents, with over 5.6 million shares traded, and hitting a high of 116.10.

There were 11 crossings of LMF of over 5.5 million shares all at 105 rupees each except one at 107 rupees.

Muller and Phipps (Ceylon) was the most actively traded stock, with almost 74.8 million shares changing hands and closing at 3.30 rupees, up 30 cents, after rising to a high of 4.30.

Tess Agro was again heavily traded, closing at 5.30 rupees, up 10 cents, with almost 31.2 million shares done.