Sri Lanka stocks end down 0.5-pct

Aug 02, 2011 (LBO) — Sri Lankan stocks closed lower Tuesday amid profit-taking in a retail-driven market and renewed retail interest in Blue Diamond Jewellery Worldwide, brokers said. The day’s crossings or off –market privately negotiated deals were 200,000 shares of Hatton National Bank at 219 rupees each, 105,000 shares of Colonial Motors at 295.00 rupees, 270,000 shares of Commercial Bank at 250 rupees, and 500,000 shares of Dipped Products at 99 rupees.

The benchmark All Share Price Index ended down 0.50 percent or 34.56 points at 6,819.58, while the Milanka Index of more liquid stocks closed down 0.52 percent (32.50 points) at 6,212.44, according to stock exchange provisional figures.

Turnover was 1.5 billion rupees. There were 75 gainers and 150 losers.

Seylan Developments was the main contributor to the day’s turnover, closing at 13.80 rupees, up 10 cents or 0.73 percent, with over 10.9 million shares worth 155.5 million rupees changing hands.

Blue Diamond Jewellery Worldwide was the most heavily traded stock of the day. It closed at 9.20 rupees up 60 cents or 6.98 percent with over 15.9 million shares traded generating 147.4 million rupees.

East-West Properties closed at 19.10 up 1.70 rupees with 5.2 million shares done, generating 99.7 million rupees.

Print Care was the day’s highest percentage gainer and closed at 50.60 rupees up 13.60 or 36.76 percent. Dipped Products closed at 113.90 rupees up 15.90 rupees or 16.22 percent while Central Industries closed at 96.50 up 12.40 rupees or 13.78 percent.

Ceylon Leather Products W-12 warrants were the day’s highest percentage-wise loser and closed at 1.90 rupees down 1.60 rupees or 43.24 percent. Ceylon Grain Elevators closed at 123.70 rupees, down 15.90 rupees or 11.29 percent amidst profit taking while Three Acre Farms closed at 125.30 down 13.70 rupees or 9.84 percent.