Sri Lanka stocks end down almost one percent

Oct 12, 2011 (LBO) – Sri Lankan stocks fell almost one percent Wednesday and turnover was also lower than usual with sharp falls in some shares that had risen sharply in recent weeks, brokers said. The main All Share Price Index fell 0.97 percent (64.81 points) to 6,604.23, while the more liquid Milanka index fell 0.51 percent (29.98 points) to close at 5,905.92, according to stock exchange figures.

Turnover was 1.6 billion rupees.

Asian Alliance Insurance, the day’s biggest loser and third most actively traded stock, fell 88.20 rupees or 26 percent, to close at 244.10, after hitting a low of 240 rupees during the day.

Serendib Hotels was the most actively traded stock, closing at 30.40 rupees, down 2.60 with 2.67 million shares done.

There were several crossings or off-market private deals of John Keells Holdings at 200 rupees a share. It closed flat at 200, accounting for the day’s top turnover.

Softlogic Holdings closed at 20.10 rupees, down 20 cents with 16 million shares traded, including a crossing of 15.7 million shares at 20 rupees each.