Sri Lanka stocks end up 0.8-pct

Nov 18, 2011 (LBO) – Sri Lankan shares ended higher for the second day running with turnover boosted by big chunks of a tile maker which changed hands at a premium, brokers said. Heavy trading in John Keells Holdings also bolstered turnover. It closed at 174.40 rupees, down 50 cents, with 1.3 million shares changing hands, including a crossing of 400,000 shares at 175 rupees each.

There was one crossing of 3.3 million shares of Textured Jersey Lanka at 15 rupees each. The stock closed at 10.80 rupees, up 60 cents. The main All Share Price Index rose 0.79 percent (47.96 points) to 6,140.52, while the more liquid Milanka index rose 0.73 percent (38.69 points) to close at 5,349.54, according to stock exchange figures.

Turnover was 1.8 billion rupees.

Lanka Ceramic bought 5.5 million shares of its subsidiary Lanka Walltile, almost all at 112.50 rupees each, accounting for the biggest turnover of the day.

Lanka Walltile closed at 100.10 rupees, up 5.10 rupees.