Sri Lanka stocks slump one-pct

July 19, 2011 (LBO) – Sri Lanka share prices slumped Tuesday for the second day after last week’s brief rally, with losses in index-heavy stocks and newly listed ones, brokers said. The main All Share Price Index closed at 6,675.70, down 1.02 percent (68.49 points) while the more liquid Milanka index fell 0.82 percent (51.12 points) to close at 6,198.20, according to stock exchange figures.

Turnover was 1.68 billion rupees.

Commercial Bank was the biggest contributor to turnover with 751,200 shares changing hands including two crossings or off-market private deals each of 375,000 shares at 260 rupees a share.

The stock closed at 257 rupees, up 90 cents.

Market heavyweight John Keells Holdings closed at 202 rupees, down 4.10, with 605,300 shares traded. There was a single crossing of 100,000 shares at 203 rupees each.

Softlogic Holdings, a recent debutant, was also heavily traded with 5.37 million shares done. It closed at 26 rupees, down 40 cents, still below its IPO price of 29 rupees.

Expolanka Holdings, another newly listed stock, closed at 15 rupees, down 30 cents with 5.58 million shares traded.

Vallibel One, also a recent debutant, saw heavy trading, with 2.35 million shares changing hands. It closed at 29.80 rupees, down 1.10.