Sri Lankan stocks close flat

June 24, 2009 (LBO) – Sri Lankan shares closed flat Wednesday despite bank stocks losing ground on profit taking, brokers said.

The benchmark Colombo All Share Price Index closed up 0.01 percent (0.23 points) to end at 2,439.94 while the Milanka index of liquid stocks fell 0.64 percent (17.39 points) to close at 2,716.29, according to provisional stock exchange data.

Turnover was 616.2 million rupees.

NTB closed at 32.00 rupees, down 2.25 (6.57-pct) amid concerns on that it had suffered forex losses, while parent company, conglomerate John Keells Holdings closed at 134.50 rupees, down 1.00.

An NTB official said the bank was inquiring into a procedural breach but profits were on track.
DFCC Bank closed at 135.00 rupees, down 2.00, while National Development Bank closed at 150.00 rupees, down 3.00.

Dialog Telekom, a unit of Telekom Malaysia, closed at 5.25 rupees flat with active trading.

Commercial Bank of Ceylon closed at 136.25 rupees, down 75 cents, while Sampath Bank, another private closed at 112.00, down 2.00.