Sri Lankan stocks close flat

Oct 11, 2010 (LBO) – Sri Lankan stocks closed flat after early morning gains were lost brokers said, while a large deal on Aitken Spence pushed turnover to almost seven billion rupees. The All Share Price Index closed at 6,834.61, up 0.01 percent (1.00 points), while the more liquid Milanka index fell 0.11 percent (8.26 points) to close at 7,458.03, according to stock exchange provisional figures.

Turnover was 6.8 billion rupees.

An 18 million share tranche of Aitken Spence, an index heavy conglomerate that has business interest in transport and leisure sectors changed hands at 230.00 rupees, per share in a deal worth 4.14 billion rupees.

The stock closed at 216.00 rupees, up 3.20 (1.5 percent).

The deal appeared to be an internal transfer within a key state-run shareholder, market sources said.

John Keells Holdings, another index heavy conglomerate closed at 325.50 rupees, up 4.50 (1.4 percent), while Hayleys closed at 341.50 rupees, down 30 cents (0.09 percent) and Hemas Holdings closed at 48.00 rupees, up 50 cents (1.05 percent).

Ceylon Leather Products warrants 0013, a unit of the Environmental Resources Group (ERI) closed at 20.10 rupees, up 10 cents (0.50 percent).