Sri Lankan stocks dip 0.22 percent

June 06, 2012 (LBO) – Sri Lankan share prices slipped 0.22 percent on Wednesday, as investors cherry-picked selected counters, brokers said. The broader All Share Price Index fell 10.85 points to close at 4,737.75, while the more liquid Milanka Price Index dipped 0.22 percent or 9.54 points to end at 4,198.26, according to Colombo Stock Exchange figures.

Wednesday’s turnover of 247.61 million rupees was largely driven by trades in NDB Bank, John Keells Holdings PLC, Carsons PLC, Aitken Spence and Commercial Bank PLC.

NDB, gained 1.70 rupees to 99.90 rupees on 296,926 shares.

Shares of Royal Ceramics PLC, one of the island’s leading ceramic and porcelain tile manufacturers, rose 70 cents to 94.50 rupees.

Tokyo Cement non-voting stock slipped 10 cents to 18.90 rupees on trades of 613,859 shares.

Market heavyweight, JKH, rose 3.70 rupees to 177.00 rupees on trades of 64,002 shares.