July 05, 2012 (LBO) – Sri Lankan shares ended 0.44 percent lower on Thursday, on volumes of 25.7 million shares, with turnover driven by Malaysiaâ€™s Dialog Axiata Plc, brokers said. Commercial Bank, one of the countryâ€™s most profitable lender, saw its non-voting stock rise 40 cents to 74.00 rupees on 366,265 shares.
Elsewhere, Lanka Walltiles PLC, announced a final dividend of 3.00 rupees per share.
Asian Alliance Assurance PLC announced that Ranil Pathirana, has resigned from his post as non-executive director from June 28, 2012. The benchmark All Share Price Index dipped 21.97 points to 4,924.61, the liquid25-stock Milanka Price Index eased down 0.35 percent or 15,39 points to 4,357.66, while the S&P Sri Lanka index, which tracks the 20-most liquid stocks slipped 0.42 percent or 11.92 points to 2,797.39, according to Colombo Stock Exchange figures.
Thursdayâ€™s turnover ended at 332.71 million rupees, with foreign buying worth 183.85 million rupees over sales of 104.43 million rupees, official figures showed.
Dialog, Sri Lankaâ€™s largest cellular operator, saw a single trade of 7.5 million shares trade at 6.20 rupees. The stock closed flat at 6.20 rupees on trades of 13.72 million shares.
Chevron Lanka, the islandâ€™s dominant lubricant operator, fell 1.60 rupees to 170.00 rupees on 328,471 shares.