Sri Lanka shares becalmed

Apr 04, 2011 (LBO) – Sri Lankan shares closed barely changed Monday with an information technology company heavily traded although turnover was comparatively lower than usual, brokers said. The All Share Price Index closed at 7,373.14, down 0.06 percent (4.08 points) while the more liquid Milanka index rose 0.12 percent (8.09 points) to close at 7,032.72, according to stock exchange provisional figures.

Turnover was 1.4 billion rupees.

PC House was the most actively traded stock, closing at 19.90 rupees, up 40 cents with over 7.3 million shares hanging hands.

Guardian Capital Partners was also heavily traded, closing at 318.80 rupees, down 80 cents. The share hit a high of 344.90 and a low of 311.20.

Union Bank of Colombo, which began trading last week, was again actively traded closing at 35.30, down 1.20 with 796,100 shares done.

There was a single crossing of John Keells Holdings of 82,000 shares at 297.50 rupees each. The stock closed at 296.50, up 90 cents with 460,700 shares traded.