Sri Lanka shares becalmed

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

April 10, 2012 (LBO) – Sri Lankan shares closed almost stagnant Tuesday with trading still at low levels ahead of traditional new year holidays later in the week, brokers said. Swarnamahal Financial Services was the most actively traded stock, closing at 8.80 rupees, up 30 cents while Piramal Glass was also actively traded, ending at 6.10, up 20 cents. The main All Share Price Index fell 0.01 percent (0.36 points) to 5,412.76, while the more liquid Milanka index rose 0.37 percent (18.16) to close at 4,915.32.

Turnover was a low 203 million rupees, according to stock exchange provisional figures, slightly up from Monday when it sank to the lowest since May 2009

Index heavyweight John Keells Holdings closed at 209 rupees, down 10 cents.

Citrus Leisure, which the day before revealed title to a prime beach property it had bought last year was being disputed in court, rose to 28.90 rupees, up 80 cents.