Sri Lanka shares becalmed, JKH gains

Aug 08, 2008 (LBO) – Sri Lankan stocks closed barely changed with a big block of John Keells Holdings shares changing hands at 104.50 rupees, brokers said. The All Share Price Index closed marginally up, gaining 1.08 points to 2,466.56 while the more liquid Milanka fell 0.11 percent (3.30 points) to 2,931.72.

Turnover was 541 million rupees boosted by the sale of a block of three million JKH shares at 104.50 rupees which added 313.5 million rupees to the day’s turnover.

JKH rose 2.65 percent (2.75) to close at 106.50 rupees on the volume weighted average price.

Brokers also said there was some interest in Tokyo Cement non-voting shares and Chevron Lubricants Lanka.

Hayleys Exports was the most actively traded stock and led the gains, closing up 15.11 percent (5.25) at 40 rupees. There were 286,800 shares traded between 34.75 and 40 rupees.

Sri Lanka Telecom fell 3.21 percent (1.50) to 45.25 rupees while LIOC was down 3.06 percent (75 cents) to 23.75 rupees.