Sri Lanka shares close weaker

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

June 3, 2008 (LBO) – Sri Lanka stocks closed 0.2 percent lower Tuesday amidst muted retail activity, traders said. The All Share Price Index (ASPI) closed 0.28 percent (6.98 points) lower at 2,520.43 points while the Milanka Index shed 0.20 percent (6.20 points) to close at 3,044.37.

Total turnover was 187.9 million rupees and trading volume was close to seven million shares.

Most activity was seen in Pan Asia Bank with over 1.791 million shares. The stock closed 25 cents lower at 12.25 rupees.

Aitken Spence share closed nine rupees higher 559.00 while index heavy John Keells Holdings closed 25 cents down at 114.75 rupees on retail transactions.

Sri Lanka Telecom lost 75 cents, after the mandatory offer to close at 48.00 rupees and Dialog Telekom closed flat at 13.50 rupees.

Only retail activity was seen on plantations stocks, brokers said. Index heavy Carsons and Cumberbatch share dropped 190.00 to close at 4,450.00.

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