Sri Lanka shares closer higher

Apr 07, 2011 (LBO) – Sri Lankan shares closed higher Thursday with some interest in the banking and finance sector although total trading volumes were lower than uual, brokers said. The All Share Price Index closed at 7,378.73, up 0.26 percent (18.83 points) while the more liquid Milanka index rose 0.18 percent (12.90 points) to close at 7,009.33, according to stock exchange provisional figures.

Turnover was 1.65 billion rupees.

Union Bank of Colombo, which began trading last week, was the actively traded share, closing at 33.10 rupees, down 30 cents with 657,700 shares changing hands.

Lanken Developments also drew interest, closing at 78.80 rupees, up 3.80 with 357,400 shares traded.

Central Finance saw two crossings of 18,100 shares each at 1,210 rupees a share. It closed at 1,224, down 16.90.

There were also several crossings of Citrus Leisure warrants, some at 26 rupees and others at 32 and 19.50.

Tokyo Cement non-voting shares saw active trading with the stock closing at 48.90, up 2.50, with 2.9 million shares changing hands.

John Keells Holdings was also actively traded, closing at 297.70, up 1.40 with 437,400 shares done, including a private deal of 120,100 shares at 296.50.