Lanka Business Online

Sri Lanka shares end down 0.2-pct

April 09, 2012 (LBO) – Sri Lankan shares closed slightly weaker Monday and trading slumped to a low of 132 million rupees, the lowest since May 2009, ahead of traditional new year holidays. Citrus Leisure, which revealed the ownership of a prime beach front property it bought on the east coast for 169 million rupees is now being disputed in court, fell 90 cents to close at 28.10 rupees. The main All Share Price Index fell 0.19 percent (10.13 points) to 5,413.12, while the more liquid Milanka index rose 0.07 percent (3.49) to close at 4,897.16.

Turnover was a low 132 million rupees, according to stock exchange provisional figures.

Lanka Securities said market activity was very low and the daily turnover was the lowest since May 2009.

The market is closed Thursday and Friday for traditional new year holidays.

The top contributors to turnover were Asiri Surgical Hospital, John Keells Holdings and Swarnamahal Financial Services.

Index heavyweight John Keells Holdings closed at 209.10 rupees, down 20 cents.

Asiri Surgical Hospital closed at 8.50 rupees, up 60 cents while Swarnamahal Financial Services ended at 8.50 rupees, up 10 cents.

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