Sri Lanka shares end down

Jan 20, 2012 (LBO) – Sri Lankan shares ended weaker once again Friday amid continuing selling pressure with turnover also falling, brokers said.

Environmental Resources Invetsments was also heavily traded, closing at 30.10 rupees, down 50 cents.

Commercial Bank gained 10 cents to close at 100 rupees. The main All Share Price Index closed down 0.09 percent (5.47 points) at 5,781.13, while the more liquid Milanka index rose 0.15 percent (7.38 points) to close at 4,916.89.

Turnover was 742 million rupees, according to stock exchange provisional figures.

The market has slumped even afer the regulator agreed to demands from stock brokers to lend more money to clients to buy stocks.

Newly listed Asia Asset Finance, the most actively traded stock and the day’s biggest loser, closed 90 cents weaker at 6.20 rupees with 23.9 million shares traded, after hitting a high of 8.70. It also accounted for the largest turnover.