May 25, 2011 (LBO) – Sri Lankan shares closed firmer Wednesday with heavy trading once again in a property firm in which a big stake changed hands last week, brokers said. John Keells Holdings was also actively traded, closing at 300.10 rupees, up 40 cents with over 1.75 million shares changing hands. There were three crossings of JKH at 298 and 301 rupees each. The main All Share Price Index closed at 7,446.69, up 0.20 percent (14.72 points) while the more liquid Milanka index rose 0.30 percent (20.84 points) to close at 6,878.45, according to stock exchange provisional figures.
Turnover was four billion rupees.
Touchwood Investment was the most actively traded stock, closing at 30.60 rupees, up seven with 13.6 million shares done in speculative trade.
Colombo Land & Development Company was one of the top gainers of the day and one of the most actively traded stocks.
The stock closed at 38.30 rupees, up 3.40 rupees or almost 10 percent, the maximum allowed under a regulatory price band, with almost 14 million shares traded.