Sri Lanka shares up 0.3-pct

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

May 13, 2011 (LBO) – Sri Lankan stocks closed mixed in dull trade with the market with Nation Lanka Finance the highest contributor to the day’s turnover, brokers said. The main All Share Price Index closed at 7,319.94 up 0.26 percent (19.12 points) while the more liquid Milanka index down 0.11 percent (7.33 points) to close at 6,769.36, according to stock exchange figures.

Turnover was 1.6 billion rupees.

Prices of Environmental Resources Investment (ERI) shares and warrants fell after the company announced the conversion date for warrants had been put off from May-June to November-December.

Brokers said investors were also anticipating the conclusion of a probe by regulators into ERI as well as tree valuation by forestry firm Touchwood.

Nation Lanka Finance closed at 19.10 rupees, up 2.50 with 20 million (420 million rupees) shares done.