Sri Lanka stock close 0.5-pct lower

Jan 05, 2012 (LBO) – Sri Lanka stocks closed 0.5-pct lower Thursday in thin trade, with shares weakening for the third straight day, while bond rates held steady, brokers and dealers said. The benchmark Colombo All Share Index fell 33 points to 5,939.75 points and the Milanka Index of liquid stocks fell 27.4 points (0.54 percent) to 5.093.46 points.

In forex markets authorities continued to defend a dollar peg at 113.90 rupees. Bond yield which fell below 10 percent earlier in the week held with bond maturing in early 2012 quoted at 9.55/60 percent and a 2015 bond quoted at 9.80/85 percent dealers said.

In equities Aviva NDB Insurance fell 10 rupees to 250.00 rupees, Browns fell 5.00 rupees to 215.00, Capital Development and Investment Company fell 22.90 to 300 rupees, Ceylinco Insurance fell 46.80 to 699.90 and Colombo Pharmacy fell 55.50 to 1,053.20 rupees.

Chemanex rose 10.00 rupees to 120.00, Colonial Motors rose 14.30 to 404.30, Hatton National Bank rose 4.90 to 154.90 and United Motors rose 1.0 rupees 144.00 rupees.