Sri Lanka stocks close flat, rupee weaker

Mar 14, 2012 (LBO) – Sri Lanka’s stocks closed flat Wednesday, with foreign investors being net buyers and the rupee fell to a new low in forex markets, brokers and dealers said. The benchmark Colombo All Share Index closed down 5.19 points at 5,418.07 points and the Milanka Index of liquid stocks gained 0.39 percent (18.80 points) to close at 4,822.31 points.

Turnover was 1.2 billion rupees with a volume of 45.4 million shares traded. Foreign net buying was 71 million rupees.

A parcel of 1.5 million shares in Eagle Insurance changed hands at 203.00 rupees.

Five parcels totaling 15.45 million shares of Orient Garments were traded off-market at 15.20 rupees each with deals being a transfer between an investor and a private holding company, sources familiar with the matter said.

A further five crossings amounting to 8.2 million shares of PC Pharma took place at 25.00 rupees a share.

Blue chip JKH, trading up 1.00 rupee at 195.00 rupees, was actively traded, contributing 117.6 million rupees to turnover.

Commercial Bank rose 0.40 rupees to 99.60 rupees while Vallibel One share gained 0.30 rupees reaching 20.30 rupees.

Retailers were active on Citrus Leisure which ended flat at 30.00 rupees and Bimputh Lanka Investments, appreciating 3.00 rupees to reach 36.00 rupees.

Blue Diamonds voting share ended the day on 5.60 rupees, up 0.10 rupees with no change in its non voting share, closing at 2.50 rupees.

Softlogic Holdings gained 0.40 rupees to 12.80 rupees while Capital Alliance Finance rose 1.20 rupees to 36.70 rupees.