Sri Lanka stocks down 0.50 pct

(L-R) : Jeevith Senaratne, Director Operations - Star Garment Group; Shanaka Rabel, Group Chief Digital and Transformation Officer - Stretchline Holdings Ltd; Janaka Botejue, Chairman – Bernard Botejue Industries; Sanjeewa Kodikara, Chief Information Officer- Hirdaramani Group

Aug 24, 2012 (LBO) – Sri Lanka stocks closed down 0.50 percent Friday with large cap stocks trading at lower levels, brokers said. The All Share Price Index dropped 25.31 points to close at 5,012.84 down 0.50 percent. The Milanka Index of more liquid stocks fell sharply by 56.29 points to close at 4,636.53 down 1.20 percent. The S&P index of large cap stocks fell 18.96 points to close at 2,828.54 down 0.67 percent.

Friday’s turnover was a low 265.8 million rupees.

Notable contributors to turnover were John Keells Holdings with 73.9 million rupees, Distilleries with 25.7million rupees and Commercial Bank with 21.9million rupees.

Aitken Spence PLC fell 30 cents to close at 111.00 rupees down 0.27 percent.

John Keells Holdings PLC dropped 3.80 rupees to close at 195.20 down 1.91 percent. Dialog Axiata PLC slipped 10 cents to close at 6.10 rupees down 1.67 percent.

Hatton National Bank PLC slipped 30 cents to close at 141.00 rupees down 0.21 percent. Commercial Bank of Ceylon PLC dropped 50 cents to close at 80.20 rupees down 0.62 percent.

Distilleries dropped 90 cents to close at 119.60 rupees down 0.76 percent. Colombo Dockyard PLC slipped 1.50 rupees to close at 198.40 rupees down 0.75 percent.

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