Sri Lanka stocks open flat, forex markets quiet

Dec 29, 2008 (LBO) – The Sri Lanka stocks opened flat Monday with trading in Seylan Bank shares halted pending an official announcement regarding a possible exit by the Ceylinco group, while the spot dollar was quoted at 112.95/113.15, dealers said. Money markets were liquid with call rates at 13.00/13.50 percent.

The Colombo All Share Index was marginally lower 0.04% at 1,505.48 points while the Milanka Index of liquid stocks was up 0.08 percent at 1,649.46 in first 45 minutes of trading with turnover of 5.6 million rupees.

Hatton National Bank was up 5.00 rupees 75.00 rupees, John Keells Holdings was down 2.00 rupees at 50.00, Nations Trust Bank was up 50 cents at 22.50 rupees. Ceylinco Seylan Developments were flat at 4.00 rupees, Ceylinco Insurance was down 2.00 rupees at 128.00.