Sri Lanka stocks slump one-pct

July 19, 2011 (LBO) - Sri Lanka share prices slumped Tuesday for the second day after last week's brief rally, with losses in index-heavy stocks and newly listed ones, brokers said.


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The main All Share Price Index closed at 6,675.
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70, down 1.02 percent (68.49 points) while the more liquid Milanka index fell 0.
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82 percent (51.12 points) to close at 6,198.20, according to stock exchange figures.


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Turnover was 1.68 billion rupees.

Commercial Bank was the biggest contributor to turnover with 751,200 shares changing hands including two crossings or off-market private deals each of 375,000 shares at 260 rupees a share.

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The stock closed at 257 rupees, up 90 cents.

Market heavyweight John Keells Holdings closed at 202 rupees, down 4.
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10, with 605,300 shares traded. There was a single crossing of 100,000 shares at 203 rupees each.

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Softlogic Holdings, a recent debutant, was also heavily traded with 5.37 million shares done. It closed at 26 rupees, down 40 cents, still below its IPO price of 29 rupees.

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Expolanka Holdings, another newly listed stock, closed at 15 rupees, down 30 cents with 5.58 million shares traded.

Vallibel One, also a recent debutant, saw heavy trading, with 2.35 million shares changing hands.

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It closed at 29.80 rupees, down 1.10.
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