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Sri Lankan share prices sink again

July 03, 2008 (LBO) - Sri Lankan shares sank again Thursday with large trades in John Keells Holdings boosting turnover, brokers said.
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The All Share Price Index fell 0.55 percent (13.29 points) to end at 2,420.06 while the more liquid Milanka was down 1.
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11 percent (32.59 points) to 2,913.77. Turnover was 530 million rupees.
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"Foreigners were heavier on the selling side bringing a net outflow of 288.91 million rupees," Bartleet Mallory Stockbrokers said.

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John Keells Holdings ended 75 cents weaker at 108.

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25 rupees with just over two million shares traded.

Bartleet Mallory Stockbrokers said the day saw four crossings on JKH at a flat price of 110 rupees, making the largest contribution to turnover.

Nestle came second in turnover with two parcels amounting to 193,000 shares changing hands at 350 rupees a share.

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Vidulanka, with almost 2.3 million shares traded, was on top in terms of volume.

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The share ended down 75 cents at 23.
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25 rupees.

Dialog Telekom ended down 25 cents at 13.75 rupees and Sri Lanka Telecom down one rupee at 43.

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50 rupees with 40,600 shares traded.
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Distilleries was down 2.75 rupees to 95.25 rupees with 461,700 shares traded while National Development Bank fell four rupees to 145 rupees.

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