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Sri Lankan shares close down

July 16, 2008 (LBO) - Sri Lankan shares closed one percent lower Wednesday on losses in telco stocks and the John Keells Holdings conglomerate as sentiment remained weak, brokers said.
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The All Share Price Index closed down 25.

08 points at 2,415.07 while the Milanka lost 1.85 percent (54.43 points) to close at 2,881.86. Turnover was 200 million rupees.
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Sri Lanka Telecom lost 3.91 percent (1.75 rupees) to end at 43 rupees with 53,500 shares done while Dialog Telekom slid 1.

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79 percent (25 cents) to 13.75 on 20,800 shares.

JKH lost two rupees to end at 105 with 584,300 shares changing hands while Hatton National Bank closed 4.

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75 rupees lower at 103 with 29,900 shares done.

Distilleries shed 2.50 rupees to end at 91.25

Lanka Cement accounted for the highest share volume with investors excited by news of a visit by India's Birla group which has expressed interest in taking over the firm's defunct plant in northern Jaffna.

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