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Sri Lankan shares slip further

June 09, 2008 (LBO) - Sri Lankan shares ended weaker Monday on thin trading as weak sentiment continued with investors worried about high inflation and interest rates and lower company earnings, brokers said.
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Price losers outnumbered gainers 76 to 39, Bartleet Mallory Stockbrokers said.

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The All Share Price Index lost 0.
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28 percent (6.94 points) to end at 2,492.68 while the more liquid Milanka lost 0.
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31 percent (9.37 points) to end at 2,995.88. Turnover was 182.5 million rupees.

Brokers said investors preferred to put their money in high-yielding money market instruments given the high interest rates.

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