Sri Lankan stocks close down 0.10-pct

Aug 20, 2010 (LBO) – Sri Lankan stocks closed down Friday as investors took profits from the weeks bull-run, while a large deal on Asian Alliance Insurance and high investor interest on John Keells Holdings (JKH) boosted turnover, brokers said. Commercial Bank closed at 191.00 rupees, down 60 cents (0.31 percent), Hatton National Bank closed at 298.00 rupees, down 1.00, Nations Trust Bank closed at 61.80 rupees, down 20 cents, Sampath Bank closed at 365.20 rupees, down 4.10 (1.11 percent) and Seylan Bank closed at 76.50 rupees, down 50 cents (0.65 percent), brokers said.

The All Share Price Index closed at 5,563.00, down 0.10 percent (5.50 points) Friday, while the Milanka index of more liquid stocks fell 0.23 percent (13.40 points) to close at 5,863.00, according to stock exchange provisional figures.

Turnover was 2.57 billion rupees.

In a private off-the-floor deal 6.0 million shares of Asian Alliance Insurance changed hands at 57 rupees per share. It closed at 62.40 rupees, up 2.40 (4.0 percent), brokers said.

Investors took profits from the week’s rally, brokers said.

Ceylon Cold Stores closed at 484.50 rupees, down 4.70 (0.96 percent), Ceylinco Insurance non-voting closed at 191.90 rupees, down 6.60 (3.32 percent), Ceylon Brewery closed at 275.00 rupees, down 9.00 (3.17 percent), and Ceylon Investment closed at 493.00 rupees, down 7.00 (1.40 percent).

Distilleries Company of Sri Lanka closed at 142.00 rupees, down 1.70 (1.18 percent).

Airken Spence closed at 2,701.60 rupees, up 239.00 (9.72 percent), Hayleys closed at 322.50 rupees, down 2.30 (0.71 percent), Hemas Holdings closed at 39.60 rupees, down 20 cents (0.50 percent) and JKH closed at 259.10 rupees, up 1.10 (0.43 percent) with 480,000 shares traded, brokers said.