Sri Lankan stocks close down 0.41-pct

Nov 19, 2009 (LBO) – Sri Lankan shares closed down Wednesday as retail investors were seen unloading mid capped stocks due to selling pressure, brokers said. The All Share Price Index closed at 2,970.90, down 0.41 percent (12.35 points), while the Milanka Price Index of more liquid stocks closed at 3,376.44, down 0.12 percent (4.04 points).

Turnover was 844.4 million rupees.

Over 1.5 million Commercial Bank shares changed hands between 176.00 to 177.00 rupees, brokers said. It closed at 177.00 rupees, up 1.00.

Hatton National Bank closed at 91.00 rupees, up 25 cents, and National Development Bank closed at 179.25 rupees, up 50 cents.

Conglomerate John Keells Holdings closed at 144.25 rupees, up 50 cents, and diversified Hayleys closed at 156.50 rupees, down 5.00.

Distilleries Company of Sri Lanka, closed at 92.50 rupees, up 75 cents. Sri Lanka’s largest celco Dialog Telekom, a unit of Telekom Malaysia closed flat at 7.25 rupees, and fixed line heavy weight Sri Lanka Telecom closed 42.50 rupees, down 50 cents.

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