June 22, 2012 (LBO) – Sri Lankan stocks dipped 0.05 percent on Friday, despite big ticket deals in John Keells Holdings, Commercial Bank, Seylan Bank and Central Finance, brokers said. Central Finance PLC, one of the countryâ€™s oldest finance companies, fell 80 cents to 135.00 rupees on trades of 592,959 shares. A large parcel of 575,000 Central Finance shares was sold at 135.00 rupees, minutes before trading closed.
Commercial Bank of Ceylon PLC, one of the islandâ€™s most profitable banks, fell 40 cents to 100.50 rupees on 323,946 shares. Brokers said a block of 299,405 Commercial Bank shares changed at 100.50 rupees. The broader All Share Price Index slipped 2.92 points to 5,039.15, while the liquid Milanka Price Index slipped 0.63 percent or 28.79 points to close at 4,478.51, according to Colombo Stock Exchange figures.
Fridayâ€™s turnover was 674.04 million rupees, of which foreign buying amounted to 304.53 million rupees over sales of 227.25 million rupees.
Seylan Bank PLC, dominated trading in terms of turnover on 2.6 million shares. The counter rose 3.50 rupees to close at 59.90 rupees. A parcel of 2.5 million Seylan shares changed hands at 60.00 rupees during the day.
JKH, with interest in leisure, food, transport and financial services, fell 2.10 rupees to 192.00 rupees on trades of 749,708 shares. A block of 471,088 JKH shares changed hands at 194.00 rupees.