Sri Lankan stocks down 0.67%

Chandi Dharmaratne

May 31, 2012 (LBO) – Sri Lankan share prices slipped back into the red on Thursday, despite a few foreign buyers bargain hunting on selected stocks, brokers said. The broader All Share Price Index fell 32.97 points or 0.67 percent to 4,832.15 while the liquid Milanka Price Index slipped 12.88 points or 0.29 percent to end at 4,315.09.

Thursday’s turnover was a modest 348.85 million rupees, with foreign buying worth 89.61 million rupees over foreign sales of 46.00 million rupees, according to figures published by the Colombo Stock Exchange.

Turnover was dominated by conglomerate John Keells Holdings PLC, which has investments in leisure, transport and food processing. JKH fell 40 cents to 184.10 rupees on 277,380.

Colombo Lanka PLC, which manages properties, fell 1.50 rupees to 30.00 rupees on 838,136.

Ascot, fell 60-cents to 200.000 rupees on trades of 120,000 shares.