Sri Lanka Stock Picks

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Tuesday, June 21, 2011

Sri Lanka stocks end down 0.6-pct

June 21, 2011 (LBO) - Sri Lanka stocks closed 0.63 percent lower Tuesday with continuous forced selling due to credit restrictions on users, brokers said.

The All Share Price Index closed at 6996.64, down 0.63 percent (44.04 points) while the Milanka Price Index of more liquid stocks closed at 6571.34, down 0.48 percent (31.86 points), according to stock exchange provisional figures.

Turnover was 1.6 billion rupees. There were 83 gainers and 140 losers.

East West Properties was the highest contributor of the day to turnover and it closed at 15.10 rupees, up 2.10 rupee or 16.15 percent.

More than 11 million PC House shares were traded generating 171 million rupees. Panasian Power saw 27 million shares changing hands and it closed at 5.40 rupees up 10 cents or 1.89 percent.

Brokers said there was a crossing of 25,200 shares of Dimo at 1490 rupees each.