Aug 11, 2011 (LBO) - Sri Lankan stocks closed down 0.77 percent Thursday, with a margin related rally running out of steam, and extended speculative buying on property stocks, brokers said.
Colombo's benchmark All Share Price Index ended down 0.77 percent or 52.81 points at 6,767.09, while the Milanka Index of liquid stocks closed down 0.56 percent (34.24 points) at 6,108.96, according to stock exchange provisional figures.
Turnover was 2.5 billion rupees.
Seylan Developments, owns the headquarter of listed Seylan Bank on Colombo's Galle Road, closed at 17.10 rupees, up 90 cents or 9.7 percent, with 33.6 million shares worth 638.3 million rupees changing hands.
East West Properties closed at 38.00 rupees down 0.10 rupees with 5.8 million shares traded for 230.7 million rupees.
The stock peaked at 41.00 rupees in intra-day trading.
Lanka Hospitals, the top gainer closed at 55.90 rupees up 12 rupees or 27.33 percent.
Speculative Laxapana Batteries peaked at 14.90 rupees and closed at 13.60 rupees up 010 cents with more than 8 million shares traded.
John Keells Holdings closed at 197 rupees, up 1.00 rupees.
Off market negotiated deal included 255,500 John Keels Holdings at shares at 195.10 rupees.
source - www.lbo.lk
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