Monday, April 30, 2012

Sri Lanka's stock prices fall ahead Tuesday's holiday

April 30, 2012 (LBO) – Sri Lanka's tiny stockmarket continued to fall on Monday, despite few large trades in Kegalle Plantations, Capital Alliance Finance and PC House, brokers said.

 The benchmark All Share Price Index fell 21.32 points or 0.39 percent to 5,419.20, while the more liquid Milanka Price Index lost 6.16 points or 0.12 percent to close at 4,851.24, according to figures published by the Colombo Stock Exchange.

 Monday's turnover ended at 631.2 million rupees, with conglomerate John Keells Holdings dominating trading.

John Keells, with investments in ports, leisure and finance, saw its share price fall 50-cents to 203.00 rupees on 589,870 shares.

PC House, that offers IT hardware and peripheral products, saw its share price edge 10-cents to 6.90 rupees on volumes of 17.1 million shares. The firm saw two large parcel of shares worth 13.3 million changed hands at a discount of 6.00 rupees each.

Capital Alliance Finance, a small finance company, saw its share prices slip 20-cents to 34.70 rupees on trades of 1.2 million shares.

Kegalle Plantation, which has exposure to tea and rubber estates, saw its share price fall 7.40 rupees to 110.00 rupees on volumes of 253,306 shares. During late afternoon trading, a parcel of 248,543 Kegalle shares changed hands at a premium of 110.00 rupees (up 7.40 rupees).

Brokers expect the market to remain subdued in this short trading week, with capital markets close for business on Tuesday, on account of May Day.

source -

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