Wednesday, May 23, 2012

Sri Lankan stocks fall two percent

May 23, 2012 (LBO) – Sri Lanka’s tiny bourse extended its losses on Wednesday falling just over two-percent despite investor interest in selected blue chip counters, brokers said.

 The 280-stock tracker All Share Price Index fell 2.08 percent or 107.50 points to close at 5,048.11, while the 25-stock Milanka Price Index dipped1.88 percent or 88.00 points to end at 4,568.51,
according to Colombo Stock Exchange figures.

 Turnover was 817.95 million rupees, with foreign buying at 529.76 million rupees over sales of 398.49 million rupees, the exchange said.

Wednesday’s trading was dominated by conglomerate John Keells Holdings PLC, which fell 6.10 rupees to 196.50 rupees on 1.9 million shares.

A block of 657,912 JKH shares crossed the floor at 200.00 rupees during early trade.

 DFCC Bank gained 3.00 rupees to 120.90 rupees on trades of 1.2 million shares.

Two blocks of DFCC shares --of 780,000 and 220,000 -- crossed the floor at 120.00 rupees during mid-day trading.

Commercial Bank PLC was flat at 105.00 rupees on trades of 308,696 shares.

source -

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