Sri Lanka Stock Picks

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Tuesday, June 12, 2012

Sri Lanka shares dip 0.08 percent

June 12, 2012 (LBO) – Sri Lankan share prices slipped marginally, on thin volumes, as investors picked through selected stocks, brokers said.

The main All Share Price Index slipped 0.08 percent or 3.89 points to close at 4,807.55, while the liquid Milanka Price Index nudged up 0.11 percent or 4.87 points to end at 4,269.25, according to Colombo Stock Exchange figures.

Tuesday’s turnover was 242.42 million rupees, largely driven by investor interest in Central Finance Plc, brokers said.

Central Finance, however, fell 90 cents to close at 131.00 rupees on trades of 580,013 shares. Brokers said a block of 575.000 Central Finance was sold at 135.00 rupees a share.

Conglomerate John Keells Holdings PLC, with investments in transport, leisure and financial services, rose 70 cents to 180.50 rupees. The market heavyweight saw 166,740 shares change hands on Tuesday.

Commercial Bank of Ceylon PLC, one of the country’s most profitable commercial banks, saw buying interest in its non-voting stock. The share price closed flat at 74.90 rupees on trades of 196,067 shares.

source - www.lbo.lk