June 09, 2011 (LBO) - Sri Lankan stocks rebounded slightly Thursday after three straight days of falls, and Panasian Power once again dominating market turnover, brokers said.
The main All Share Price Index closed at 7,279.62, up 0.30 percent (21.92 points) while the more liquid Milanka index rose 0.31 percent (21.26 points) to close at 6,800.32, according to stock exchange provisional figures.
Turnover was 4.0 billion rupees.
Panasian Power was the highest contributor to the day's turnover and closed at 7.50 rupees, down 20 cents with 211.8 million shares worth 1.69 billion rupees done.
Two Panasian Power crossings were reported during the day, one of 07 million shares at 08 rupees per share and the other of three million shares at 8.10 rupees.
E-Channeling, which Wednesday bought a 13.24 percent stake (13,672,100 shares) of Blue Diamonds Jewellery Worldwide, closed 80 cents higher at 5.60 rupees with over 52 million shares worth 290 million rupees traded.
Blue Diamonds Jewellery Worldwide closed flat at 5.90 rupees, with 49 million shares worth 390 million rupees changing hands.
Other crossings included 165,000 shares of Singer Sri Lanka at 122.50 rupees a share, a million Aitken Spence shares at 145 rupees each and 283,400 shares of Seylan Bank at 72 rupee a share, brokers said.
Distilleries Company of Sri Lanka closed at 185 rupees, up 5.30 or 2.95 percent.
Its profits rose to 5.0 billion rupees in the March quarter from breakeven levels a year earlier, helped by capital gains, with full year profits rising almost three fold to 8.1 billion rupees.
Amana Takaful closed at 2.40, up 30 cents or 14.29 percent with over 35 million shares traded.
A share offer by Softlogic group to raise four billion rupees was oversubscribed on the opening day Thursday and closed in the afternoon.
Softlogic Holdings offered 139 million ordinary shares at 29 rupees each to raise funds mainly to repay debt taken for investments and for increased working capital.
source - www.lbo.lk
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