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Sri Lanka stock close marginally lower, rupee stronger

April 04, 2012 (LBO) - Sri Lankan shares closed slightly lower Wednesday with retail investors active and turnover boosted by several crossings and while the rupee gained ground against the dollar, brokers and dealers said. The rupee closed around 125.40/50 to the US dollar dealers said after opening 126.
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00/10 levels.

The main All Share Price Index fell 0.15 percent (8.34 points) to 5408.31, while the more liquid Milanka index fell 0.09 percent (4.62) to close at 4881.55.

Turnover was 1.13 billion rupees, according to stock exchange provisional figures.
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Swarnamahal Financial Services was actively traded and closed at 8.60 rupees, down 40 cents, having touched a high of 9.10 rupees.

Ceylon Tobacco Company closed at 597 rupees, up 11.70 rupees while Chevron Lubricants ended on 184 rupees, down 80 cents. Both counters reached 52 week highs in trade Wednesday.

Central Finance closed flat at 170 rupees, and was the largest contributor to the day’s turnover.

Crossings or off the floor transactions accounted for nearly 39 percent of turnover.

A total 13.7 million shares in Fortress Resorts changed hands at 18 rupees a piece. The share closed at 15.80 rupees, down 70 cents.

Hayleys recorded a crossing of 370,000 shares at 370 rupees each, while 275,000 shares of John Keells Holdings crossed at 208 rupees a share, closing flat at 209 rupees.

Commercial Bank ended the day on 99.
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50 rupees, down 10 cents while HNB closed at 152.50 rupees, up 2.30 rupees.

Telco Dialog closed at 7 rupees, with no change from its previous day’s close, and SLT at 44.70 rupees, down 10 cents.

Environmental Resources Investments closed at 15.80 rupees, down 60 cents, HVA Foods at 13.20 rupees, down 90 cents, Regnis Lanka at 124.90 rupees, down 2.90 rupees, and Softlogic Capital at 8 rupees, down 30 cents.

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