Sri Lanka shares close down 0.21-pct

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

Mar 30, 2011 (LBO) - Sri Lankan shares closed lower Wednesday, with the benchmark index dipping below 7,200 points despite a late rally, and sustained interest in debutant Union Bank of Colombo which continued to weaken, brokers said.

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The All Share Price Index closed at 7,192.

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72, down 0.21 percent (15.14 points) while the more liquid Milanka index fell 0.

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08 percent (5.62 points) to close at 6,811.78, according to stock exchange provisional figures.

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Turnover fell to 1.18 billion rupees.

Union Bank of Colombo, which debuted Tuesday, was again the most actively traded stock, but continued to weaken, closing at 35.

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70 rupees, down 2.70, with 3.3 million shares traded.

The stock, which had an IPO of 15 million shares in February at 25 rupees each, had opened trading Tuesday at 45 rupees.

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Some trades were done at 40 rupees Wednesday.

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Central Finance was among the top gainers of the day, closing at 1,204 rupees, up 74.10.

Hatton National Bank non-voting shares closed at 209.

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20, down 40 cents, with three crossings of 500,000 shares all at 205 rupees each. Royal Ceramic Lanka was also actively traded, ending at 156.
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20, down 80 cents