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Sri Lanka shares close down 0.42-pct

Mar 28, 2011 (LBO) - Sri Lankan shares closed down Monday with continuing interest seen in a cable firm and several private deals in an asset-rich pharmaceutical retailer, brokers said.
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The All Share Price Index closed at 7,210.
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09, down 0.42 percent (30.18 points) while the more liquid Milanka index was barely changed at 6,838.41, according to stock exchange provisional figures.
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Turnover was 1.6 billion rupees.

There were nine deals of Colombo Pharmacy Company shares of 6,000 shares each amounting to 54,000 shares, all at 3,500 rupees a share, adding 189 million rupees to the day's turnover.



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Colombo Pharmacy Company closed at 3,489.90 rupees, down 31.10 rupees with 84,600 shares traded altogether.

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Environmental Resources Investments and fund manager Nimal Perera bought control of Colombo Pharmacy Company in September 2010.

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Colombo Pharmacy has real estate holdings in key business areas in Union Place and Bambalapitiya in Colombo.

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Sierra Cables was the most actively traded stock, as it had been on Friday, with the share closing at 5.50 rupees, down 40 cents with over 9.


2 million shares traded.

Guardian Capital Partners was also actively traded, closing at 266.

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80 rupees, down 27.40 with 207,400 shares done

A stock exchange filing said Royal Ceramics Lanka, controlled by Dhammika Perera, bought 1,386,500 shares of LB Finance, which he also controls, at an average price of 188.89 rupees a share.

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