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Sri Lanka::
* Sri Lanka stock market continues to fall
Wednesday, September 3, 2008, 14:09 GMT, ColomboPage News Desk, Sri Lanka.

September 03, Colombo: Trading activity in the Colombo bourse ended on negative territory after having experienced positive momentum on the former part of the day. All Share Price Index (ASPI) was down by 6.63 points (0.28%) to close at 2393.71 while the liquid Milnaka Price Index (MPI) declined by a considerable 18.71 points (0.68%) to settle at 2750.58.

Turnover for the day touched Rs.182.91Mn. Conglomerate John Keells Holdings PLC (JKH) recorded a crossing with 150,000 shares having traded at Rs.99.50. The counter was also the top contributor to turnover with Rs.25.43Mn. This share saw the end of the day at Rs.99.00. Aitken Spence PLC (SPEN) also experienced another large scale deal with a trade of 25,000 shares at Rs.470.00. John Keells Hotels PLC (KHL) was the most heavily traded counter with 1.38Mn shares. The counter signed off at Rs.7.50. Next in line volume wise were Sierra Cables Ltd. (SIRA), Vanik Incorporation Ltd. (VANI) and Lanka IOC PLC (LIOC) with 1.23Mn, 1.15Mn and 0.74Mn shares respectively.

Other contributors to turnover included LIOC, Chemical Industries Colombo PLC (CIC) and SPEN with Rs.18.67Mn, Rs.13.36Mn and Rs.11.75 respectively. Price gainers outdid the price losers numbering 62 to 49. Foreign focus remained tilted towards the selling side. However, a thinner net outflow of Rs.1.61 was witnessed.

Sri Lankan Daily News and Reports


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