Sri Lankan shares closed down Tuesday as retail profit taking pushed the indices down, while high volume trading on John Keells Holdings (JKH) and bank stocks boosted market turnover, brokers said.
The All Share Price Index closed down 0.13 percent (4.08 points) to end at 3,135.13, while the Mila
nka Index of more liquid stocks gained 0.05 percent (1.61 points) to close at 3,556.01, according to provisional stock exchange data.Turnover was 1.16 billion rupees.
"Today's turnover levels were dominated by JKH, while the banking rally continued with Commercial Bank, Hatton and Pan Asia Banking Corporation (PABC) taking the lead," Nikita Tissera of SC Securities said.
"We expect the banking sector to post better results in the third quarter."
Conglomerate JKH closed flat at 154.00 rupees on 1.36 million shares traded, and Distilleries Company of Sri Lanka closed at 108.75 rupees, down 50 cents.
DFCC Bank closed at 161.50 rupees, up 3.50, while Commercial Bank of Ceylon closed at 192.00 rupees, up 2.00.
National Development Bank closed at 200.00 rupees, up 1.25 and Hatton National Bank (HNB) closed at 172.00 rupees, down 75 cents.
Sampath Bank closed at 193.75 rupees, up 2.50, and PABC closed at 22 rupees, down 75 rupees.
Dialog Telekom, a unit of Telekom Malaysia closed flat at 7.50 rupees, and fixed line operator Sri Lankan Telecom closed at 45.75 rupees, down 25 cents.
Colombo Dockyard closed at 177.25 rupees, up 2.00.
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