Colombo stocks ease on high turnover
Colombo stocks eased at the close on Wednesday on mixed demand with both indices down but on high turnover, brokers said.
Among big trades, John Keells Holdings recovered to close Rs 1.75 lower at Rs 65.25 per share for a total of 265,000 shares. At one point during the day, the stock fell to Rs 63. Dialog traded 6.2 million shares at an unchanged Rs 8, Cargills fell by Rs 1.25 to Rs 25 for a stock of 568,500 shares while LB Finance saw 2.6 million shares through 67 parcels trading 50 cents higher at Rs 19.50.
The All Share Index fell 24.36 points to 1,899.36 while the Milanka dropped 29.43 points to 2,126.67. Turnover was reasonably good at Rs 344.5 million. There were 32 shares that gained in price while 88 stocks fell, brokers said