Sri Lanka Shares closed lower despite healthy turnover.

There was 2.15 billion rupee turnover at CSE today. However ASI slipped 17.21 to close at 3768.29 while MPI closed 11.89 points lower at 4327.45. Turnover boosted by over 13 million share transactions in The Light House Hotel Plc (LHL). LHL closed the day 19.50 lower at Rs 60.75.

Singer Industries (Ceylon) Plc lost 41 rupees to close at Rs 84.00 but only 100 shares traded during the day. Sunshine Holdings Plc was down by 35.00 to end the day at Rs 389.50.

There were 90 losers & only 46 gainers during the day.

Ceylon Tobacco Sri Lanka’s only cigarette producer gained eight rupees to close at Rs 8.00 while Ceylon Leather Products Plc also up by eight rupees to close at Rs 96.00. First Capital Holdings Plc (CFVF) closed at Rs 58.50, up two rupees.

Meanwhile Hayleys Plc has offered mandatory offer to acquire all remaining shares of Hotel Services (Ceylon) Plc in terms of Take-overs & Mergers code of 1995.

Foreign sales exceeded the purchases & net out flow was 262.22 million rupees.