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Message: <blockquote data-quote="sherlock" data-source="post: 11068466" data-attributes="member: 106046">Colombo Stocks closed red after few days of marginal gains.   Colombo main stock index ASI was down by 61.85 points to close at 6721.54 while more liquid Milanka index fell 49.02 points to end the day at 5982.95. Days turnover amounted to 1.96 billion rupees. Capital Alliance Finance Ltd the newly listed company by the way of introduction was closed at Rs 39.90 and more than 13.5 million shares changed hands. All most all Asian Market Indices were ended red today except NZSE 50 and Taiwan Weighted.Hatton National Bank lost 5.90 to close at Rs 196.00 while Commercial Bank was down by 2.20 to close at Rs 112.80. Another index heavy company Sri Lanka Telecom (SLTL) lost 80 cents to close at Rs 48.20. Alliance Finance company was up by 49.80 to close at Rs 1249.70 while Hayleys Plc closed at Rs 370.00, up five rupees. 155 stocks reported price declines and only 47 stocks reported gains. Net foreign selling of Rs 68,548,856.00 witnessed for the day. The CSE has approved in-principle an Application for listing the ordinary voting shares of the People's Leasing Company Ltd for a Main Board listing.   People's Leasing Company will issue 390,000,040 Ordinary Voting Shares at a price of LKR 18.00 per share.  People's Leasing IPO will open on 3rd November 2011 and Prospectus and Application forms will be available from 10th October.</blockquote>

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