Sri Lanka stx at 1-mo low on profit taking, UN war-crime report

* Profit-taking ahead of IPOs, rising inflation weigh on market

* UN war crime report hits volume; investors stay on sidelines

* Rupee down on importer dlr buying

COLOMBO, April 25 (Reuters) - Sri Lanka's stock market fell 1.5 percent on Monday to a four-week low as retail investors cashed in stocks ahead of listing of at least two large initial public offerings, while an adverse U.N. war crimes report hit trading volume.

The island's main share index closed 111.34 points weaker at 7,345.48, its lowest since March 31. It hit a record closing high of 7,811.82 on Feb 14.

Analysts said up coming IPOs from conglomerate ExpoLanka and speculation that conglomerate Softlogic Holdings is planning a listing resulted in retail profit-taking as investors sold their shares to raise cash.

A report by a U.N.-appointed panel, which found "credible allegations" of war crimes in the final months of Sri Lanka's war discouraged buying, hitting volume and turnover, analysts said. [ID:nL3E7FL2YD][ID:nL3E7FL34B]

Turnover was 1.52 billion Sri Lanka rupees ($13.8 million), well below last year's average of 2.4 billion and less than this year's daily average of 3 billion.

Traded volume was 39.8 million against a five-day average of 62.3 million shares. The 30-day and 90-day average trading volumes were 54.1 million and 64.6 million, respectively. Last year's daily average volume was 67.9 million.

Foreign investors bought a net 72 million rupees' worth of shares for the first time in six sessions. They have sold a net 7.55 billion in 2011, and a record 26.4 billion in 2010.

The bourse is still Asia's best performer in 2011 with a 10.7 percent gain, after bringing in the region's top return of 96 percent last year.

The rupee closed weaker at 110.19/20 a dollar from Thursday's 110.05/10 on importer dollar demand, dealers said. Both markets were closed for a holiday on Friday. The central bank has forecast further appreciation this year. [ID:nL3E7FK12Y]

FACTORS TO WATCH:

- The extent of the rupee rise the central bank will allow

- If the central bank's monetary tightening signal prompts investors to shift funds to fixed assets from the bourse

- If Sri Lanka can achieve an 8.5 pct growth target amid rising global oil prices and inflation

- March quarter corporate results

DATA

Colombo Stock Exchange:

Stock Market Volume (Shares)

Current Volume Average Volume 90 Days

39,752,179 64,616,806

Yield and Price of Sri Lanka's sovereign bonds:

Maturing year Tenure amount Reuters yield

2012 5-yr $500 mln 3.426-3.055

2014 5-yr $500 mln 4.702-4.424

2020 10-yr $1,000 mln 6.2848-6.1433

* For Sri Lankan treasury securities benchmarks and data, please click and

* For interbank lending rate or call money rate or

* For secondary market rates, please see <0#LKBMK=>. ($1 = 110.195 Sri Lanka Rupees) (Reporting by Ranga Sirilal; Editing by Shihar Aneez and Bryson Hull)