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Ceylon Cold Stores drags down Sri Lanka stocks

ECONOMYNEXT- Sri Lanka’s stocks closed 0.23 percent lower on Thursday, being held down by Ceylon Cold Stores (CCS), provisional data showed.

The main All Share Price Index (ASPI) closed 13.82 points down at 6,045.27. The index, which reached an intra-day high of 6,065.52 in the first half hour of trade, fell to a low of 6,040.08 in early afternoon, before recovering.

The S&P SL20 Index of more liquid stocks closed 0.04 percent or 1.04 points up at 2,954.14.

Market turnover was 557.37 million rupees. Overall, 49 stocks gained and 68 fell.

CCS dragged the ASPI down, closing 52.70 rupees down at 770.10 rupees a share.

There were three crossings in index-heavy John Keells Holdings (JKH), the parent of CCS, at 165 rupees a share, contributing 231 million rupees to turnover.

The JKH stock closed 40 cents up at 164.70 rupees a share. (Colombo/Dec19/2019)

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