John Keells Holdings drags down Sri Lanka stocks

ECONOMYNEXT- Sri Lanka’s stocks closed 0.71 percent lower on John Keells Holdings (JKH) on Tuesday, continuing a six-day retreat, provisional data showed.

The main All Share Price Index (ASPI) closed 43.43 points down at 6,060.20.

The more liquid stocks in the S&P SL20 Index closed 0.91 or 27.10 points down at 2,947.37.

Market turnover was 573.44 million rupees with 33 stock prices gaining and 90 falling.

JKH closed 4.30 rupees down at 160.40 rupees a share, contributing most to the fall of the ASPI.

Distilleries Company fell 40 cents to 18.40 rupees a share while LOLC fell 3.80 rupees to 114.00 rupees a share, also contributing to the fall of the ASPI.

There were two negotiated trades (crossings) in JKH at 160 rupees a share, which generated 289.2 million rupees in turnover.
(Colombo/ Dec 10/ 2019)

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