Sri Lanka stocks close 0.02-pct higher, crossings dominate trade
Monday June 17, 2019 15:01
ECONOMYNEXT- Sri Lanka’s stocks closed 0.02 percent higher on Monday with crossings dominating activity, which reached a 3-month high, dealers said.
The All Share Price Index (ASPI) closed 1.21 points up at 5,384.93. The ASPI reached an intra-day high of 5,396.75 in the morning session, before tumbling in the afternoon.
The more liquid S&P SL20 Index closed 0.02 percent or 0.44 points down at 2,512.24.
Distilleries Company of Sri Lanka closed 30 cents up at 15.40 rupees a share, while John Keells Holdings closed 70 cents up at 139 rupees a share, pushing up the ASPI.
Market turnover was 2.2 billion rupees with 66 stocks gaining and 50 falling.
Foreign participation was low with 27.9 million rupees in net sales.
Turnover reached a 3-month high, outperforming the 2.1 billion rupees of February 28.
Most of the turnover was derived through crossings in 10 stocks with some of the larger deals in Printcare, Sanasa Development Bank and C. W. Mackie. (Colombo/Jun17/2019)