Sri Lanka stocks close 0.20pct low on CTC

ECONOMYNEXT – Sri Lanka stocks closed 0.20 percent lower on Tuesday, dragged down by Ceylon Tobacco Company and generated 219 million rupees in turnover, provisional data showed.

The All Share Price Index (ASPI) came to a close in red after spiking just after the market open reaching an intra-day high of 5,994.66 in the first half-hour into trading. The index then tumbled towards mid-day hitting an all day low of 5,965.70 before maintaining a marginal growth trajectory coming to an ending on a negative note.

The ASPI closed 12.04 points down at 5,968.63 and the S&P SL20 Index of most liquid stocks closed 0.66 percent or 18.61 points high at 2,835.59.

The market generated 218 million rupees in revenue with less retail activity, brokers said.

There were no crossings (negotiated trades) witnessed in today’s trading.

A volume of 16,363,210 shares were transacted in total for the day.
Meanwhile 49 stocks gained and 77 fell.

Ceylon Tobacco Company stocks closed 20.10 rupees or 1.83 percent down at 1,079.90 rupees a share contributing most to the ASPI’s fall.

Asian Hotels & Properties Plc closed 2.50 rupees or 6.25 percent lower at 37.50 rupees a share.

Browns Investment Plc stocks fell 20 cents or 3.51 percent to close at 5.50 rupees a share also contributing to the ASPI’s decline.

(Colombo/Jan14/2020)