Sri Lanka stocks close 0.22-pct lower

ECONOMYNEXT – Sri Lanka stocks closed 0.22 percent lower on Tuesday withthe market dominated by four crossings.

Colombo’s All Share Price index (ASPI) closed 12.04 points lower at 5,342.49.

The S&P SL20 index of more liquid stocks was 0.23 percent or 5.83 points down at 2,483.79.

The market turnover was 1.6 billion rupees with 36 stocks gaining and 62 stocks declining.

Two crossings each of Harischandra Mills (755 million rupees) and Swadeshi Industrial Works (525 million rupees) accounted for more than 80 percent of the market turnover today.

Two other crossings of Asiri Hospitals totaled up to 42 million rupees.

The market was dull today with very low retail activities, brokers said.

Story continues below
Advertisement
Story continues below
Advertisement

John Keells Holdings fell 1.30 rupees to close at 138.50 rupees a share, contributing most to the ASPI’s fall.

Central Finance Company closed 4.70 rupees down at 83.00 rupees a share and Commercial Bank of Ceylon fell 60 cents to 91.40 rupees a share, also pushing the ASPI down.
(COLOMBO, 25 June, 2019)