Sri Lanka stocks close 0.58pct lower on CTC, JKH and Distilleries

ECONOMYNEXT- Sri Lanka stocks closed 0.58 percent or 33.45 points down on Monday, dragged down by index heavy CTC, JKH and Distilleries, provisional data showed.

Colombo’s All Share Price Index gained an intra-day’s high of 5,775.38 within the first hour of trading before continuing to fall within the day, coming to a close at 5,738.24.

S and P SL20 Index of more liquid stocks gained 0.01 percent or 0.24 points to 2,764.25.

The market turnover was 770 million rupees with 46 stocks gaining and 77 falling.

A crossing (negotiated trade) in John Keells Holdings stocks worth of 83.8 million rupees and two crossings each in Aitken Spence (49 million rupees) and Sampath Bank (51.9 million rupees) dominated the market.

Ceylon Tobacco Company closed 39.20 rupees down at 1,109.20 rupees a share contributing most to the fall of the ASPI.

John Keells Holdings closed 1.60 rupees down at 153.80 rupees a share.

Distilleries Company of Sri Lanka closed 40 cents down at 16.00 rupees a share, also pushing the ASPI down.

(Colombo/Sep30/2019)

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