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Sri Lanka stocks close 0.74-pct on Friday

ECONOMYNEXT- Sri Lanka’s stocks fell 0.74 percent on Carson Cumberbatch PLC, Ceylon Tobacco Company and Lion Brewery Ceylon on Friday, provisional data showed.

From the reopening of the market the ASPI Index has gone up 4,392.43

Colombo’s All Share Price Index (ASPI) closed 39.43points down at 5,311.42 on Friday.

The ASPI has increased by 918.99 point since May 11 when the market reopened after lockdown while S&P SL 20 index has increased 638.28 points up to now.

The market which opened on a positive note fell to a low of 5,301.55 within the first hour in to trading, picking up afterwards and continuing a sideways trajectory, closing marginally higher.

S&P SL20 Index of most liquid stocks closed today 0.86 percent or 20.08 points down at 2,323.73.

Market turnover was 1.02 billion rupees, while 69 stocks gained and 83 fell.

The stock market recorded a total of 13.4 billion rupees of foreign purchase and 38.09 billion rupees of foreign selling from May 11, CSE reports show.

Total net foreign sales amounted to 24.5 billion rupees from May 11.

A 39 million rupee negotiated trade (crossing) was seen in Commercial Bank of Ceylon at 78.50 rupees a share and the stock closed at 78.60 rupees a share.

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Food, Beverage and tobacco industry was the most active industry in the equity market today.

Carson Cumberbatch PLC share traded 15.70 rupees down at 181.30 rupees a share contributing most to ASPI’s fall.

Ceylon Tobacco Company fell 9.70 rupees to 968.10 rupees a share while Lion Brewery Ceylonwas down 20.10 rupees to 599.60 rupees a share, also dragging down the ASPI. (Colombo/Sep 04/2020)