Sri Lanka stocks close flat; Access block trade drives turnover

ECONOMYNEXT – Sri Lanka stocks closed 0.01 percent lower on Friday with a block trade in Access Engineering bringing over 80 percent of the turnover, brokers said.

Colombo’s All Share index closed 0.27 points lower at 5,372.10 and the S&P SL20 index of more liquid stocks was up 0.05 percent or 1.27 points up at 2,495.15.

The market was generally dull today, coupled with weak retail activity, brokers said.

The market turnover 497 million rupees with 36 stocks gaining and 59 stocks declining.

A crossing of Access Engineering accounted for more than 83 percent of today’s turnover. 

Melstacorp, which was the most active, fell 90 cents to close at 40.10 rupees a share, contributing most to the benchmark index fall.

Commercial bank of Ceylon closed 40 cents down at 83.30 rupees a share and LOLC Finance fell 20 cents to 3.80 rupees a share, also pushing the ASPI down.
(COLOMBO, 21 June, 2019)

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