Sri Lanka stocks close lower, crossings dominate trade

ECONOMYNEXT – Sri Lanka stocks closed 0.06 percent lower on Wednesday, with crossings (negotiated trades) dominating activity, provisional data showed.

Colombo’s All Share Price Index (ASPI) closed 3.56 points down at 5,807.51.

The index reached an intra-day high of 5,816.26 in the morning before reaching a daily low of 5,802.23 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.07 percent or 2.01 points down at 2,784.59.

Market turnover was 709 million rupees with 48 stocks gaining and 52 declining.

Distilleries Company of Sri Lanka closed 30 cents down at 16.00 rupees a share, contributing most to the fall of the ASPI.

Dialog Axiata fell 10 cents to 10.50 rupees a share and C T Holdings fell 2.90 rupees to 170.00 rupees a share, also pushing the ASPI down.

There were 321 million rupees in negotiated trades (crossings) in index-heavy John Keells Holdings at 150 rupees a share, and the stock closed flat at 151 rupees a share.

There were 121 million rupees in negotiated trades in Sampath Bank, which closed trading 40 cents down at 154 rupees a share.

(Colombo, 18 September, 2019)

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