Sri Lanka stocks close lower, MTD Walkers sharply down

ECONOMYNEXT – Sri Lanka’s stocks closed down 0.5 percent Wednesday with foreign selling in Aitken Spence and MTD Walkers a construction company, fell 14 percent, brokers said.

The Colombo All Share Index fell 32 points to close at 6,420.98 and the S&P SL20 index of more liquid stocks fell 30.6 points (0.85 percent) to close at 3,585.53.

The turnover was 1.67 billion rupees. Foreigners sold 1.42 billion rupees of stocks and bought 310 million rupees.

MTD Walkers, a construction company, faced speculative selling pressure with the stock plunging 14 percent to close at 15.90 rupees, brokers said.

The firm had reported a loss of 418 million rupees in the December quarter and 2.03 billion rupees in the nine months. March results are not yet out.

Index-heavy John Keells Holdings fell 3.40 rupees to 153.00 rupees. Aitken Spence fell 4.50 rupees to close at 51.00 rupees amid foreign selling.

Access Engineering fell 20 cents to 18.40 rupees, Central Finance closed down 2.0 rupee at 99.00 rupees, Ceylon Grain Elevators was down 1.60 at 66.00 rupees.

Asiri Hospital Holdings rose 80 cents to close at 25.80 rupees and Melstacorp rose 1.0 rupee to close at 57.00. (Colombo/May30/2018)

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