Sri Lanka stocks close lower with selling in banks

ECONOMYNEXT – Sri Lanka stocks closed 0.03 percent lower on Wednesday with selling interest in banking and finance firms, provisional data showed.

Colombo’s All Share Price Index (ASPI) closed 1.63 points down at 5,820.84.

The index fell to an intra-day low of 5,809.67 in the morning before rising to a daily high of 5,827.36 in the afternoon, and then shed value towards the end of trading.

The S&P SL20 Index of more liquid stocks closed 0.29 percent or 8.06 points down at 2,807.24.

Market turnover was 427.5 million rupees with 61 stocks gaining and 54 declining.

Hatton National Bank closed 4.10 rupees down at 153.00 rupees a share, Browns Investment fell 30 cents to 4.80 rupees a share and Brown and Company fell 3.00 rupees to 72.00 rupees a share, contributing to ASPI’s fall.

LOLC Holdings closed 1 rupee down at 127 rupees a share and DFCC Bank closed 1.40 rupees down at 89.80 rupees a share, also pulling the ASPI down.

The banking and finance sector index closed 0.21 percent down on Wednesday.
(Colombo, 11 September, 2019)

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