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Sri Lanka stocks crash through circuit breaker to fall 10-pct at open

ECONOMYNEXT – Sri Lanka’s stocks crashed through a 5 percent circuit breaker as the market opened after a 7 week closure, with a sensitive index falling 10.1 percent before trading was halted.

The market is expected to fall 5 percent before the first 30 minute trading halt is supposed to take effect.

But many stocks opened sharply down.

The S & P SL20 index of liquid stocks dropped 10.1 percent to 1,750 points before trading was halted.

The Colombo All Share Price Index was down 4.1 percent to 4,384 with many stocks still to trade.

Turnover was 24 million rupees with 4.1 million rupee being traded.

Among steepest falls were seen in hotels. Aitken Spence hotels fell 20 percent to 12 rupees, Browns Beach fell 21 percent to 6 rupees,

CW Mackie fell 22 percent to 30.20 rupees, Ceylon Grain Elevators fell 10.4 percent to 36 rupees.

Cargills (Ceylon) Plc which is in retail fell only 2.7 percent to 150.10 rupees, Dialog Axiata fell 2.5 percent to 8.3 percent and Hemas was up 4.9 percent to 59 rupees.

Ceylon Tobacco was down 5 percent to 950 rupees, Commerical Bank was down 8.4 percent to 55 rupees, DFCC was down 9.24 percent to 55 rypees, HNB was down 9.2 percent to 95 rupees and John Keells Holdings was donw 6.8 percent to 107.50 rupees according to stock exchange provsional data.

Analysts had a expected a fall of the index on a Coronavirus lockdown and underlying monetary and fiscal weaknesses.

Read: Sri Lanka stocks hurt by Coronavirus, underlying economic issues

Company Name Share Volume Previous Close (Rs.) **Last Traded Price (Rs.) Change (Rs.) Change  (%)
ABANS ELECTRICALS PLC 4,510 60.3 58 -2.3 -3.81
ABANS FINANCE PLC 10 15.9 15.1 -0.8 -5.03
ACCESS ENGINEERING PLC 42,765 13.2 12 -1.2 -9.09
ACL CABLES PLC 3,457 31.1 23.4 -7.7 -24.76
ACL PLASTICS PLC 139 115.2 100 -15.2 -13.19
ACME PRINTING & PACKAGING PLC 3,601 2.7 2.5 -0.2 -7.41
AITKEN SPENCE HOTEL HOLDINGS PLC 5,350 15.1 12 -3.1 -20.53
AITKEN SPENCE PLC 1,407 30.7 28 -2.7 -8.79
ALLIANCE FINANCE COMPANY PLC 4,000 34.4 30 -4.4 -12.79
ALUMEX PLC 0 7.2 7 -0.2 -2.78
AMANA BANK PLC 0 1.9 1.8 -0.1 -5.26
AMANA TAKAFUL PLC 17,400 4.4 3.9 -0.5 -11.36
AMAYA LEISURE PLC 100 25 20 -5 -20
AMBEON CAPITAL PLC 3,100 3 2.9 -0.1 -3.33
AMBEON HOLDINGS PLC 24,998 8.1 7.9 -0.2 -2.47
ANILANA HOTELS AND PROPERTIES PLC 0 0.7 0.7 0 0
ARPICO INSURANCE PLC 0 16.7 15 -1.7 -10.18
ASIA ASSET FINANCE PLC 2,000 5.5 5 -0.5 -9.09
ASIA CAPITAL PLC 1,100 4.4 4 -0.4 -9.09
ASIA SIYAKA COMMODITIES PLC 0 1.8 1.6 -0.2 -11.11
ASIAN HOTELS & PROPERTIES PLC 404 29 25.5 -3.5 -12.07
ASIRI SURGICAL HOSPITAL PLC 3,100 9 9.4 0.4 4.44
ASIRI HOSPITAL HOLDINGS PLC 6,442 17 15 -2 -11.76
B P P L HOLDINGS PLC 0 7.6 6.8 -0.8 -10.53
BAIRAHA FARMS PLC 50 78.7 80 1.3 1.65
BERUWALA RESORTS PLC 0 0.6 0.6 0 0
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC 1,000 0.2 0.3 0.1 50
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC 100,000 0.5 0.4 -0.1 -20
BROWN & COMPANY PLC 3,590 42 35 -7 -16.67
BROWNS BEACH HOTELS PLC 1,000 7.6 6 -1.6 -21.05
BROWNS INVESTMENTS PLC 532,000 1.9 1.8 -0.1 -5.26
C. W. MACKIE PLC 755 38.8 30.2 -8.6 -22.16
CARGILLS (CEYLON) PLC 4 170 165 -5 -2.94
CARGO BOAT DEVELOPMENT COMPANY PLC 120 40 36 -4 -10
CARSON CUMBERBATCH PLC 8 155 150.8 -4.2 -2.71
CENTRAL FINANCE COMPANY PLC 2 81 80 -1 -1.23
CENTRAL INDUSTRIES PLC 51 32.8 32.8 0 0
CEYLINCO INSURANCE PLC 2 790 780 -10 -1.27
CEYLON COLD STORES PLC 53 655 620 -35 -5.34
CEYLON GRAIN ELEVATORS PLC 1,582 40.2 36 -4.2 -10.45
CEYLON GUARDIAN INVESTMENT TRUST PLC 25 71.8 65 -6.8 -9.47
CEYLON INVESTMENT PLC 1,762 29.1 28 -1.1 -3.78
CEYLON TOBACCO COMPANY PLC 28 1,000.00 950 -50 -5
CHEMANEX PLC 302 40 38 -2 -5
CHEVRON LUBRICANTS LANKA PLC 11,710 53.5 49.9 -3.6 -6.73
CIC HOLDINGS PLC 1 35 36 1 2.86
CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 25 44.8 43 -1.8 -4.02
CITIZENS DEVELOPMENT BUSINESS FINANCE PLC 288 72.1 70 -2.1 -2.91
CITRUS LEISURE PLC 1 5.8 5.8 0 0
COLOMBO DOCKYARD PLC 1,000 36.5 30 -6.5 -17.81
COLOMBO FORT INVESTMENTS PLC 200 55 45.3 -9.7 -17.64
COLOMBO LAND & DEVELOPMENT COMPANY PLC 8,002 13.7 13 -0.7 -5.11
COMMERCIAL BANK OF CEYLON PLC 19,637 60.1 55 -5.1 -8.49
COMMERCIAL BANK OF CEYLON PLC 5,170 58.5 55 -3.5 -5.98
COMMERCIAL CREDIT AND FINANCE PLC 800 18.3 15 -3.3 -18.03
COMMERCIAL DEVELOPMENT COMPANY PLC 150 66.2 65 -1.2 -1.81
COMMERCIAL LEASING & FINANCE PLC 0 1.8 1.7 -0.1 -5.56
CONVENIENCE FOODS (LANKA )PLC 105 337.4 300 -37.4 -11.08
DANKOTUWA PORCELAIN PLC 1,010 4.5 4.6 0.1 2.22
DFCC BANK PLC 1,273 60.6 55 -5.6 -9.24
DIALOG AXIATA PLC 128,888 8.5 8.3 -0.2 -2.35
DIESEL & MOTOR ENGINEERING PLC 80 250 195 -55 -22
DIPPED PRODUCTS PLC 200 57 57 0 0
DISTILLERIES COMPANY OF SRI LANKA PLC 14,531 13 12 -1 -7.69
DOLPHIN HOTELS PLC 550 18.3 13.8 -4.5 -24.59
EAST WEST PROPERTIES PLC 30,000 5.8 5 -0.8 -13.79
ELPITIYA PLANTATIONS PLC 1,050 13 12.5 -0.5 -3.85
EXPOLANKA HOLDINGS PLC 83,258 2 2 0 0
FIRST CAPITAL HOLDINGS PLC 3,710 22.8 22.1 -0.7 -3.07
GALADARI HOTELS (LANKA) PLC 4,054 6.1 4.6 -1.5 -24.59
HATTON NATIONAL BANK PLC 1,153 100.3 91 -9.3 -9.27
HATTON NATIONAL BANK PLC 3,748 105.1 95 -10.1 -9.61
HATTON PLANTATIONS PLC 0 4.2 4.1 -0.1 -2.38
HAYLEYS FABRIC PLC 32,044 8.7 8.3 -0.4 -4.6
HAYLEYS FIBRE PLC 400 87.1 85 -2.1 -2.41
HAYLEYS PLC 470 123.6 120 -3.6 -2.91
HEMAS HOLDINGS PLC 500 56.2 59 2.8 4.98
HIKKADUWA BEACH RESORT PLC 0 3.2 2.8 -0.4 -12.5
HNB ASSURANCE PLC 5 121 115 -6 -4.96
HORANA PLANTATIONS PLC 1,000 17 15 -2 -11.76
HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA 1,612 20.1 18 -2.1 -10.45
HVA FOODS PLC 5,000 1.9 1.8 -0.1 -5.26
INDUSTRIAL ASPHALTS (CEYLON) PLC 729 292.5 300 7.5 2.56
JANASHAKTHI INSURANCE PLC 1,837 22.7 20.1 -2.6 -11.45
JETWING SYMPHONY PLC 0 8.5 8.2 -0.3 -3.53
JOHN KEELLS HOLDINGS PLC 6,006 115.4 107.5 -7.9 -6.85
JOHN KEELLS HOTELS PLC 3,096 6.7 6 -0.7 -10.45
KELANI CABLES PLC 211 52 50 -2 -3.85
KELANI TYRES PLC 5 33.1 32 -1.1 -3.32
KOTAGALA PLANTATIONS PLC 600 5 4.9 -0.1 -2
L B FINANCE PLC 29 120.5 115.7 -4.8 -3.98
LANKA IOC PLC 26,504 15.8 15.1 -0.7 -4.43
LANKA TILES PLC 100 50.1 50.1 0 0
LANKA WALLTILES PLC 520 41.1 40 -1.1 -2.68
LANKEM DEVELOPMENTS PLC 16,000 1.5 1.5 0 0
LAUGFS GAS PLC 6,175 9.1 9 -0.1 -1.1
LAUGFS GAS PLC 6,250 6.4 6.5 0.1 1.56
LAUGFS POWER PLC 0 1.6 1.6 0 0
LION BREWERY CEYLON PLC 1 520 470 -50 -9.62
LOLC FINANCE PLC 20,000 2.2 2.2 0 0
LOLC HOLDINGS PLC 14,066 90.8 90 -0.8 -0.88
LVL ENERGY FUND PLC 0 4.2 4.5 0.3 7.14
MACKWOODS ENERGY PLC 865 1.2 1.1 -0.1 -8.33
MADULSIMA PLANTATIONS PLC 3,150 4.5 4 -0.5 -11.11
MALWATTE VALLEY PLANTATIONS PLC 510 2.2 2 -0.2 -9.09
MARAWILA RESORTS PLC 48,500 1.1 0.9 -0.2 -18.18
MELSTACORP PLC 0 23.6 21.1 -2.5 -10.59
MERCHANT BANK OF SRI LANKA & FINANCE PLC 5,650 5.6 5.6 0 0
MILLENNIUM HOUSING DEVELOPERS PLC 0 4.9 5 0.1 2.04
MULLER AND PHIPPS (CEYLON) PLC 122,500 0.6 0.5 -0.1 -16.67
NATION LANKA FINANCE PLC 98,019 0.7 0.6 -0.1 -14.29
NATIONAL DEVELOPMENT BANK PLC 1,203 66.2 60 -6.2 -9.37
NAWALOKA HOSPITALS PLC 6,150 2.9 2.7 -0.2 -6.9
ODEL PLC 200 19 14.5 -4.5 -23.68
ORIENT FINANCE PLC 0 6.1 6.1 0 0
OVERSEAS REALTY (CEYLON) PLC 13,734 12 11 -1 -8.33
PAN ASIA BANKING CORPORATION PLC 32,440 8.1 6.1 -2 -24.69
PANASIAN POWER PLC 20,850 2.5 2.5 0 0
PEOPLE’S INSURANCE PLC 0 17.1 17 -0.1 -0.58
PEOPLE’S LEASING & FINANCE PLC 6,230 12.2 10 -2.2 -18.03
PEOPLE`S MERCHANT FINANCE PLC 600 8.7 7 -1.7 -19.54
PIRAMAL GLASS CEYLON PLC 5,417 3.3 3.1 -0.2 -6.06
RAIGAM WAYAMBA SALTERNS PLC 14,000 1.8 1.6 -0.2 -11.11
REGNIS(LANKA) PLC 819 59.8 50 -9.8 -16.39
RENUKA AGRI FOODS PLC 17,600 1.9 1.7 -0.2 -10.53
RENUKA CAPITAL PLC 14,850 1.7 1.5 -0.2 -11.76
RENUKA FOODS PLC 90 8.2 8 -0.2 -2.44
RENUKA HOLDINGS PLC 600 13.5 11 -2.5 -18.52
RENUKA HOLDINGS PLC 900 9.7 7.3 -2.4 -24.74
RICHARD PIERIS AND COMPANY PLC 4,750 7.8 7.8 0 0
RICHARD PIERIS EXPORTS PLC 210 190.8 185 -5.8 -3.04
ROYAL CERAMICS LANKA PLC 13,041 55.9 52.5 -3.4 -6.08
ROYAL PALMS BEACH HOTELS PLC 195 12.7 12.2 -0.5 -3.94
SAMPATH BANK PLC 44,163 119 100 -19 -15.97
SANASA DEVELOPMENT BANK PLC 1,190 47 45 -2 -4.26
SEYLAN BANK PLC 10,258 33.5 25.5 -8 -23.88
SEYLAN BANK PLC 15,930 22.1 20 -2.1 -9.5
SEYLAN DEVELOPMENTS PLC 50,000 9.6 8.5 -1.1 -11.46
SIERRA CABLES PLC 60,065 2.1 1.9 -0.2 -9.52
SIGIRIYA VILLAGE HOTELS PLC 1,660 26.3 20 -6.3 -23.95
SINGER (SRI LANKA) PLC 3,694 20.2 20 -0.2 -0.99
SINGER FINANCE (LANKA) PLC 12,000 8.6 7.8 -0.8 -9.3
SMB LEASING PLC 120,000 0.3 0.3 0 0
SMB LEASING PLC 1,965,712 0.2 0.2 0 0
SOFTLOGIC CAPITAL PLC 4,413 4 3 -1 -25
SOFTLOGIC FINANCE PLC 265 11.5 11.4 -0.1 -0.87
SOFTLOGIC HOLDINGS PLC 3,603 12.3 10 -2.3 -18.7
SOFTLOGIC LIFE INSURANCE PLC 930 24.7 20 -4.7 -19.03
SRI LANKA TELECOM PLC 2,891 22 22 0 0
SWISSTEK (CEYLON) PLC 798 27 25 -2 -7.41
TAL LANKA HOTELS PLC 250 7.7 8.7 1 12.99
TALAWAKELLE TEA ESTATES PLC 100 39.9 39.5 -0.4 -1
TANGERINE BEACH HOTELS PLC 200 35.1 27.5 -7.6 -21.65
TEA SMALLHOLDER FACTORIES PLC 90 19.1 19.4 0.3 1.57
TEEJAY LANKA PLC 27,058 23.3 21.5 -1.8 -7.73
TESS AGRO PLC 78,000 0.3 0.3 0 0
TESS AGRO PLC 0 0.3 0.3 0 0
THE COLOMBO FORT LAND & BUILDING PLC 4,000 7.5 7 -0.5 -6.67
THE KANDY HOTELS COMPANY (1938) PLC 1,000 4.3 4.1 -0.2 -4.65
THE KINGSBURY PLC 800 8.7 7.5 -1.2 -13.79
THE LANKA HOSPITALS CORPORATION PLC 420 27.5 28.2 0.7 2.55
THE LIGHTHOUSE HOTEL PLC 849 24 18 -6 -25
THREE ACRE FARMS PLC 1,162 80 70 -10 -12.5
TOKYO CEMENT COMPANY (LANKA) PLC 15,000 20 18.8 -1.2 -6
TOKYO CEMENT COMPANY (LANKA) PLC 14,700 22.5 20 -2.5 -11.11
UNION BANK OF COLOMBO PLC 2,973 8.1 6.5 -1.6 -19.75
UNION CHEMICALS LANKA PLC 5 400 300 -100 -25
UNISYST ENGINEERING PLC 2,000 6.9 6 -0.9 -13.04
UNITED MOTORS LANKA PLC 1,000 45.4 50 4.6 10.13
VALLIBEL FINANCE PLC 1,040 53.6 45 -8.6 -16.04
VALLIBEL ONE PLC 35,900 12 11.2 -0.8 -6.67
VALLIBEL POWER ERATHNA PLC 7,669 5.4 5.3 -0.1 -1.85
WASKADUWA BEACH RESORT PLC 1,000 3.5 2.8 -0.7 -20
WATAWALA PLANTATIONS PLC 1,517 20 16.1 -3.9 -19.5