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Wednesday May 19th, 2021
Markets

Sri Lanka stocks down after two-day post-election rally

ECONOMYNEXT – Sri Lankan stocks closed 0.07 percent lower on Wednesday, with the benchmark index pushed down mainly by losses in John Keells Holdings after a two-day post-election rally, provisional data showed.

The stock market had risen sharply after the decisive victory at Saturday’s presidential poll of Gotabaya Rajapaksa who is expected to form a new government.

Colombo’s All Share Price Index (ASPI) closed 4.17 points lower on 6,138.59.

The index reached an intra-day high of 6,174.26 in the first hour of trading before reaching a low of 6,125.12 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.76 percent or 23.33 points down at 3,039.58.

Market turnover was 2 billion rupees with 70 stocks gaining and 99 declining.

John Keells Holdings closed 4.10 rupees lower at 160.00 rupees a share, contributing most to the fall of the ASPI.

Distilleries Company gain1.30rupees to 19.80 rupees a share while Ceylon tobacco Company gain 30.80 rupees to 1,150.00 rupees a share.

(Colombo/ November 20/ 2019)

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