ECONOMYNEXT – Sri Lanka stocks fell 1.42 percent on Thursday though foreign investors bought 527 million rupees of Windforce Limited, a renewable energy firm which debuted on the market, after a successful 3.2 billion rupee initial public offering.
The Colombo benchmark All Share Price Index fell 105.53 points to close at 7,327.91.
The S&P SL20 index of more liquid stocks fell 1.54 per cent or 45.73 points to close at 2,931.59.
Turnover was 2.6 billion rupees with 36 stocks gaining and 143 falling.
LOLC Holdings fell 9.75 rupees to close at 319.75 rupees contributing most for ASPI’s fall, Brown and Company fell 5.75 rupees to close at 174.50 and Browns Investment fell 10 cents to close at 6.30 rupees a share.
LOLC Finance closed 20 cents down at 6.10 rupees.
Expolanka Holdings fell 1.80 rupees to close at 47.80 rupees a share.
Melstacorp Holdings closed 2.10 rupees down at 45.70 rupees a share.
Hayleys Plc closed 2.20 rupees down at 76.20 rupees with key subsidiaries Dipped Products falling 1.20 rupees to close at 56.50 rupees and Haycarb Plc falling 4.00 rupees to close at 104.00 rupees.
John Keells Holdings closed 50 cents down at 146.25 rupees a share and Vallibel One fell 2.10 rupees to close at 56.30 rupees a share
The Kingsbury closed flat at 6.10 and Singer Sri Lanka closed 1.10 rupees down at 19.00 rupees.
A 131 million rupees negotiated trading was seen in Windforce at 18.00 rupees a share and the stock Closed 2.50 rupees or 15.63 percent higher, a share at 18.50 rupees after began trading above its price of 16 rupees per share after raising 3.2 billion rupees for wind power projects in Sri Lanka and Senegal.
Commercial Bank of Ceylon closed 1.00 rupee down at 83.90 rupees, Hatton National Bank closed 2.00 rupees down at 130.00 rupees.
A 20 million negotiated trading was seen in Sampath bank at 51 rupees a share and the stock closed 60 cents down at 51.00 rupees a share.
DFCC Bank closed 1.80 down at 58.00 rupees while Nations Trust Bank closed 20 cents down at 54.00 rupees.
Seylan Bank closed 10 cents at 49.90 rupees and Pan Asia Banking Corporation closed 70 cents down at 15.20 rupees.
Housing Development Finance closed 60 cents down at 34.30 rupees and Central Finance Company closed 1.50 rupees down at 85.00 rupees.
Lanka Ceramic closed flat at 133.25 rupees, Lanka Tiles fell 1.90 rupees to close at 48.10 rupees and Lanka Walltiles fell 1.80 rupees to close at 49.10 rupees.
Bukit Darah closed 6.50 rupees down at 300.00 rupees, Ceylon Grain Elevators closed 7.00 down at 126.00 rupees and Distilleries Company closed 40 cents down at 20.10 rupees while Hemas Holdings closed 10 cents up at 82.30 rupees.
In the hotel sector Eden Hotel Lanka closed flat at 10.00 rupees, Aitken Spence Hotel Holdings closed 30 cents down at 31.10 rupees and John Keels Hotels closed 40 cents down at 9.60 rupees a share.
Access Engineering closed 80 cents down at 22.70 rupees.
Nestle Lanka closed 5.25 rupees down at 1,005.025 rupees and Aitken Spence Plc closed 2.20 rupees down at 55.20 rupees.
Sri Lanka Telecom closed flat at 35.00 rupees, Dialog Axiata closed 10 cents down at 12.80 rupees and Richard Pieris and Company closed 50 cents down at 16.40 rupees.
Ceylon Tobacco Company closed 2.00 rupees up at 978.00 rupees, and Piramal Glass Ceylon closed 10 cents down at 11.50 rupees and Ceylon Cold stores closed 25 cents up at 584.75 rupees.
A net Foreign buying were 412.8 million rupees.
The Utilities Industry which was the most active fell 1.7 per cent today. (Colombo/April 22/2021)