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Sri Lanka stocks edge down, poultry stocks hit fresh high

ECONOMYNEXT – Sri Lankan shares closed slightly weaker in thin trade with foreign investors being net sellers while poultry sector stocks hit fresh highs, brokers said.

The All Share Price Index lost 10 points or 0.1 percent to close at 7,152.4 while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, lost 4.5 points (0.1 percent) to close at 3,915.1.

Turnover was a low 613.5 million rupees compared with the 12-months average daily turnover of 1.4 billion rupees.

There were crossings or off-the-floor negotiated deals in Commercial Bank, of 200,000 shares at 168 rupees each, and Central Finance, of 100,000 shares at 260 rupees each.

Asia Securities said the benchmark index was dragged down by price dips in market heavyweights like Carson Cumberbatch, Dialog Axiata and Hemas Holdings.

The ASPI is down two percent this year.

Foreign investors were net sellers with an outflow of 11.8 million rupees with selling mainly in Commercial Bank, Hatton National Bank and Three Acre Farms while they bought in to Central Finance.

Lanka Securities said poultry sector stocks gained ground with Ceylon Grain Elevators and Three Acre Farms touching fresh 52-week highs of 90.00 an138.50. (Colombo/September 15 2015)

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