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Sri Lanka stocks end 0.57-pct lower for the second day

ECONOMYNEXT – Sri Lanka stocks fell 0.57 percent for the second day of the week on Tuesday on index Hayleys, Expolanka Holdings and LOLC Holdings pushing the ASPI down, brokers said.

Turnover was 1.2 billion rupees with 39 stocks gaining and 118 falling.

The Colombo benchmark All Share Price Index fell 40.71 points to close at 7,119.70.

The market reached an intraday high at 7,172.80 during the first hour into trading but continued to fell throughout the day before picking up to close marginally high.

The S&P SL20 index of more liquid stocks fell 0.60 percent or 17.30 points to close at 2,845.51.

Hayleys Plc closed 2.40 rupees down at 56.30 rupees contributing most for the ASPI fall with key subsidiaries Dipped Products falling 40 cents to close at 48.30 rupees and Haycarb Plc falling 1.20 rupees to close at 97.00 rupees.

The Kingsbury fell 40 cents to close at 5.70 rupees while Singer Industries fell 4.00 rupees a share, Singer Sri Lanka closed flat at 17.70 rupees.

Vallibel One fell 30 cents to close at 49.70 rupees while John Keells Holdings gained 50 cents to close at 148.50 rupees.

Expolanka fell 60 cents to close at 46.00 rupees and Melstacorp Holdings closed 80 cents down at 45.50 rupees a share.

LOLC Holdings fell 2.25 rupees to close at 302.50 rupees.

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LOLC Finance, closed flat at 6.00 rupees, Browns and Company fell 1.00 rupees to close at 160.25 rupees and Browns Investment closed flat at 5.20 rupees.

Commercial Bank of Ceylon closed 50 cents down at 87.20 rupees and Hatton National Bank closed 1.00 rupee down at 129.00 rupees.

DFCC Bank closed flat at 60.00 rupees, Sampath bank closed flat at 154.25 rupees and Nations trust bank fell 80 cents to close at 55.00 rupees.

Seylan Bank closed 70 cents up at 51.20 rupees and Pan Asia Banking Corporation closed flat at 16.00 rupees.

Central Finance Company gained 10 cents to close at 84.20 rupees while Housing Development Finance fell 50 cents to close at 33.50 rupees.

Ceylon Tobacco Company closed 25 cents up at 999.75 rupees and Ceylon Cold stores closed flat at 621.00 rupees while Piramal Glass Ceylon closed 20 cents down at 9.50 rupees.

Royal Ceramic Lanka closed 4.25 rupees down at 249.00 rupees, Lanka tiles fell 5.50 to close at 181.25 rupees, Lanka Walltiles closed 6.00 rupees at 185.00 rupees.

Cargills Ceylon closed 1.00 rupees down at 234.00 rupees, Distilleries Company fell 10 cents to close at 19.90 rupees, Hemas Holdings closed flat at 80.00 rupees and Ceylon Grain Elevators fell 2.25 rupees to close at 115.75 rupees.

In the hotel sector Eden Hotel Lanka closed 20 cents down at 10.20 rupees, Sigiriya Village hotel closed 50 cents at 33.50 rupees, John Keels Hotels closed 10 cents up at 9.60 and Aitken Spence Hotel holdings fell 10 cents to close at 29.90 rupees.

Carson Cumberbatch closed flat at 283.75 rupees while Access Engineering fell 50 cents to close at 22.50 rupees.

Nestle Lanka closed 50 cents down at 1,151.50 rupees and Aitken Spence Plc closed 2.60 rupees down at 56.30 rupees.

Sri Lanka Telecom closed 30 cents down at 32.50 rupees, Richard Pieris and Company closed 40 cents down at 15.90 rupees while Dialog Axiata closed 10 cents up at 13.20 rupees.

Net foreign sales amounted to 42.8 million rupees.

The Capital Goods Industry was the most active, fell 1.13 percent today. (Colombo/March 16/2021)

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  1. The brokers have been lying about the phenomenal rise in the market during a world recession and high unemployment and near starvation of many, with markets collapsing in all directions, and with a prediction a of a slow global recovery. Magically, some companies and even a few selected groups have shown near record profits. How come, is it by reduction of labour costs, and salaries and other income, or by the manipulation of accounts to show a false picture. Another An atmosphere full of shysters and shamefully encouraged.

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