Sri Lanka stocks end 1.06 -pct lower
ECONOMYNEXT – Sri Lanka stocks fell 1.06 percent on Wednesday with selling seen in LOLC Holdings, LOLC Development Finance and Expolanka Holdings brokers said.
Turnover was 853 million rupees with 38 stocks gaining and 120 falling.
The Colombo benchmark All Share Price Index fell 75.14 points to close at 7,044.56.
The market reached an intraday high at 7,139.24 during the first hour into trading but fell throughout the day.
The S&P SL20 index of more liquid stocks fell 1.00 percent or 28.59 points to close at 2,816.92.
LOLC Holdings fell 6.50 rupees to close at 296.00 rupees contributing most for the ASPI fall and LOLC Development Finance fell 12.70 rupees to 57.20 rupees.
LOLC Finance closed 10 cents down at 5.90 rupees, Browns and Company fell 2.00 rupees to close at 158.25 rupees and Browns Investment closed 10 cents down at 5.10 rupees.
Vallibel One fell 1.70 rupees to close at 48.00 rupees while John Keells Holdings gained 50 cents to close at 149.00 rupees.
Hayleys Plc closed 1.30 rupees down at 55.00 rupees with key subsidiaries Dipped Products falling 2.10 rupees to close at 46.20 rupees and Haycarb Plc falling 2.50 rupees to close at 94.50 rupees.
The Kingsbusry closed flat at 5.70 rupees and Singer Sri Lanka closed 20 cents at 17.70 rupees while Singer Industries gained 1.00 rupees to close at 48.00 rupees.
Expolanka fell 1.30 rupees to close at 44.70 rupees and Melstacorp Holdings closed 50 cents down at 45.00 rupees a share.
Commercial Bank of Ceylon closed 1.20 rupees down at 86.00 rupees and Hatton National Bank closed 1.00 rupee down at 128.00 rupees.
DFCC Bank closed 40 cents down at 59.60 rupees, Sampath bank closed flat at 154.25 rupees and Nations trust bank fell 50 cents to close at 54.50 rupees.
Seylan Bank closed 1.50 rupees down at 49.70 rupees and Pan Asia Banking Corporation closed 40 cents down at 15.60 rupees.
Central Finance Company fell 1.40 rupees to close at 82.80 rupees and Citizens Development Business fell 7.00 rupees to close at 106.50 rupees while Housing Development Finance gained 10 cents to close at 33.60 rupees.
Ceylon Tobacco Company closed 1.50 rupees down at 998.25 rupees, Ceylon Cold stores closed 23.75 rupees down at 617.75 rupees and Piramal Glass Ceylon closed flat at 9.50 rupees.
Royal Ceramic Lanka closed 6.75 rupees down at 242.25 rupees, Lanka tiles fell 1.00 rupees to close at 180.25 rupees, Lanka Walltiles closed 4.25 rupees at 180.75 rupees.
Cargills Ceylon closed 4.50 rupees up at 238.50 rupees while Distilleries Company fell 10 cents to close at 19.80 rupees, Hemas Holdings closed flat at 80.00 rupees and Ceylon Grain Elevators fell 2.25 rupees to close at 113.50 rupees.
In the hotel sector Eden Hotel Lanka closed 20 cents down at 10.00 rupees, Sigiriya Village hotel closed 60 cents down at 32.90 rupees, John Keels Hotels closed 10 cents down at 9.50 while Aitken Spence Hotel holdings gained 10 cents to close at 30.00 rupees.
Carson Cumberbatch closed flat at 270.00 rupees while Access Engineering fell 10 cents to close at 22.40 rupees.
Nestle Lanka closed flat at 1,147.75 rupees and Aitken Spence Plc closed 2.00 rupees down at 54.30 rupees.
Sri Lanka Telecom closed 10 cents up at 32.60 rupees, Richard Pieris and Company closed 40 cents down at 15.50 rupees and Dialog Axiata closed 10 cents down at 13.10 rupees.
The Capital Goods Industry was the most active, fell 0.01 percent today. (Colombo/March 17/2021)