ECONOMYNEXT – Sri Lanka stocks fell 1.96 percent, pushed down by LOLC Holdings, Vallibel One and LOLC Finance, Colombo stock exchange said.
Colombo’s All share price index fell 1.96 percent or 162.11 points to close at 8,113.26.
The index reached an intraday high of 8349.00 during the first hour into trading but continued to fall throughout the day.
The S&P SL20 index of more liquid stocks fell 2.32 percent or 76.64 points to close at 3,227.66.
The market turnover was 4.1 billion rupees with 51 stocks gaining and 154 falling.
LOLC Holdings fell 29.50 rupees a share to close at 440.25 rupees, contribution most to ASPI’s fall.
LOLC Finance, a part of LOLC, fell 70 cents to close at 6.40 rupees and Vallibel One fell 5.00 rupees to close at 66.40 rupees a share.
Royal Ceramic Lanka closed 27.75 rupees down at 321.25 rupees, Lanka tiles fell 16.00 to close at 235.75 rupees, Lanka Ceramic closed 24.75 rupees down at 162.50 rupees and Lanka Wall tiles closed 14.50 rupees down at 239.25 rupees.
John Keells Holdings fell 50 cents to close at 154.75 rupees and Brown and Company fell 10.75 rupees to close at 189.50 rupees.
Hatton National Bank closed 3.25 rupees down at 145.00 rupees, Commercial Bank of Ceylon fell 2.70 rupees to close at 90.00 rupees, DFCC Bank closed 2.70 rupees down at 65.20 rupees and Sampath bank closed 7.00 rupees down at 169.25 rupees.
Nations trust bank fell 40 cents to close at 61.00 rupees and Seylan Bank fell 1.00 rupees to close at 56.00 rupees and Pan Asia Banking Corporation fell 1,20 rupees to close at 17.70 rupees.
Central Finance Company fell 4.25 cents to close at 115.50 rupees, Alliance Finance Company Closed flat at fell 40 cents to close at 54.60 rupees and Citizens Development Business Finance fell 8.50 rupees to close at 113.75 rupees.
Sinhaputhra Finance closed 10 cents down at 9.90 rupees a share and Softlogic finance closed 20 cents up at 11.30 rupees a share while Housing Development Finance gained 10 cents to close at 42.10 rupees.
Cargills Ceylon fell 50 cents a share to close at 235.00 rupees, Hemas Holdings fell 1.30 rupees to 91.00 rupees, Distilleries Company fell 40 cents to close at 20.50 rupees and Melstacorp fell 2.40 rupees a share to close at 59.50 rupees while Ceylon Grain Elevators gained 13.25 rupees to close at 159.25 rupees.
In the hotel sector Eden Hotel Lanka fell 40 cents to close at 11.90 rupees while Sigiriya Village hotel closed 1.90 rupees up at 39.90 rupees, John Keels Hotels closed 10 cents up at 11.10 rupees a share and Aitken Spence Hotel holdings fell 20 cents to close at 33.80 rupees.
Expolanka Holdings closed 80 cents down at 53.50 rupees a share.
Hayleys Plc, fell 5.75 rupee to close at 776.00 rupees a share with key subsidiaries Dipped Products gaining 27.00 rupees to close at 733.75 rupees and Haycarb Plc gaining 321.50 rupees to close at 1,590.25 rupees.
The Kingsbury Plc closed 70 cents up at 13.20 rupees while Unisyst Engineering closed 10 cents down at 16.90 rupees, Singer Industries Ceylon closed 1.00 rupees down at 109.00 rupees and Hayleys Fabrics fell 1.10 rupees to close at 35.90 rupees a share.
Ceylon Tobacco Company fell 13.50 rupees to close at 1,103.25 rupees and Piramal Class Ceylon gained 10 cents to close at 9.70 rupees while Ceylon Cold stores closed 4.75 rupees up at 699.75 rupees.
Carson Cumberbatch fell 11.00 rupees to close at 304.00 rupees while Access Engineering fell 80 cents to close at 26.10 rupees.
Nestle Lanka closed 25.25 rupees down at 1,178.75 rupees while Aitken Spence Plc closed 30 cents up at 67.30 rupees.
Sunshine Holdings fell 5.30 rupees to close at 91.30 rupees a share.
Sri Lanka Telecom closed 20 cents down at 37.60 rupees, Dialog Axiata closed 10 cents down at 12.40 rupees and Richard Pieris and Company closed 40 cents down at 15.00 rupees.
The Materials Industry was the most active, gained 4.4 percent and Capital Goods Industry which was also active fell 2.4 percent today. (Colombo/Feb08/2021)