ECONOMYNEXT – Sri Lanka stocks closed 1.44 percent lower on Tuesday, dragged down by LOLC Holdings, Browns Investments and Brown and Company, brokers said.
The Colombo benchmark All Share Price Index slipped 104.15 points to close at 7,111.45.
The index opened at 7,231 but plunged immediately after and continued to drop to close at the intra-day’s lowest 7,111.45.
The S&P SL20 index of more liquid stocks fell 1.20 per cent or 34.15 points to close at 2,815.94.
Turnover was three billion rupees with 49 stocks gaining and 107 falling.
LOLC Holdings down 17.25 rupees to close at 319.00 rupees contributing most for ASPI’s fall, Brown and Company slipped 13.00 rupees to close at 178.75 rupees a share and Browns Investment fell 40 cents to close at 6.40 rupees a share.
LOLC Finance closed 30 cents down at 6.30 rupees.
Expolanka Holdings fell 1.20 rupees to close at 44.30 rupees a share and Melstacorp Holdings closed 2.00 rupees down at 43.10 rupees a share.
Hayleys Plc closed 1.30 rupees down at 73.80 rupees with key subsidiaries Dipped Products falling 1.20 rupees to close at 53.20 rupees and Haycarb Plc falling 2.25 rupees to close at 100.25 rupees.
John Keells Holdings closed 2.00 rupees down at 137.75 rupees a share and Vallibel One fell 60 cents to close at 52.50 rupees a share.
The Kingsbury gained 10 cents to close at 5.90 and Singer Sri Lanka closed 30 cents down at 18.30 rupees.
Commercial Bank of Ceylon closed 20 cents down at 79.30 rupees.
Hatton National Bank closed 1.50 rupees down at 130.00 rupees a share.
Sampath bank closed 20 cents up at 49.40 rupees a share
DFCC Bank closed 20 cents down at 56.80 rupees and Nations Trust Bank closed 20 cents up at 53.70 rupees.
Seylan Bank closed flat at 48.00 rupees and Pan Asia Banking Corporation closed 20 cents up at 15.30 rupees.
Housing Development Finance closed 1.00 rupees up at 34.30 rupees while Central Finance Company closed 70 cents up at 82.00 rupees.
Bukit Darah closed 14.00 rupees down at 282.00 rupees, Hemas Holdings closed 30 cents down at 79.70 rupees and Ceylon Grain Elevators closed 1.25 rupees down at 125.75 rupees while Distilleries Company closed 50 cents down at 20.00 rupees a share.
In the hotel sector Eden Hotel Lanka closed 20 cents down at 9.90 rupees while Aitken Spence Hotel Holdings closed flat at 28.30 rupees and John Keels Hotels closed 50 cents down at 9.00 rupees a share.
Access Engineering closed 10 cents down at 22.50 rupees and Carson Cumberbatch closed flat at 275.00 rupees.
Nestle Lanka closed 5.00 rupees down at 1,002.75 rupees and Aitken Spence Plc closed 1.10 rupees down at 50.90 rupees.
Sri Lanka Telecom closed 40 cents down at 33.10 rupees, Dialog Axiata closed flat at 12.70 rupees while Richard Pieris and Company closed 40 cents down at 15.50 rupees.
Ceylon Tobacco Company closed 25 cents up at 963.50 rupees, and Piramal Glass Ceylon closed 20 cents down at 11.30 rupees while Ceylon Cold stores closed 75 cents down at 581.00 rupees.
Windforce Closed flat at 18.00 rupees.
Royal Ceramic Lanka fell 90 cents to close at 33.20 rupees, Lanka Tiles fell 1.20 rupees to close at 43.60 rupees and Lanka Walltiles fell 1.90 rupees to close at 44.30 rupees while Lanka Ceramic closed flat at 132.50 rupees.
Net foreign sales were 800 million rupees.
The Food, Beverage and Tobacco Industry and Banking sector jointly contributed 71% to the market turnover. (Colombo/May 04/2021)