Sri Lanka stocks end 4-pct lower

ECONOMYNEXT – Sri Lanka stocks fell 4.21 per cent at Wednesday’s close amid a new cluster of coronavirus infections detected at Meegoda Economic Center and Peliyagoda fish market in the Western Province, brokers said.

Factoring in the new trend, Colombo’s All Share Price Index plunged 4.21 per cent or 249.56 points to close at 5,9684.67.

The S&P SL20 index of more liquid stocks also fell 4.19 per cent or 99.96 points to 2,287.60.

The market turnover was 3.2 billion rupees with 10 stocks gaining and 236 falling.

A negotiated trading (crossing) amounted 24.7 million rupees was seen in John Keells Hotels Plc at 8.00 rupees a share and the stock closed 20 cents down at 7.80 rupees a share.

A 147.8 million rupees crossing was seen in Cargills Ceylon Plc at 190.00 rupees a share and the stock closed flat at 190 rupees as a share.

Another 20.9 million rupees crossing was seen in Melstacorp Plc at 35.00 rupees a share and the stock closed at 32.40 rupees a share.

Industrial Asphalts contributed most to ASPI’s fall, declining 10 cents a share to trade at 20 cents.

Madulsima Plantation fell 2.60 rupees to trade at 9.50 rupees a share and Kotagala Plantation fell 2.30 rupees to trade at 9.30 rupees a share also dragging the ASPI down.

Health authorities confirmed 49 new COVID-19 cases at Sri Lanka’s largest fish market in Peliyagoda today.

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The market is temporarily closed following the discovery, Sri Lanka’s national COVID-19 task force said.

It’s not clear how the fish vendors contracted the virus. The COVID-19 task force is probing the matter, officials said.

Meanwhile, Sri Lanka will impose a “quarantine curfew” in the Gampaha district from 2200 hrs today (21 October) to Monday (26 October), Army Commander Lt Gen Shavendra Silva said.

The COVID-19 situation report of the National Operations Centre for the Prevention of COVID-19 (NOCPOC), the country has had a total of 5,810 cases out of which 2,341 are active cases who are receiving treatments.

The Minuwangoda cluster alone has 2,344 patients, of which 1041 are staffs of Brandix and the rest of the 1,3030 cases are close contacts of the cluster.

Only 50 cases are reported from foreign returnees. (Colombo/October 21/2020)

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