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Sri Lanka stocks end lower

ECONOMYNEXT – Sri Lanka stocks end 0.11 per cent lower on Thursday, pushed down by Commercial Bank, Nestle Lanka and Sampath Bank, Colombo Stock Exchange Data showed.

Colombo’s All Share Price Index fell 6.69 points to end at 6,090.97.

The most liquid index, S&P SL20 closed 1.19 per cent or 28.98 points down at 2,403.57.

“Volatile investor sentiment was witnessed ahead of the 2021 budget reading, reverting the direction of the market to negative. Index experienced a downtrend within the early hour of trading as it hit its intraday low of 6,054,” FirstCapital Research said in its daily market report.

Market turnover was 1.5 billion rupees with 62 stocks making gains and 121 making losses.

Commercial Bank of Ceylon contributed most to ASPI’s fall, trading 2.00 rupees down at 77.00 rupees a share.

Other stocks that contributed to the fall were Nestle Lanka, down 26.70 rupees to 1,098.30 rupees a share and Sampath Bank down 3.40 rupees to 124.60 rupees a share.

However, top stocks that made gains were Distilleries Company of Sri Lanka stock up 80 cents to end at 18.70 rupees a share, Sri Lanka Telecom up 1.00 rupee to 33.20 rupees a share and Dialog Axiata gained 20 cents to 11.80 rupees a share.

The Capital Goods industry was the most active, down 0.22 per cent.

The materials industry too was active, down 1.2 per cent

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(Colombo/Nov12/2020)

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