Sri Lanka stocks end lower
ECONOMYNEXT – Sri Lanka stocks end 0.14 per cent lower on Friday for the second consecutive day, pushed down by Carsons Cumberbatch, Distilleries and Dialog Axiata as the quarterly reports are released, Colombo Stock Exchange data showed.
Colombo’s main All Share Price Index fell 8.55 points to close at 6,082.42.
ASPI has been volatile throughout the week. Today the index experienced a short-lived gain within a few minutes into trading but it hit intraday low of 6,077.09. Later the market bounced back slightly to close at 6,082.42 losing 9 points.
The most liquid index, S&P SL20 index fell 0.09 per cent or 2.20 points to 2,401.37.
The market turnover was 1.9 billion rupees with 90 stocks making profits and 82 stocks making losses.
Stocks that contributed most to ASPI’s plunge were Carson Cumberbatch slipping 9.60 rupees to trade at 265.10 rupees a share.
Distilleries Company of Sri Lanka fell 20 cents to trade at 18.50 rupees a share. Distilleries released its interim report for the quarter ended September 2020, recording a 95.5 per cent growth in revenue.
Dialog Axiata too contributed to the fall, trading 10 cents lower at 11.70 rupees a share. For the September quarter, Dialog has recorded a profit of 4.8 billion rupees, up from 1.4 billion rupees in 2019 September quarter.
Counters that made gains were LOLC Holdings trading 3.10 rupees up at 133.00 rupees a share, Watawala Plantations stocks gained 57.30 rupees a share and Hemas Holdings gained 1.40 rupees to 76.40 rupees a share.
Material goods and capital goods industries were the most active.