Sri Lanka stocks end lower
ECONOMYNEXT – Sri Lanka stocks fell 0.77 percent at Thursday’s closing on index heavy counter C T Holdings PLC, Ceylon Tobacco Company and Nestle Lanka, Colombo Stock Exchange provisional data showed.
Colombo’s All Share Price Index fell 47.33 points to close at 6,060.89.
The S&P SL20 index of more liquid stocks fell 0.39 percent or 9.38 points to 2,387.88.
The main index started positive but fell to a daily low of 6062.82 during the last hour into trading but picked up before close on volatile trading.
The market turnover was 1.4 billion rupees with 43 stocks gaining and 137 falling.
C T Holdings PLC contributed most to ASPI’s fall, closing 15.20 rupees down to trade at 164.20 rupees a share.
Ceylon Tobacco Company fell 10.40 rupees to trade at 946.60 rupees a share and Nestle Lanka PLC fell 34.80 rupees to trade at 1,103.60 rupees a share also contributing to the ASPI fall.
Sri Lanka Telecom gained 50 cents to trade at 33.10 rupees a share and Ceylon Cold Stores gained 9.20 rupees to trade at 644.20 rupees a share.
Hatton National bank fell 20 cents to trade at 114.20 rupees, Commercial Bank of Ceylon fell 10 cents to trade at 76.00 rupees a share while Sampath Bank fell 20 cents to trade at 124.00 rupees a share.
Melstacorp Plc gained 40 cents to close at 35.90 rupees a share, Expolanka plc fell 80 cents to trade at 26.10 rupees a share while Softlogic Holdings fell 40 cents to trade at 10.50 rupees a share.
John Keells Holdings fell 40 cents a share to trade at 141.00 rupees a share while Hemas Holdings gained 90 cents to trade at 82.50 rupees a share.
Carson Cumberbatch closed flat at 266.00 rupees a share, Distilleries Company gained 50 cents to close at 19.50 rupees a share while Hayleys PLC fell 3.40 rupees to close at 362.40 rupees a share and Richard Pieris and Company fell 30 cents to close at 14.40 rupees a share.
Aitken Spence Plc fell 10 cents to close at 47.50 rupees a share and Dialog Axiata fell 20 cents to close at 11.70 rupees a share.
The Materials Industry index, which was the most active, fell 1.7 percent.
The Transportation Industry index which was also active fell 2.9 percent. (Colombo/November 19/2020)