Sri Lanka stocks end lower amid curfews

ECONOMYNEXT – Sri Lanka stocks fell 0.93 per cent on Wednesday, Colombo Stock Exchange data showed while the country imposed long weekend coronavirus curfew in the entire western province in an effort to contain the spread,
Army Commander Lt Gen Shavendra Silva said that the virus is spreading faster than before.

The country recorded its 17th, 18th and 19th COVID-19 death yesterday.

Friday (30) is a Poya day (a public, bank and mercantile holiday) in Sri Lanka, and the curfew will cover the duration of the coming long-weekend in the Western Province.

While in the equity market, Colombo’s All Share Price Index fell 53.10 points to close at 5,627.10.

S&P SL20 index of most liquid stocks fell 0.45 per cent or 10.46 points to end at 2,250.51.

Market turnover was 1.25 billion rupees while 25 stocks made gains and 164 made losses.

Bukit Darah PLC contributed most to ASPI’s fall, trading 28.90 rupees down at 341.10 rupees a share.

Other stocks which contributed to ASPI’s fall were Sri Lanka Telecom down 1.40 rupees to close at 29.90 rupees a share while Carsons Cumberbatch fell 8.20 rupees down at 241.50 rupees a share. (Colombo/Oct28/2020)

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