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Sri Lanka stocks extend fall over Coronavirus fears

ECONOMYNEXT – Sri Lanka stocks closed 0.9 per cent on Tuesday Colombo Stock Exchange data showed, as more Coronavirus patients were confirmed at a cluster at an apparel factory and Covid-19 curfew was imposed on the third town.

Sri Lanka imposed curfews in the Gampaha police division adding to three towns in the district.

As of this afternoon, there were a total of 567 COVID-19 positive cases detected in the cluster.

Colombo’s stocks fell 462.99 points on September 05. The previous single day drop was last recorded on March 20 before the nationwide lockdowns.

The Colombo All Share Price Index fell 52.5 points to close at 5,534.61

The S & P SL20 index of most liquid stocks closed 0.61 per cent or 13.95 points to end at 2,274.56.

The market turnover was 2.8 billion rupees with 64 stocks making gains and 135 making losses.

Bukit Darah PLC contributed most to ASPI’s plunge, trading 325.00 rupees a share down from 392.50 rupees.

Other stocks which contributed to ASPI’s fall were Ceylinco Insurance PLC down at 1,800 rupees a share from 1,949.40 rupees while Carson Cumberbatch PLC stocks down at 251.60 rupees a share from 263.70 rupees.

(Colombo/Oct06/2020)

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