Sri Lanka stocks fall 0.3-pct on profit taking

ECONOMYNEXT – Sri Lanka stocks fell 0.33 percent ending a dizzy three-week rally as investors took profits, brokers said.

Some retailers who were sitting on profits also sold to settle broker credit they said.

Colombo’s All share price index fell 0.33 percent or 28.53 points to close at 8,665.82.

The S&P SL20 index of more liquid stocks gained 0.09 percent or 3.23 points to close at 3,504.05.

The market turnover was 11.4 billion rupees with79 stocks gaining and 133 falling.

John Keells Holdings closed 8.50 rupees down at 172.75 rupees a share contributing most for the ASPI fall.

Ceylon Tobacco Company fell 17.00 rupees to close at 1,103.00 rupees, Distilleries Company fell 40 cents to close at 23.70 rupees and Ceylon Cold stores closed 15.00 rupees down at 710.00 rupees.

Carson Cumberbatch fell 22.25 rupees to close at 376.50 rupees and Browns investments close 10 cents down at 6.90 rupees a share while Access Engineering gained 20 cents to close at 30.60 rupees

LOLC Holdings gained 36.00 rupees or 9.44 percent to close at 417.25 rupees a share, Royal Ceramic Lanka closed 15.99 percent or 48.50 rupees up at 351.75 rupees and Vallibel One closed 5.49 percent or 3.00 rupees up at 57.60 rupees arresting the ASPI fall.

Lanka Ceramic closed 1.25 rupees up at 1,798.00 rupees.

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Hayleys Plc, fell 1.00 rupee to close at 792.00 rupees a share with key subsidiaries Dipped Products gaining 41.25 rupees to close at 728.00 rupees and Haycarb Plc gaining 18.50 rupees to close at 1,288.75 rupees.

The Kingsbury Plc another subsidiary of Hayleys group closed 50 cents down at 14.00 rupees.

Hatton National Bank closed 2.25 rupees up at 154.00 rupees while Commercial Bank of Ceylon fell 25 cents to close at 100.50 rupees, DFCC Bank closed 2.10 rupees down at 77.60 rupees and Sampath Bank closed 1.25 rupees down at 170.25 rupees.

Nations trust bank fell 90 cents to close at 66.10 rupees while Pan Asia Banking Corporation gained 70 cents to close at 17.80 rupees and Seylan Bank fell 1.70 rupees to close at 61.70 rupees.

Central Finance Company fell 25 cents to close at 106.75 rupees and Citizens Development Business Finance fell 2.75 rupees to close at 127.00 rupees while LB Finance gained 1.50 rupees to close at 232.50 rupees.

In the hotel sector Eden Hotel Lanka closed 40 cents down at 12.60 rupees while Sigiriya Village hotel closed 30 cents up at 39.20 rupees, Aitken Spence Hotel holdings fell 80 cents to close at 35.50 rupees and John Keels Hotels closed 70 cents down at 11.40 rupees a share.

Sri Lanka Telecom closed 40 cents down at 39.70 rupees, Melstacorp Plc closed 1.80 rupees down at 71.60 rupees while Richard Pieris Company closed 40 cents up at 17.00 rupees.

EB Creasy and Company fell 199.75 rupees to close at 5,801.25 rupees while Hemas Holdings closed 3.50 rupee up at 101.00 rupees.

Nestle Lanka closed flat at 1,294.75 rupees while Dialog Axiata closed 10 cents down at 12.90 rupees while Aitken Spence Plc closed 2.40 rupees up at 77.00 rupees.

The Capital Goods Industry was the most active, gained 0.58 percent and Materials Industry which was also active gained 1.2 percent today. (Colombo/January 26/2021)

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