Sri Lanka stocks fall 0.38-pct, selling in DCSL, JKH
Monday May 13, 2019 16:05:00
ECONOMYNEXT- Sri Lanka’s stocks closed 0.38 percent lower on Monday with selling on Distilleries Company of Sri Lanka (DCSL) and John Keells Holdings (JKH).
The benchmark All Share Price Index (ASPI) fell 20.48 points to 5,307.20.
The index had reached an intra-day high of 5,345.30 in the first hour of trading, before shifting downwards throughout the day.
The more liquid stocks on the S&P SL20 Index closed 0.29 percent or 7.22 points down at 2,511.86.
Market turnover was 179.5 million rupees, with 37 stocks gaining and 81 falling.
There was low foreign participation, with net foreign inflows of 8.9 million rupees into the market.
The DCSL was the biggest contributer to the fall, closing 60 cents lower at 13.80 rupees a share.
Index-heavy JKH closed 1.10 rupee lower at 136 rupees a share, while Hatton National Bank closed 3.10 rupees lower at 157 rupees a share, also pulling the index down.
JKH and Cargills accounted for 54.6 percent of the daily turnover.
Cargills closed 2 rupees higher at 197 rupees a share. (Colombo/May13/2019)