Sri Lanka stocks fall 1.7-pct as curfews expanded in Colombo

ECONOMYNEXT – Sri Lanka stocks fell 1.73 percent at Monday’s close as an Coronavirus cluster expanded over the weekend and curfews were expanded in parts of the capital Colombo including the stock exchange building.

Factoring in the new trend, Colombo’s All Share Price Index fell 99.61 points to close at 5,669.33.

The fell as low as 5,639.22 and recovered marginally at close..

The S&P SL20 index of more liquid stocks also fell 1.72 percent or 39.54 points to 2,258.34.

The market turnover was one billion rupees with 22 stocks gaining and 175 falling.

John Keells Holdings contributed most to ASPI’s fall, declining 3 rupees a share to trade at 129.00 rupees.

Carson Cumberbatch fell 15.10 rupees to trade at 253.80 rupees a share and Ceylon Tobacco Company fell 15.70 rupees to trade at 940.70 rupees a share alsodragging the ASPI down.

Hatton National bank fell 2.80 rupees to trade at 113.10 rupees, Commercial Bank of Ceylon fell 60 cents to trade at 73.90 rupees, Sampath Bank fell 2.40 rupees to trade at 120.80 rupees in the Banking sector while Hayleys Plc fell 8.00 rupees to trade at 300.70 rupees a share, Singer Plc fell 2.50 rupees to trade at 41.40 rupees, Lanka Tiles fell 3.90 rupees to trade at 86.70 rupees a share and Tokyo Cement Company fell 2.70 rupees to 57.10 rupees a share.

The Materials Industry index, which was the most active, fell. 2.34 percent. (Colombo/ October 26/2020)

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