Sri Lanka stocks fall amid volatile trade

ECONOMYNEXT – Sri Lanka stocks closed 0.01 percent lower on Wednesday, dragged down by banking and finance shares, provisional data showed.

Colombo’s All Share Price Index (ASPI) remained volatile throughout the day.

The ASPI closed 0.54 points down at 6,044.73.

The index reached an intra-day high of 6,059.34 in the morning before reaching a daily low of 5,802.23 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.09 percent or 2.78 points down at 2,949.12.

Market turnover was 753 million rupees and 62 stocks gained while 51 fell.

Commercial Leasing and Finance fell 20 cents to 3.30 rupees a share, contributing most to the fall of ASPI.

Ceylinco Insurance fell 54.50 rupees to 1,888.70 rupees a share, also pushing the ASPI down.

Melstacorp Plc of Sri Lanka gained 1.60 rupees to 42.80 rupees a share while Sri Lanka Telecom gained 1.00 rupees to 31 rupees per shar

A crossing (negotiated trade) in index-heavy John Keells Holdings generated 165 million rupees in turnover, in a 1 million share deal at 165 rupees a share. The JKH share closed 20 cents down at 164.50 rupees.
(Colombo/ Dec 20/ 2019)

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