Sri Lanka stocks fall, crossing in John Keells Holdings dominates trade
ECONOMYNEXT- Sri Lanka’s stocks retreated for the second day, closing 0.27 percent lower on Tuesday to fall below the psychological 6,000 mark with selling in John Keells Holdings, provisional data showed.
The All Share Price Index (ASPI) closed 16.52 points down at 5,993.66. The market was volatile throughout the day, reaching an intra-day high of 6,021.09 in early afternoon, before closing at a daily-low.
The S&P SL20 Index of more liquid stocks closed 0.01 percent or 0.30 points up at 2,982.11.
Market turnover was 1.96 billion rupees, with 79 percent of the total deriving through index-heavy John Keells Holdings.
There were 1.05 billion rupees in crossings (negotiated trade) in JKH at 154 rupees a share, and the stock closed 1 rupee down at 154 rupees a share.
Fifty seven stock prices gained on Tuesday, and 68 fell.
The local cigarette monopoly Ceylon Tobacco Company contributed most to the ASPI fall, closing 30.90 rupees down at 1,067.80 rupees a share. (Colombo/Nov05/2019)