Sri Lanka stocks fall for second day on profit taking

ECONOMYNEXT – Sri Lanka stocks closed 0.28 percent lower on profit taking for the second consecutive day, brokers said.

The All Share Price Index (ASPI) closed 16.95 points down at 5,934.80 and the S&P SL20 index of more liquid stocks closed 1.44 percent or 43.69 points down at 2,981.30.
The ASPI had reached a 6-month high of 5,995.20 on Monday.
The market turnover was 1.1 billion rupees with 56 stocks gaining and 96 falling at Wednesday’s close.
There were no negotiated trades, brokers said.
Sampath Bank closed 5.60 rupees down at 169.90 rupees a share, Commercial Bank fell 1.20 rupees to 109.80 rupees a share and Hatton National Bank fell 3.50 rupees to 184.00 rupees a share, pushing the ASPI down.
Selling in Lanka Tiles, John Keells Holdings and Sampath Bank and Hatton National Bank contributed most to market turnover.
Retail investor activity was seen on Hayleys Fabric (1023 trades), Sampath Bank (531 trades) and Access Engineering (522 trades).
 (COLOMBO, 31 July, 2019)

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