Sri Lanka stocks fall on John Keells Holdings

ECONOMYNEXT- Sri Lanka’s stocks closed 0.20 percent lower, pulled down by index-heavy John Keells Holdings (JKH), provisional data showed.

Colombo’s All Share Price Index closed 11.57 points down at 5,878.29 and the S&P SL20 Index of more liquid stocks fell 0.66 percent or 19.29 points to 2,889.15.

The market turnover was 559 million rupees with 51 stocks gaining and 74 falling.

JKH, Sri Lanka’s largest listed conglomerate, closed 1.30 rupees down at 151.90 rupees a share, contributing most to the ASPI fall.

Hatton National Bank, one of the country’s three largest listed lenders fell 2.80 rupees to 165.20 rupees a share.

Asian Hotels and Properties, a JKH subsidiary, closed 2.10 rupees down at 37.00 rupees a share, also contributing to ASPI’s decline.

Browns Investments accounted for 45 percent of daily turnover and closed 70 cents up at 4.70 rupees a share. (COLOMBO, September 02, 2019)

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