Sri Lanka stocks fall on John Keells Holdings

ECONOMYNEXT- Sri Lanka’s stocks fell 0.04 percent on Wednesday, dragged down by index-heavy John Keells Holdings, provisional data showed.

The All Share Price Index (ASPI) closed 2.21 points down at 6,212.78 after making gains in the morning session which were wiped out in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.41 percent or 12.51 points down at 3,036.97.

Market turnover was 715.5 million rupees. Ninety six stock prices gained while 70 fell.

Foreigners were net sellers with outflows of 177 million rupees from the market.

Index-heavy John Keells Holdings closed 1.10 rupees down at 169 rupees a share, and fellow diversified holdings firm Melstacorp closed 1 rupee down at 43 rupees a share, contributing to the ASPI fall.

There was a negotiated trade in Commercial Bank work 31.7 million rupees at 98 rupees a share, closing at the same level, down 1 rupee.

Another crossing worth 40.3 million rupees took place in CT Holdings at 165 rupees a share. (Colombo/Dec04/2019)

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