Sri Lanka stocks fall on John Keells Holdings

ECONOMYNEXT- Sri Lanka’s stocks closed 0.73 percent lower on Monday, dragged down by John Keells Holdings, provisional data showed.

The All Share Price Index (ASPI) at the Colombo Stock Exchange closed 41.35 points lower at 6,069.93.

The ASPI slightly gained to an intra-day high of 6,118.80 half an hour into trading before falling throughout the day and closing marginally above the the day’s lowest 6,066.92.

The S&P SL20 Index of more liquid stocks closed 1.14 percent or 33.53 points down at 2,894.97.

Market turnover was 444 million rupees with 21 stocks gaining and 122 declining.

John Keells Holdings closed 2.00 rupees lower at 162.10 rupees a share, contributing most to the fall of the ASPI.

Hatton National Bank Plc fell 3.20 rupees to 170.00 rupees a share while Commercial Leasing and Finance Plc fell 20 cents to 3.60 rupees a share, also contributing to the fall of ASPI.

There was a 48.1 million rupee crossing in Dialog Axiata at 12.90 rupees a share and the stock closed 10 cents up at 12.80 rupees a share.

(Colombo/ Jan 06/ 2020)

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