Sri Lanka stocks fall on John Keells Holdings
ECONOMYNEXT- Sri Lanka’s stocks continued a two-day retreat, closing 0.52 percent lower on Monday dragged down by John Keells Holdings, Ceylon Tobacco Company and Ceylon Cold Stores, provisional data showed.
The All Share Price Index (ASPI) at the Colombo Stock Exchange closed 30.13 points down at 5,800.38.
The ASPI reached a daily high of 5,840.46 in the first hour of trading and fell for the rest of the day, reaching a low of 5,796.99 in the final half hour before recovering marginally.
The S&P SL20 Index of more liquid stocks closed 0.72 percent or 20.03 points down at 2,768.28.
Market turnover was 424.22 million rupees with 32 stocks gaining and 101 falling.
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Index heavy John Keells Holdings closed 2.90 rupees down at 152.60 rupees a share, contributing most to the ASPI’s fall.
Ceylon Tobacco Company closed 10.20 rupees lower at 1,140.00 rupees a share and Ceylon Cold Stores fell 19.60 rupees to 790.00 rupees a share, also pushing the ASPI down.
There was 31.1 million rupees negotiated trading (crossing) in John Keells Holdings at 153 rupees a share.
A 49.1 million rupee crossing was seen in Hayleys Plc at 160 rupees a share, and the stock closed flat.
A 34.4 million rupee crossing was seen in Ceylon Hospitals Plc at 86 rupees a share, 1 rupee below the opening price, at which the stock closed trading.
Kithmina Hewage- Institute of Policy Studies