Sri Lanka stocks rally after 6-day fall
Wednesday August 7, 2019 15:56
ECONOMYNEXT – Sri Lanka stocks rallied after a 6-day fall, closing 0.73 percent higher on Wednesday, brokers said.
Colombo’s All Share Price index (ASPI) closed 42.74 points higher at 5,889.68, recovering to the same level seen at market close on Monday.
The S&P SL20 Index of more liquid stocks closed 1.42 percent or 40.73 points up at 2,900.71.
Stocks had reached a 6-month high of 5,995.20 on July 29, before retreating for six days till August 06 on profit taking.
The market turnover on Wednesday was 461 million rupees with 98 stocks gaining and 43 stocks declining.
There was a 21.9 million rupee crossing (negotiated trade) in John Keells Holdings 146.00 rupees a share.
Ceylon Cold Stores closed 49.60 rupees up at 750.00 rupees a share contributing most to the ASPI gain.
Commercial Bank closed 3.00 rupees up at 107.00 rupees a share and Sri Lanka Telecom closed 1.00 rupees down at 29.00 rupees a share, also pushing the ASPI up. (COLOMBO, 07 Aug, 2019)