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Sri Lanka stocks recoup losses

ECONOMYNEXT – Sri Lanka stocks rose for the second-day straight closing 3.09 per cent higher on Thursday, Colombo Stock Exchange data showed, recouping losses made earlier in the week, as a new Coronavirus cluster was found.

On Friday, Colombo’s All Share Index ended at 6,050.17.

By the end of trading on Thursday, All Share Price Index had climbed back to 5,724.54, up 171.31 points.

Market analysts said that the equities markets in Asia are rallying on a one month high.

S&P SL20 index of more liquid stocks gained 2.37 per cent or 53.86 points to end at 2,326.75

The market turnover was 2.9 billion rupees with 181 stocks making gains and 21 making losses.

Commercial Leasing and Finance stocks traded 1.1 rupees a share up at 4.70 rupees.

Other stocks which contributed to ASPI’s gain were Carsons Cumberbatch PLC trading 30.30 rupees up at 290.40 rupees a share while Ceylon Cold Stores gained 47.30 rupees to trade at 667.40 rupees a share.

(Colombo/Oct08/2020)

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