Sri Lanka stocks retreat continues for seventh day
ECONOMYNEXT- Sri Lanka’s stocks closed 0.26 percent lower on Monday continuing a retreat for the seventh day, dragged down by Distilleries, Central Finance and Teejay Lanka, provisional data showed.
The All Share Price Index (ASPI) at the Colombo Stock Exchange closed 14.94 points down at 5,814.27.
The ASPI reached a daily high of 5842.81 within the first half an hour of trading and fell for the rest of the day on volatile trade reaching a daily low of 5809.35 before closing marginally high.
The S&P SL20 Index of more liquid stocks closed 0.16 percent or 4.41 points down at 2,768.85.
The market turnover was 439.94 million rupees with 54 stocks gaining and 83 falling.
Distilleries Company of Sri Lanka closed 30 cents down at 17.20 rupees a share, contributing most to the ASPI’s fall.
Central Finance Company closed 5.60 rupees lower at 99.40 rupees a share and Teejay Lanka fell 1.40 rupees to 29.30 rupees a share, also contributing to the ASPI’s decline.
Meanwhile, Dialog Axiata stocks closed 10 cents up at 12.70 rupees a share.
There was 33.4 million rupees negotiated trading (crossing) in Sampath Bank at 167 rupees a share, and the stock closed 1 rupee down at 166 rupees a share.
A 20.5 million rupees crossing was seen in Access Engineering at 20.50 rupees a share, and the stock closed 10 cents up at 20.60 rupees a share.
Another 55.58 million rupees crossing was seen in Commercial Bank of Ceylon at 85.50 rupees a share and the stock closed flat at 85.50 rupees a share. (Colombo/Feb 17/2020)