Sri Lanka stocks retreat for fifth day
ECONOMYNEXT- Sri Lanka’s stocks closed 0.45 percent lower on Monday, dragged down by food, beverage and tobacco industries, provisional data showed.
The All Share Price Index (ASPI) at the Colombo Stock Exchange closed 26.72 points lower at 5,906.20, falling for the fifth straight day.
The ASPI slightly gained to an intra-day high of 5,944.25 before falling throughout the day and closing marginally above the day’s lowest 5,897.33.
The S&P SL20 Index of more liquid stocks closed 0.07 percent or 2.06 points down at 2,789.00.
Market turnover was 489 million rupees with 46 stocks gaining and 63 declining.
The food, beverage and tobacco sector index closed 0.27 percent down on Monday.
Nestle Lanka closed 63.90 rupees lower at 1,236.00 rupees a share, contributing most to the ASPI fall.
Ceylon Tobacco fell 16.70 rupees to 1,060.10 rupees a share while retailer Cargills Ceylon fell 9.00 rupees to 190.00 rupees a share, also dragging down the ASPI.
There was a 330 million rupee crossing in Commercial Bank at 89.90 rupees a share and the stock closed 10 cents up at 90.00 rupees a share and a 44 million rupee crossing in John Keells Holdings at 163 rupees a share and the stock closed at 163.10 rupees.
(Colombo/ Jan 20/ 2020)
Jehan Perera - Executive Director National Peace Council