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Wednesday May 19th, 2021
Markets

Sri Lanka stocks retreat for fourth day

ECONOMYNEXT- Sri Lanka stocks closed 0.62 percent lower on Wednesday, falling for the fourth straight day, brokers said.

Colombo’s All Share Price Index (ASPI) closed 35.71 points down at 5,697.93.

The index reached an intra-day high of 5,738.75 just after market open and reached a daily low of 5,693.52 in the afternoon.

The S&P SL20 Index of more liquid stocks closed 0.51 percent or 14.10 points down at 2,746.82.

Market turnover was 500 million rupees with 33 stocks gaining and 64 declining.

There was 53.6 million rupees in net selling amidst high foreign investor participation.

Ceylon Tobacco Company of Sri Lanka closed 26.40 rupees down at 1,074.90 rupees a share, contributing most to the fall of the ASPI.

There were two crossings (negotiated trades) totalling 213.7 million rupees in CTC shares.

Hemas Holdings fell 3.50 rupees to 70.00 rupees a share and Melstacorp fell 1.70 rupees to 43.10 rupees a share, also pushing the ASPI down.

(Colombo/ Oct 02/ 2019)

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