Sri Lanka stocks retreat for fourth day, selling in banks

ECONOMYNEXT- Sri Lanka’s equities market retreated for the fourth day, closing 0.41 percent lower with selling in banking and finance stocks, provisional data showed.

Colombo’s All Share Price Index (ASPI) closed 24.45 points down at 5,932.07 after rising to a daily-high of 5,958.74 in mid-morning, before falling continuously to close at a daily-low.

The S&P SL20 Index closed 0.77 percent or 22.91 points down at 2,935.32.

Market turnover was 599.7 million rupees, with 29 stocks gaining and 111 falling.

Banking and finance stocks closed 0.63 percent lower.

Commercial Leasing and Finance closed 20 cents down at 3.50 rupees a share, contributing most to the ASPI fall.

Sampath Bank, the most active for the day, closed 2.70 rupees down at 165.10 rupees a share and diversified Hemas Holdings closed 1.70 rupees down at 81.30 rupees a share, also pushing the ASPI down. (Colombo/Nov07/2019)