Sri Lanka stocks retreat for sixth day
Tuesday August 6, 2019 15:42
ECONOMYNEXT- Sri Lanka’s stocks closed 0.73 percent lower on Tuesday, continuing to fall for the sixth straight day, brokers said.
Colombo’s All Share Price Index (ASPI) closed 42.73 points down at 5,846.94, after gaining to an intra-day high of 5,893.10 in the first half hour of trading.
The more liquid S&P SL20 Index closed 1.26 percent or 36.54 points down at 2,859.98.
Market turnover was 546.2 million rupees with 47 stocks rising at 97 falling.
Hatton National Bank, one of Sri Lanka’s three largest listed lenders, closed 6 rupees lower at 172.70 rupees a share, contributing most to the ASPI fall.
Multinational food and beverage producer Nestlé closed 39.80 rupees down at 1,350.60 rupees a share and the country’s largest conglomerate John Keells Holdings closed 1.10 rupees down at 145.90 rupees a share, also pushing down the ASPI.
The two other largest listed banks also fell, with Sampath Bank closing 3.50 rupees lower at 159.90 rupees a share and Commercial Bank ending the day 1.20 rupees lower at 104 rupees a share. (Colombo/Aug06/2019)