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Sri Lanka stocks retreat on Hemas, JKH selling

ECONOMYNEXT- Sri Lanka’s Colombo Stock Exchange on Friday ended a rally which began on March 27, closing 0.57 percent lower with selling on diversified stock.

The All Share Price Index (ASPI) fell 32.07 points to 5,621.36, after reaching an intra-day high of 5,656.74 early morning.

The more liquid S&P SL20 Index fell 14.59 points to 2,742.47.

Market turnover was 219.98 million rupees with 48 stocks gaining and 70 falling.
 
There was high foreign participation, with net foreign outflows of 7.3 million rupees.

Contributing most to the ASPI fall were Hemas Holdings, closing 3.80 rupees lower at 74.70 rupees a share; Carson Cumberbatch, down 10 rupees to 155 rupees a share; and Ceylon Tobacco Company, down 10 rupees to 1,310 rupees a share.

Melstacorp share closed 1.30 rupees lower at 38.10 rupees and John Keells Holdings (JKH) down 1 rupee to 154 rupees a share.

Hatton National Bank, Hemas, and JKH generated 78 percent of daily turnover. (Colombo/Apr05/2019-SB)
 

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