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Sri Lanka stocks slide 0.11pct at close

ECONOMYNEXT – Sri Lanka stocks closed 0.11 percent lower on Monday, dragged down by Ceylinco Insurance and generated one billion in turnover, provisional data showed.

The All Share Price Index (ASPI) gained just after the market opening today and continued an upward movement in the first-hour of trade reaching an intra-day low at 5,982.44 and maintained a linear trajectory, tumbling to a close at 5,991.09.

The ASPI closed 6.88 points down at 5,980.67 and the S&P SL20 Index of most liquid stocks closed 0.36 percent or 10.11 points down at 2,820.65.

The market generated 1.07 billion rupees in revenue with two crossings witnessed in John Keells Holdings and Access Engineering.

A crossing amounting to 199.3 million rupees was seen in John Keells Holdings stock along with another 208 million rupees crossing in Access Engineering on Monday.

A volume of 58,323,016 shares were transacted in total for the day.

Meanwhile 57 stocks gained and 67 fell.

Ceylinco Insurance stocks closed 125.40 rupees or 6.31 percent down at 1,861.50 rupees a share contributing most to the ASPI’s fall.

LOLC Holdings Plc closed 4.80 rupees or 2.90 percent lower at 161.00 rupees a share.

Commercial Bank of Ceylon Plc fell 2.00 rupees or 2.16 percent to close at 90.80 rupees a share also contributing to the ASPI’s decline.

(Colombo/Jan13/2020)

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