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Sri Lanka stocks slip for second day ending 1.15-pct lower

ECONOMYNEXT – Sri Lanka stocks fell 1.15 per cent on Wednesday continuing to plunge for the second consecutive day after recovering some of the losses on Monday, dragged down by Commercial Leasing and Finance, Ceylinco Insurance and Carson Cumberbatch, Brokers said.

Turnover was 657 million rupees with 41 stocks gaining and 113 falling.

The Colombo benchmark All Share Price Index fell 84.22 points to close at 7,212.66.

The market reached opened around 7,300 level but plunged with an hour into trade and continued to fall hitting an intraday low of 7,204 before closing.

The S&P SL20 index of more liquid stocks fell 1.45 per cent or 42.16 points to close at 2,867.82.

Commercial Leasing and Finance contributed most to ASPI’s fall, closing 50 cents down at 6.00 rupees a share.

LOLC Holdings fell 5.50 rupees to close at 315.75 rupees.

LOLC Finance fell 10 cents to close at 6.10 rupees, Browns and Company gained 2.00 rupees to close at 170.75 rupees and Browns Investment closed 10 cents down at 5.40 rupees.

Expolanka fell 40 cents to close at 46.10 rupees and Melstacorp Holdings closed 30 cents down at 47.60 rupees a share.

Ceylon Tobacco Company closed 1.25 rupees up at 1,004.75 rupees while Ceylon Cold stores closed 6.75 rupees down at 612.25 rupees and Piramal Glass Ceylon closed 20 cents down at 9.60 rupees.

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Vallibel One fell 1.90 rupees to close at 51.20 rupees and John Keells Holdings closed 1.50 at 148.50 rupees.

Hayleys Plc closed 1.20 rupees down at 59.30 rupees with key subsidiaries Dipped Products gaining 70 cents to close at 49.50 rupees while Haycarb Plc up 1.60 rupees to close at 99.30 rupees.

Commercial Bank of Ceylon closed 2.00 rupees down at 86.10 rupees and Hatton National Bank closed 3.00 rupees at 128.00 rupees.

DFCC Bank closed 10 cents down at 60.60 rupees, Nations trust bank fell 1.80 rupees to close at 55.40 rupees and Sampath bank closed 2.25 down at 153.00 rupees.

Seylan Bank closed 1.50 rupees down at 51.20 rupees and Pan Asia Banking Corporation closed flat at 16.80 rupees.

Central Finance Company gained 20 cents to close at 85.30 rupees while Alliance Finance Company closed flat at 51.90 rupees and Citizens Development Business Finance closed flat at 113.75 rupees.

Ceylinco Insurance closed 144.00 rupees down at 1,856.00 rupees and Housing Development Finance gained 10 cents to close at 35.00 rupees.

Royal Ceramic Lanka closed 7.25 rupees down at 252.50 rupees, Lanka Wall tiles closed 6.50 rupees down at 190.25 rupees while Lanka tiles down 50 cents to close at 185.75 rupees.

Cargills Ceylon closed flat at 238.00 rupees, Hemas Holdings closed 40 cents down at 82.30 rupees, while Distilleries Company fell 40 cents to close at 20.40 rupees and Ceylon Grain Elevators gained 50 cents to 119.50 rupees.

In the hotel sector Eden Hotel Lanka closed flat at 10.50 rupees while Sigiriya Village hotel closed 30 cents down at 32.90 rupees, John Keels Hotels closed 20 cents up at 10.00 and Aitken Spence Hotel Holdings closed flat at 30.00 rupees.

Carson Cumberbatch closed 13.50 rupees down at 271.50 rupees and Access Engineering down 60 cents to close at 23.00 rupees.

Nestle Lanka closed flat at 1,178.00 rupees and Aitken Spence Plc closed 40 cents down at 59.20 rupees.

Sri Lanka Telecom closed 20 cents down at 32.90 rupees, Richard Pieris and Company closed 30 cents down at 16.20 rupees while Dialog Axiata closed flat at 13.00 rupees.

The transportation industry was the most active. (Colombo/March10/2021)

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